Do we understand how mortgage scores deal with higher limit cards?

2 years ago

Thu Feb 16, 2023 1:13 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 43 minutes Next Level in24 days, 3 hours, and 17 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 5 days, 20 hours, and 43 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 5 days, 20 hours, and 43 minutes ago

Justaguy wrote: ↑Sun Aug 14, 2022 11:50 am Upon further review… My DP that I’ve been citing as evidence that TU4 and EQ5 treat $40k as a card has a weakness. My Amex charge card also had a balance reporting then. That card’s highest balance ever was $38.9k (a humbling reminder of my past foolishness). Some people may feel certain that FICO 04 treated charges cards as non-revolvers for all purposes, but I do not share that certainty. So in my mind the $40k number is still in doubt. Some of my posts on the topic overlooked this detail, and therefore overstated my confidence re $40k. That was a mistake and I apologize. It will take me a few months to line things up for more testing. I will report back when I do so.

@Justaguy And re-reading this, the AZ loss is believed to be based on revolving balance, not utilization. Charge cards are excluded from revolving utilization. I do not know whether they are excluded from revolving balances. I guess this may be one way to find out. Cause I’m currently testing 40 w/o charge card. I don’t think so, but could also be based on BWB rather than revolving balance. If so, does mix count it as a revolver? I think it does.

2 years ago

Fri Feb 17, 2023 3:37 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 43 minutes Next Level in24 days, 3 hours, and 17 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 5 days, 20 hours, and 43 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 5 days, 20 hours, and 43 minutes ago

I just got bumped up to 48 so that could be the next test point.

2 years ago

Sat Feb 18, 2023 12:51 am

Justaguy

Seasoned Rebel

Justaguy has been gardening for over 2 years.

Level33 Last INQTuesday, November 16, 2021 Gardening For2 years, 9 months, 22 days, 20 hours, and 43 minutes Next Level in8 days, 3 hours, and 17 minutes on September 16th INQ 1yr onWednesday, November 16, 2022 INQ 1yr reached1 year, 9 months, 22 days, 20 hours, and 43 minutes ago INQ 2yr onThursday, November 16, 2023 INQ 2yr reached9 months, 22 days, 20 hours, and 43 minutes ago

I have been taking a break from credit score research for a while, so I’m not watching my scores very closely. But this week I saw something perplexing. My Lowest Limit Card With a Balance is a Citi Costco card with a limit of $14,500. A few days ago its reported balance went from $0 to $51. But I’m getting the All Zero penalty of EX2! That should not happen. Something is messed up, but I haven’t the faintest idea what.

2 years ago

Sat Feb 18, 2023 2:24 am

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 43 minutes Next Level in15 days, 3 hours, and 17 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 43 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 43 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 43 minutes ago

Possible that it's not being seen as a bank card for some reason?

2 years ago

Sat Feb 25, 2023 3:20 am

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 43 minutes Next Level in24 days, 3 hours, and 17 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 5 days, 20 hours, and 43 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 5 days, 20 hours, and 43 minutes ago

Justaguy wrote: ↑Sat Feb 18, 2023 12:51 am I have been taking a break from credit score research for a while, so I’m not watching my scores very closely. But this week I saw something perplexing. My Lowest Limit Card With a Balance is a Citi Costco card with a limit of $14,500. A few days ago its reported balance went from $0 to $51. But I’m getting the All Zero penalty of EX2! That should not happen. Something is messed up, but I haven’t the faintest idea what.

That’s crazy. My first thought was the same as BBS. Let me tell you something even crazier. So I did the test with the 40,000 EQ five went from 810 to 800 when the low limit Card posted a balance; no other changes that I can see. I’m gonna have to print it out and go line by line. Nothing else should’ve changed. went the wrong way! Something is screwy.