What is the max FICO 08 for the major derog bucket

[Anonymous]

Obviously I know the exact numbers are proprietary, but what are some of the best guesses?

[EW800]

I have no idea, however have sure wondered myself.  I have no doubt that I am probably in just about the worst possible bucket, or at least I was at the worst of my credit problems.  I went through a foreclosure and a credit card settlement close to three years ago.  Through the recovery since then, 731 is about the highest I have been able to get under the FICO 8 model.  I am hoping to be able to grab a few more points as these baddies age, but so far it seems like it is not easy for me to get over 731.  

I will share that under the Bankcard Enhanced and Auto Enhanced FICO models, I have been able to get into the 740-759 range (250-900 possible).  At least in my case, it seems like these models are a bit more forgiving of my foreclosure.  As of a couple of weeks ago, I am sitting at:

EQ Score 8 - 730

EQ Mortgage Score 5 - 724

EQ Auto Score 8 - 748

EQ Auto Score 5 - 742

EQ Bankcard Score 8 - 744

EQ Bankcard Score 5 - 754

TU Score 8 - 731

TU Mortgage Score 4 - 705

TU Auto Score 8 - 750

TU Auto Score 4 - 725

TU Bankcard Score 8 - 749

TU Bankcard Score 4 - 716

EX Score 8 - 722

EX Mortgage Score 2 - 723

EX Auto Score 8 - 759

EX Auto Score 2 - 726

EX Bankcard 8 - 742

EX Bankcard 2 - 737

[Anonymous]

My experience is very similar to EW800's. I have a state tax lien from March, 2008. My EQ and EX Classic fluctuate between the low 720's and 730 and my Bankcard scores are in the 740's. As a comparison my TU, which doesn't have the tax lien, is over 800 across all score versions.

[EW800]

CAPTOOL: That is interesting (and sad) that you are being held down by a good 70-80 points for something that took place seven years ago or so. It sure shows that some FICO models are not very forgiving at all in regard to past issues. When do you hope to see these fall off of EQ and EX?

I have been very curious what my scores would be if I did not have the foreclosure and CC settlement. I had been in the 780 range before the major issues hit, and that was with fairly high Util, so I am pretty sure that I would hit north of 800 as well if my major baddies were to fall off, as my Util now is about $10 out of about $76K available. I am so looking forward to my major baddies falling off in about 3 years, and pray that everything else remains clean between now and then.

[Anonymous]

My TU 08 score could never get above 700 while my tax lien was showing albeit with a relatively short AAoA.

After the tax lien dropped, my score has been steady between 750 and 775 even though my AAoA is still short.

[Anonymous]

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@EW800 wrote:
CAPTOOL: That is interesting (and sad) that you are being held down by a good 70-80 points for something that took place seven years ago or so. It sure shows that some FICO models are not very forgiving at all in regard to past issues. When do you hope to see these fall off of EQ and EX?

I have been very curious what my scores would be if I did not have the foreclosure and CC settlement. I had been in the 780 range before the major issues hit, and that was with fairly high Util, so I am pretty sure that I would hit north of 800 as well if my major baddies were to fall off, as my Util now is about $10 out of about $76K available. I am so looking forward to my major baddies falling off in about 3 years, and pray that everything else remains clean between now and then.

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Not for another 7 years. I finally got it paid off this month. Technically, it should still be in TU but for some reason it vanished while it was still open. Now that it's paid, I wouldn't be surprised to see it reappear in TU when it updates.

[Anonymous]

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@EW800 wrote:

I have no idea, however have sure wondered myself.  I have no doubt that I am probably in just about the worst possible bucket, or at least I was at the worst of my credit problems.  I went through a foreclosure and a credit card settlement close to three years ago.  Through the recovery since then, 731 is about the highest I have been able to get under the FICO 8 model.  I am hoping to be able to grab a few more points as these baddies age, but so far it seems like it is not easy for me to get over 731.  

