Where, and by whom, is the FICO 10T trended data stored?

[Thomas_Thumb]

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@BuckyB wrote:

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@GZG wrote:

if it's not on your credit report, it's not used in a 10T score

10T is just a score that considers "payment and debt history for the previous 24 months" whereas previously utilization had no memory

So you're saying that prior versions of FICO don't take into account payment history?

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Of couse payment history was looked at. Focus was on whether or not accounts were in good standing. Examples include frequency and recency of lates. Another factor is DOFD.

However, there was no quantative trending looking at monthly spending/payment behavior.

[Pppoolboy]

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@Thomas_Thumb wrote:

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@BuckyB wrote:

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@GZG wrote:

if it's not on your credit report, it's not used in a 10T score

10T is just a score that considers "payment and debt history for the previous 24 months" whereas previously utilization had no memory

So you're saying that prior versions of FICO don't take into account payment history?

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Of couse payment history was looked at. Focus was on whether or not accounts were in good standing. Examples include frequency and recentcy of lates. Another factor is DOFD.

However, there was no quantative trending looking at monthly spending/payment behavior.

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Like OP said, where is this information found on the report, specifically?  Thanks!

[Thomas_Thumb]

@Pppoolboy 

What is "the report"? Your question is nebulous. Each CRA issues their own report in its own format.

True CRA credit reports have fields for account balance, scheduled payment and amount paid. Depending on the CRA, their report could also have fields for date payment received or past due amount. All CRAs have account rating by month. Issuers of revolving accounts are not required to report monthly amounts paid and many don't. The only field requiring numerical data is account balance.

Depending on the CRA and creditor, their official report may show 2, 3 or 4 years worth of payment data but 7 years of monthly account payment status.

Get a CRA issued report NOT a Fico report or a Credit Karma report.

[GZG]

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@BuckyB wrote:

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@GZG wrote:

if it's not on your credit report, it's not used in a 10T score

10T is just a score that considers "payment and debt history for the previous 24 months" whereas previously utilization had no memory

So you're saying that prior versions of FICO don't take into account payment history?

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other than if it was paid on time or not?

no every other fico score did not care if

• it didn't care if minimum payments were made
• it didn't care if you got a loan and paid down credit cards and then proceeded to run up balances again
• it didn't care if balances were progressively going up instead of down

the only thing that mattered was the current reported balance

lenders obviously cared about those things so they are included in their underwriting, but former fico scores didn't care about those things at all 

[GZG]

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@Thomas_Thumb wrote:

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@@GZG

How is utilization determined if credit limits are not stored monthly? If the algorithm uses the only credit limit stored (most recent) prior month calculations would be inaccurate if there were CLIs or CLDs.

The last report I pulled was 5 years ago so perhaps CLs are now listed/stored monthly on reports

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depends on the report, the lender and the reporting itself, but monthly CLs are usually listed in some form or another: 

[Zoostation1]

@Thomas_ThumbI can attest to shortcomings in newer trended models like 10T. My highest 10T scores since beginning my rebuild in Nov 2021 were on a weaker credit profile than I have now.  March '23 on 10T I'm at EQ720/TU711/EX707 with 3 cards on my report at $1800, $3500, $3000 CLs but micromanaged to 1 card reporting $54 on $8300 total CL, and( 6 months since the last new inquiry (and account).  Now I'm at the same 6mo since new inquiry and new account but have 5 cards with $2300, $2300, $4500, $5000, and $10k CLs (in one instance moved from CL from card to card). The 3 existing accounts have aged and grown, plus the 2 added accounts reporting have higher limits than any of the existing.  I last reported 2/5, $1991($1268 and $723) on $24100 total CL and have lower scores despite having been a PIF transactor the entirety of my still in progress rebuild, and aging the existing accounts. Current 10T are at EQ696/TU690/EX694.  It's frustrating that what helps your score may not help you grow your profile with a lender, and in some cases  may limit that growth.

[Horseshoez]

@Zoostation1, your post made me look back at my 10T scores from my last myFICO set of scores before I cancelled my subscription in May of 2022 compared to my scores from this month when I reinstated my subscription.  Not sure if it was normal back in 2022, all of my EX 10 scores are zero, but I have EQ and TU to look at.

• 05-2022: EQ-10T: 805 -- TU-10T: 800
  • Four Credit Cards with a total limit of $21,000, one card with a $50 balance + a $3,000 SSL < 9% balance
• 01-2024: EQ-10T: 798 -- TU-10T: 792 -- EX-10T: 806
  • Six Credit Cards with a total limit of $61,000, one card with a $50 balance + a $39,000 auto loan with 72% balance

Also not sure whether I expected my 10-T scores to improve over where they were two years ago or not, so these are just datapoints.

[AndySoCal]

@BuckyB @The Fico10T score and data provides to lenders is some insight on how a consumers uses revolving credit (credit cards etc) accounts. Does the consumer pay the balance in full each month or making monthly payments and carry balance month over month.