This is why I don’t understand the scoring

[wife2froggy]

In a single image:

[Trudy]

---

@wife2froggy wrote:

In a single image:

---

Do you have missed/late payments regardless of what the print screen says? What information is shown when you open (+) next to no serious delinquency and number of missed payments? 

Factors or reason codes can be helpful but also confusing sometimes.  Some CMS only provide missed payment data on the front end summary only back so far (not the full 7 yrs).  Not sure if it's universal when FICO scores are provided through the various CMS's but a serious delinquency per FICO's CMS is defined as 90 days which does not include 30 and 60 day lates as serious delinquencies.

[Anonymous]

@wife2froggy along with the pictures a written explanation would be helpful. Also, your edits are covering utilization. Not saying your score doesn't seem low, but definitely more information needed for specific feedback.

[Anonymous]

What is your UTIL? 

[Anonymous]

The scorecard via Discover doesn't accurately represent the info on your report.

On mine for example, it says I have 6 inqs for the last 12 mo., but I have 16.

I'm going to guess that you do in fact have missed payments.

[Anonymous]

Serious delinquency and missed payments are 2 different factors, so it's possible that one area could be good and one bad... as in good that you've got no 90+ day lates, but bad that you've got [less than 90 day] lates.

Positive reason statements are bogus though and don't directly impact score... they're there more for fluff than anything else.  Only negative Fico reason statements actually point to factors adversely impacting your score.  You could make up a ton of "positive" statements just like no serious delinquency such as "No maxed out revolving accounts" or "Under 10 hard inquiries" or "Over 5 years of credit history" etc.

[wife2froggy]

I have 1 x 30 day late from over 2 years ago, that's it, no collections, no other lates in 10 years.

[Anonymous]

---

@wife2froggy wrote:

In a single image:

---

Welcome to the wonderful world of Fico-babble, where the reasons you get that are meant to explain your scores have absolutely no bearing on what FICO says is in your credit file. In my many years it took to figure out this truth I have seen the following:

An explanation for a decrease in points being "too many inquiries" and on that same report it said "Number of Inquiries - 0".

An explanation for a decrease in points being "Too many Installment Loans" and on that same report it said "Number of Installment Loans - 0"

An explanation for a decrease in points being "Too few open credit cards " and on that same report it also said "Too few open credit cards"

An explanation for a decrease in points being "High Utilization" and on that same report it said "Credit Card Utilization - 0%"

FICO scores seem to be a calculation using an algorithm that relies on ten monkeys throwing darts at ten dart boards, then computing the average scores after ten throws, and adding in the height of the tide in the Bay of Fundy at 6AM on that day then dividing by the number of times Bill and Melinda Gates had sex the previous night.

[Anonymous]

---

@wife2froggy wrote:

I have 1 x 30 day late from over 2 years ago, that's it, no collections, no other lates in 10 years.

---

@wife2froggy As stated above Discover's interface leaves a lot to be desired. It is  notoriously inaccurate. You are receiving the negative reason code of missed payment because you have a 30 day late within the last 7 years. That simple. A 30 day late is not considered a serious delinquency and leaves you in a clean scorecard.

most likely Discover is saying no missed payments in the last two years. The negative reason code comes directly from the algorithm and is not missing your delinquency