Question on Scorecards?

2 years ago

Mon Sep 05, 2022 8:59 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 15 days, 20 hours, and 53 minutes Next Level in15 days, 3 hours, and 7 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 53 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 53 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 53 minutes ago

My take on it is that different models have different segmentation factors. Things like AoYRA being 12 months on F8+ but 18 months on EX2, for example. I would think the CA would be an example of this as well, where the older 2/4/5 see it as a segmentation factor where F8+ doesn't.

Looking forward to other opinions on this as always of course.

2 years ago

Tue Sep 06, 2022 9:54 pm

LaHossBoss

Outlier

LaHossBoss has been gardening for over 2 years.

Level32 Last INQThursday, December 9, 2021 Gardening For2 years, 8 months, 29 days, 20 hours, and 53 minutes Next Level in1 day, 3 hours, and 7 minutes on September 9th INQ 1yr onFriday, December 9, 2022 INQ 1yr reached1 year, 8 months, 29 days, 20 hours, and 53 minutes ago INQ 2yr onSaturday, December 9, 2023 INQ 2yr reached8 months, 29 days, 20 hours, and 53 minutes ago

@BrutalBodyShots meaning, this would still place him on a PR scorecard? With the score caps of a PR scorecard? I am just trying to wrap my head around this, while segmentation may vary for each score model, does that still mean it is the same scorecard across score models? One scorecard assignment for one credit profile? Meaning - 800s are unobtainable for F8s/F9s until off the PR scorecard even though segmentation does not account for it, it is still a PR scorecard?

2 years ago

Tue Sep 06, 2022 10:34 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 15 days, 20 hours, and 53 minutes Next Level in15 days, 3 hours, and 7 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 53 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 53 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 53 minutes ago

I would think that scorecard ranges vary by scoring model. For example we know that 2/4/5 all have top ends that cap below 850, so just using that as an example it won't be the same as something like F8. Then you've got industry enhanced scores that go to 900, so no doubt their ranges would be skewed higher... likely higher top ends and also higher lower ends for each scorecard. That would make the most sense to me anyway. I would guess that it's a PR scorecard, but would like to hear what others think.

2 years ago

Fri Sep 09, 2022 5:50 pm

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 5 days, 20 hours, and 53 minutes Next Level in24 days, 3 hours, and 7 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 5 days, 20 hours, and 53 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 5 days, 20 hours, and 53 minutes ago

@LaHossBoss hey did you ever get my private messages I sent? sorry for the delay but I’m starting to get a handle on my health issues and I’m trying to get caught up in the near future and back on track and get this thing going. To answer your question, I agree with BBS, he is on a PR scorecard for the mortgage version 5. I believe version 8/9/10 ignore the nuisance collection and do not reassign him to a PR card. So he should be in a clean card for 8/9/10, imo. And I think the fact that the scores are similar at the other bureau where he’s clean demonstrates this further. However there’s a easy way to resolve this: what are the negative reason codes?

No you can only be on one scorecard at a time per version. Yes he’s on a PR card on the old scores and a clean card on the new scores, I believe. Let’s see the reason codes and will know for sure.