I will share that under the Bankcard Enhanced and Auto Enhanced FICO models, I have been able to get into the 740-759 range (250-900 possible).  At least in my case, it seems like these models are a bit more forgiving of my foreclosure.  As of a couple of weeks ago, I am sitting at:

EQ Score 8 - 730

EQ Mortgage Score 5 - 724

EQ Auto Score 8 - 748

EQ Auto Score 5 - 742

EQ Bankcard Score 8 - 744

EQ Bankcard Score 5 - 754

TU Score 8 - 731

TU Mortgage Score 4 - 705

TU Auto Score 8 - 750

TU Auto Score 4 - 725

TU Bankcard Score 8 - 749

TU Bankcard Score 4 - 716

EX Score 8 - 722

EX Mortgage Score 2 - 723

EX Auto Score 8 - 759

EX Auto Score 2 - 726

EX Bankcard 8 - 742

EX Bankcard 2 - 737

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Hello EW800! The information I have gathered, from researching, is that as your baddies age they will have less and less impact on your FICO scores. I don't have a foreclosure, but I do have about six 30 day lates on my truck loan which is now PIF. I PIF my truck Feb 2013. The most recent baddie was reported Jan 2013 across ALL 3 CBs. Based on the my FICO simulator, I need to have 24 months of good payment history across all accounts and my EXP & EQU scores will both increase 40 points each. It doesnt seem to affect my TU as much. I need to pay down 11K on my SL and it will increase 25 points.

EXP 748 to 788

EQU 749 to 789

TU 765 to 790

Do you use the myFICO simulator? I have found it to be an extremely helpful tool. My scores might have been higher, but I've spent the last year building my credit card profile. With each inquiry my scores have taken hits. Plus, I have a credit card with BOA which requires HPs every time I request a CLI. I'm not complaining because I started with an $800 CL and it's now 6k. I have had the card less than a year. My last increase was at the 5 months mark from 2k to 6k. It may not seem like much to most but it's a big accomplishment for me. I am conservative when asking for CLIs.

I understand that waiting is hard, but in the meantime your baddies will be aging and your AAoA will be increasing on your current accounts. In 24 months, if not sooner, the increase in my FICO scores witll catapult me into the High Achiever status.  While I wait for the 24 months to count down, I will focus on paying down/off my SLs. I hope my story has helped you. Good luck with all your endeavors!!!

[Anonymous]

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@Anonymous wrote:

My experience is very similar to EW800's. I have a state tax lien from March, 2008. My EQ and EX Classic fluctuate between the low 720's and 730 and my Bankcard scores are in the 740's. As a comparison my TU, which doesn't have the tax lien, is over 800 across all score versions.

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Congrats on your TU score being 800+. Regarding your other scores. As your baddies age they will effect your score less and less. Do you use the myFICO simulator? If yes, what does it say you need to do to increase your EQU and EXP scores?

[Anonymous]

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@beautifulblaquepearl wrote:

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@Anonymous wrote:

My experience is very similar to EW800's. I have a state tax lien from March, 2008. My EQ and EX Classic fluctuate between the low 720's and 730 and my Bankcard scores are in the 740's. As a comparison my TU, which doesn't have the tax lien, is over 800 across all score versions.

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Congrats on your TU score being 800+. Regarding your other scores. As your baddies age they will effect your score less and less. Do you use the myFICO simulator? If yes, what does it say you need to do to increase your EQU and EXP scores?

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Only time, nothing else.

[Anonymous]

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@Anonymous wrote:

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@beautifulblaquepearl wrote:

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@Anonymous wrote:

My experience is very similar to EW800's. I have a state tax lien from March, 2008. My EQ and EX Classic fluctuate between the low 720's and 730 and my Bankcard scores are in the 740's. As a comparison my TU, which doesn't have the tax lien, is over 800 across all score versions.

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Congrats on your TU score being 800+. Regarding your other scores. As your baddies age they will effect your score less and less. Do you use the myFICO simulator? If yes, what does it say you need to do to increase your EQU and EXP scores?

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Only time, nothing else.

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Okay. In the meantime, we need to find something else to think about. I find surfing the personal finance sections of myFICO has helped pass the time. I am helping my husband, son, and brother 'n law with their credit. We are in the process of doing some small DIY projects around the house. I signed up for the myFICO 3B credit monitoring tool too. All of these activities have helped with distracting me from the 24 month wait. 

What else can you work on or do to help distract you from the wait? Be creative and have fun!!!