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A year ago
Fri Sep 29, 2023 5:51 pm
Beefy
Seasoned Rebel
Nov 2021 I accidentally “didn’t know better” opened a CFA account.
The account only reports to Experian and only Experian has the CFA reason statement.
Looking at my scores and reports I estimate a single CFA account is roughly a 19-20 point loss.
All three CRA currently have the same balance reported and age of account metrics.
Scores are as follows:
EQ 1 inquiry
TU 3
Ex 2
EQ vs TU is 11 points this can be chalked up as the effect 2 inquiries.
Ex vs TU has a 14 point spread with one less HP.
If you count the inquiry as a 5ish point loss/gain that means 14+5-6 means the CFA is suppressing my ex score 19-20 points.
This would be on a young/thick/new revolver scorecard unless a CFA forces scorecard reassignment. At which point my musings are meaningless.
Does anyone have any relevant data points to confirm this?
Click images to enlarge them.
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Score data
EQ8-791; TU8-780 EX8-766
EQ9-816; TU9-776; EX9-776
EQ5-729; TI4- 740; EX2-723 - Classic 8 Scorecard CLEAN/THICK/YOUNG/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/YOUNG/NEW-ACCOUNT
- AoOA 2y5m
- AoORA 2y5m
- Date of Last Inquiry and/or New Account Opening May 28th, 2024
- Garden Goal 12