1 of 12
3 years ago
Wed Feb 02, 2022 10:49 pm
BrutalBodyShots
Senior AdministratorGoodwill Saturation Technique Author
BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!
BrutalBodyShots has achieved the Garden Goal !!
Fico Resiliency Index is supposed to predict how stable your credit is in the event of economic downturn. I've got 2 negative reason statements provided with my Resiliency Index of 50, which lands on the stronger half of "moderate."
Does anyone know at what score negative reason statements are omitted? I don't have a record of my best Resiliency Index, but I want to say it was in the upper 30s, in the "resilient" range. At that score I don't recall being provided with any negative reason statements.
Interesting that the Resiliency Index seems to look to revolver:loan ratio and doesn't like a heavy amount of revolvers... but then another statement suggests that high loan amounts are bad too. For the record, I only have 1 open loan, a mortgage, that sits at about 65% utilization. If it's looking at raw dollars, I owe about $120k on that loan.- Tagline Goodwill Saturation Technique Author
- Classic 8 Scorecard CLEAN/THICK/MATURE/NO-NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/MATURE/NO-NEW-ACCOUNT
- AoOA 266 months
- AoORA 266 months
- Date of Last Inquiry and/or New Account Opening May 23rd, 2022
- Garden Goal 24