Why I think FICO 9 doesn’t like me.

Anonymous · ‎04-16-2018

My EX FICO 9 was 656 on 4/4/18. Meanwhile, my EX FICO 8 was 694 on that date. I have no derogs on my credit reports. Here’s my hypothesis. My oldest account is over 15 years and AAoA was 11 years 8 months on 4/4. However, I had 4 accounts and three of them are student loans that were rehabilitated. Those student loans are only reporting 5 months payment history. I think that while FICO 8 is counting my long credit history, FICO 9 is looking at the fact that I don’t have even 6 months payment history on most of my accounts.

What do you guys think?

NRB525 · ‎04-16-2018

Did we ever establish whether you have any revolving credit cards reporting any balance? Those scores seem really low, for no derogatories.

Note (perhaps you already know this) that at least one credit card / revolving card reporting is necessary to help your basic FICO 8, likely basic FICO 9. It gives the scoring model something to work with.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

Anonymous · ‎04-16-2018

No open credit cards as of 4/4/18. Just one closed credit card.

Anonymous · ‎04-17-2018

@AnonymousNo open credit cards as of 4/4/18. Just one closed credit card.

I would say that you identified the probem right there. Perhaps FICO 09 gives a greater score hit to profiles without a single open revolver.

Anonymous · ‎04-17-2018

My EX FICO 9 won’t update until May 4th, but I’ll see what score it updates to after these CCs are added and let you know.