I just checked my FICO EX and my score went down 8 points from a 755 to a 747 FOR NO APPARENT REASON. I printed both reports (printed the 755 and save it awhile ago and just printed the 747) and did a side by side analysis and the only difference was my accounts aged two months. Absolutely no lates, no new baddies, nothing dropping off that was positive, no changes on util, no new inq's, cl's the same, no judgments or public records, no new accounts. Just two additional POSITIVE months of payments on time and little more aging! Any ideas, beginning to think FICO has the occasional hiccup!
1. EX hates you
2. The moon was waxing when the compter made the calculations.
3. The moon was waning when the computer made its calculations
4. Uranus was in Venus at the time.
5. A butterfly flapped its wings in Japan.
6. The was a power surge in Paris, France.
I am taking a very long view - I am figuring out where I will be in the summer of 2008
Minor fluctuations don't bother me, I just want to see appropriate increases when I follow the rules and get something right
Some call them "pools", some call them "buckets", and I think the official term is "scorecards". The concept does account for a lot of otherwise unexplainable score changes. In a closed-end model (850 max), it seems reasonable that a "grading curve" effect would be part of the formula. If the average of most people in your scorecard group goes up during one month (from actively fixing things), and you are on cruise control (just gathering history since you already fixed everything else), then perhaps your score might take a slight ding because of that.
It's still all based on anecdotal evidence and assumptions - nobody is going to divulge the specifics of the formula.
It's still all based on anecdotal evidence and assumptions - nobody is going to divulge the specifics of the formula.
That is fascinating! I guess my history/math degrees cannot even help here. What you are saying makes perfectly good sense. I am not in credit repair mode mostly just watching my util and paying on time. Always!!! In response to this drop in my EX score, I pushed the amex luv button and received a sizable cli on my Blue card, further lowering my util to about 1.4%. Now if just the **bleep** accounts would start reporting on EX.
Revike wrote:
Some call them "pools", some call them "buckets", and I think the official term is "scorecards". The concept does account for a lot of otherwise unexplainable score changes. In a closed-end model (850 max), it seems reasonable that a "grading curve" effect would be part of the formula. If the average of most people in your scorecard group goes up during one month (from actively fixing things), and you are on cruise control (just gathering history since you already fixed everything else), then perhaps your score might take a slight ding because of that.
It's still all based on anecdotal evidence and assumptions - nobody is going to divulge the specifics of the formula.
