First credit score at 6 months is 750

• this thread answers the question that a lot of people on the internet are asking
• a million websites have an article devoted to it
• we're the only one that provided an actual score number
• that number is the only thing that matters
• We can't get on the front page of a Bing/Google search because....reasons.

Cassie wrote: ↑Tue Jul 26, 2022 7:30 pm It's really frustrating to me when:

• this thread answers the question that a lot of people on the internet are asking
• a million websites have an article devoted to it
• we're the only one that provided an actual score number
• that number is the only thing that matters
• We can't get on the front page of a Bing/Google search because....reasons.

Forbes, Washington Post, Nerdwallet, Credit Karma....blah blah blah....none of them can just answer the question. Just a bunch of wasted words to get revenue from all the ads on their worthless article page. Ok...done ranting. lol

Justaguy wrote: ↑Tue Jul 26, 2022 11:09 am I’m not claiming to know the real answer; just spitballing. My perspective on scorecard changes got rocked when @Cassie made the transition from Young to Mature. That was at AoOA = 36m and she lost something like 20 points, right? I thought of that as a big fish in a small pond situation, where the fish moves to a bigger pond. Maybe that’s a flawed mental model. My point is, the evidence has not always fit with my intuition when it comes to scorecard changes. I’m now open to the idea that scorecard changes one generally views as positive can have a negative effect on scores, particularly in the short run.

LaHossBoss wrote: ↑Wed Jul 27, 2022 2:33 am I see the score has been exactly the same across the entire time. I guess we have to consider other factors such as utilization and AWB? Perhaps being at 100% AWB is weighted more heavily when off a new account scorecard?

Justaguy wrote: ↑Wed Jul 27, 2022 11:22 am Great points, all. I’m always willing to ask stupid questions. What evidence do we have that AoYRA is a segmentation factor on TU8? What evidence do we have that 12m is the transition point between scorecards?

Cassie wrote: ↑Tue Jul 26, 2022 1:31 pm I'm going with this draft hypothesis: People who only get 1 card in their first year of credit history aren't penalized for it in the TU FICO 8 score version on any characteristic related to new accounts alone. That may be different at EQ and EX, with their own customized versions of FICO 8. @Tinkegrrl : Did you see score gains at exactly 1 year and 0 months credit file age, that might have something to do with aging alone?

BrutalBodyShots wrote: ↑Thu Jul 28, 2022 8:35 pm This above could be further evidence about a midpoint of the month as Cassie has theorized (definitely with VS 3.0) could be a factor in determining the age of an account, and thus the point at which it would be considered 12 months old in the eyes of the Fico algorithm.

BrutalBodyShots wrote: ↑Thu Jul 28, 2022 10:23 pm Any chance a threshold point related to date opened / age could be later than the 23rd? Probably not, but I'm just throwing it out there.

Cassie wrote: ↑Tue Jul 26, 2022 1:31 pm I'm going with this draft hypothesis: People who only get 1 card in their first year of credit history aren't penalized for it in the TU FICO 8 score version on any characteristic related to new accounts alone.

Cassie wrote: ↑Thu Jul 28, 2022 10:59 pm I was just working on the aging update code for CRADIS, where I have a tentative midpoint cut-off date for VS3 on the 13th. If there turns out to be one on FICO score models....oh wow...

Justaguy wrote: ↑Fri Jul 29, 2022 1:01 am This theory sounds right to me. It would be redundant to ding a young file for having a single new account. They all do. They have to. By definition. The data set of newly scorable files with zero accounts — which you would need in order to determine how much additional risk is added by the additional of one new account — is empty. I don’t have any doubts about how FICO calculates account age. It’s on the first of the month. What, aside from Cassie’s friend’s unchanged score is causing y’all to question this? Vantage is different. I think I see on my Vantage-based CMSes that it calculates account ages based on the actual day-number on which the account was opened. E.g., an account opened on May 11, 2021 turns 6 months old on November 11, 2021. I can gather evidence for this if people care.

BrutalBodyShots wrote: ↑Fri Jul 29, 2022 1:08 am

Justaguy wrote: ↑Fri Jul 29, 2022 1:01 am This theory sounds right to me. It would be redundant to ding a young file for having a single new account. They all do. They have to. By definition. The data set of newly scorable files with zero accounts — which you would need in order to determine how much additional risk is added by the additional of one new account — is empty. I don’t have any doubts about how FICO calculates account age. It’s on the first of the month. What, aside from Cassie’s friend’s unchanged score is causing y’all to question this? Vantage is different. I think I see on my Vantage-based CMSes that it calculates account ages based on the actual day-number on which the account was opened. E.g., an account opened on May 11, 2021 turns 6 months old on November 11, 2021. I can gather evidence for this if people care.

While I agree with this overall, there are Fico scoring attributes / negative reason codes that are conflating at times. For example, "too many accounts with a balance" if one has 1 revolver and 1 installment loan reporting a balance... but if one were to eliminate either balance they'd be hit with a "no revolving credit use" or "no recent installment loan activity" which would impact score more than "too many accounts with a balance." There are a lot of nuances with the algorithm that feel like a Looney Tunes classic where every time the character plugs one hole in the dam with his finger, another springs a leak.