Question though, are you sure it was 8.4% (aggregate, I think you just had the one loan?) on that pull? In my own experience that reason code has gone away at least for FICO 8 under 8.9%. If TU FICO 4 is different that's interesting
Yes. The remaining balance was exactly $42.35 (42.35/500 = 8.47%), and myFICO's front-end software takes the floor of that value (and floor of percentage) to display the following:
These are partial FICO 8 factors from the same (12/31/18) report: (yet another glaring error there in the front-end software...8% of principal...should be 92%)
Sadly all the “positives” are just CMS fluff.
No doubt about it. Everyone, put your hands together for CMS fluff.