@iv wrote:
@SouthJamaica wrote:
As noted above, it wasn't excluded from the TU report, and the particulars were reported accurately, so there is no reason to think it was 'completely excluded' from scoring.Excluded from scoring isn't the same thing as disappearing from the report.
It's well known, for instance, that an account under dispute status may be displayed on a report, but not included in scoring.
I'm suggesting that whatever status indicator your "suspended" account had may have been treated in the same way - excluding it temporarily from scoring. (And thus raising your effective AAoA for scoring purposes briefly.)
It wouldn't have affected my average age of accounts by more than half a month, and not near any thresholds.
It may have influenced other aging factors, namely Age of Youngest as well, or whatever the new accounts reason code looks at beyond that.
There are some patterns in FICO which we don't fully understand, and we know new accounts have an effect on the reason codes and probably scorecard assignment (not sure if that's utterly nailed down yet) and wouldn't surprise me if you fell into this sort of rabbit hole.
I agree with iv, suspended probably is similar to dispute in the sense that something is off with the tradeline and therefore it makes sense to exclude it from the scoring algorithm. Exactly why that would make a difference I don't know, would be interesting to see if reason codes shifted.
@Revelate wrote:It may have influenced other aging factors, namely Age of Youngest as well, or whatever the new accounts reason code looks at beyond that.
There are some patterns in FICO which we don't fully understand, and we know new accounts have an effect on the reason codes and probably scorecard assignment (not sure if that's utterly nailed down yet) and wouldn't surprise me if you fell into this sort of rabbit hole.
I agree with iv, suspended probably is similar to dispute in the sense that something is off with the tradeline and therefore it makes sense to exclude it from the scoring algorithm. Exactly why that would make a difference I don't know, would be interesting to see if reason codes shifted.
It didn't affect age of youngest account.
It didn't affect average age of accounts.
If it were being treated as a dispute, the score would have gone down not up.
Does exclusion of the suspended account affect # of open accounts under 12 months age?
Reason for the question is Fico has a negative code: "too many accounts recently opened". Not sure how many "too many" is - could be profile dependent or what "recently" is defined as ( 3 months, 6 months or 12 months). Perhaps your card being suspended dropped count below some threshold (code 09)
https://www.nationalcrimesearch.com/wp-content/uploads/forms/FICOReasonCodes.pdf
@Thomas_Thumb wrote:Does exclusion of the suspended account affect # of open accounts under 12 months age?
Reason for the question is Fico has a negative code: "too many accounts recently opened". Not sure how many "too many" is - could be profile dependent or what "recently" is defined as ( 3 months, 6 months or 12 months). Perhaps your card being suspended dropped count below some threshold.
The account is 9 months old.
I don't see why it would be excluded as an account recently opened. The remark was "credit line suspended" not "account suspended". Even if the account had been marked as suspended, or even as closed, it would still have been "recently opened".
@Thomas_Thumb wrote:As others have mentioned, an account in dispute is utterly ignored. Perhaps the suspended account where an error was made is being treated as such for the time being. Again, this is speculation. Based on the limited data you have provided, that's the best anyone can do.
My speculation is that TU FICO 8 rewarded me for having 20k less in credit limit.
@Anonymous wrote:
@SouthJamaicaMy speculation is that TU FICO 8 rewarded me for having 20k less in credit limit.
My first reaction to your statement above is that it's nonsense, but just for the sake of conversation what was your before/after TCL... meaning your TCL with the $20k included verses your TCL with the $20k ignored/suspended from calculation? Perhaps this before/after crosses a threshold of some sort at $500k (say) and a penalty imposed at $500k for being too high gets lifted. Super big stretch there, but just talking it out. TT, are there any negative reason codes that point to TCL being too high?
@I know the MyFICO TU alert is not necessarily determinative, @Anonymous, but all it said was "all bankcard accounts total credit limits decreased". It said nothing about the account status. So although my guess may be wrong, I don't think it's necessarily nonsense.
Meanwhile, in your "super big stretch" you may well be on to something
Looking only at the reporting bankcard accounts, it would be:
before 403400
after 383400.
So maybe having more than 400k in total credit limits is a negative for my profile, and getting below was a positive.
Now if I only I could isolate this next month when TU has the info corrected.