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Those with 850 scores, do you still get a listing of "factors that adversely affect your score" ?

NoMoreE46
Established Contributor

Those with 850 scores, do you still get a listing of "factors that adversely affect your score" ?

Per GS, my DW has a  849 TU Fico 9. Then it lists five factors that "adversely affected" her score.  Huh ?  

 

Goldman Sachs Bank USA received your credit score from TransUnion Consumer Solutions.

Your credit score (TransUnion FICO® Score 9) as of January 20, 2021: 849

 

Key factors that adversely affected your TransUnion FICO® Score 9:

  • Proportion of loan balances to loan amounts is too high
  • Time since most recent account opening is too short
  • Too many accounts with balances
  • Length of time accounts have been established
  • Number of inquiries

Are these factors for real or is this just a canned reply?   Seems like a lot of factors that all sum to One more point...

 

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Thomas_Thumb
Senior Contributor

Re: Those with an 850 scores, do you still get a listing of "factors that adversely affect your

No - not at 850.

I do receive a couple reason statements on my Discover card account summary (TU fico 8) when my score drops to 845, 848 or 849. However, nothing listed when score is 850. I have received reason codes on my Citi account for EQ BCE Fico 8 up to my max score of 892.

 

Only the top 1 or 2 statements have any real significance once Classic score is above 800. The others are just filler. The "time since account opening is too short" relates to a new account penalty that should disappear when youngest account reaches 12 months age. However, I got the "You opened a new account relatively recently" reason up until my youngest account (opened 9/2011) reached 5 years.

 

EQ Auto group 1.jpgEQ Auto group 2.jpg

Note: Fico 3B reports stop providing reason codes once Classic scores reach 800 and when Auto/Bankcard scores reach 850.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
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BrutalBodyShots
Super Contributor

Re: Those with an 850 scores, do you still get a listing of "factors that adversely affect your

They are real factors and it's cool that you have a source for them.

 

I can second what TT said above, where you won't see negative factors with an 850 score.  Like TT, if I drop below 850 and get a Discover CLI denial letter I am provided with negative reason statements to go along with that sub-850 score.  Once I reach 850 though, no statements on the denial letter. 

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NoMoreE46
Established Contributor

Re: Those with an 850 scores, do you still get a listing of "factors that adversely affect your

thanks for the explanation @BrutalBodyShots  and @Thomas_Thumb 

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