Timeline for Does the history of credit utilization affect FICO score?
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
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| Jul 18, 2023 at 13:33 | comment | added | Nobody | Keeping the details of the score formula secret likely has less to do with gaming and more to do with protecting FICO's business model of selling the score. The details that are publicly known are enough to game the scores to the extent that they are gameable, but FICO would have a hard time selling a score that anyone could calculate from the raw data. | |
| Dec 3, 2015 at 20:11 | vote | accept | Brian | ||
| Dec 3, 2015 at 20:10 | vote | accept | Brian | ||
| Dec 3, 2015 at 20:11 | |||||
| Dec 3, 2015 at 20:10 | vote | accept | Brian | ||
| Dec 3, 2015 at 20:10 | |||||
| Dec 2, 2015 at 23:26 | comment | added | ChuckCottrill | The raw credit file does not contain the credit utilization history directly; since FICO and others are calculated against recorded(reported) credit data, the score cannot include data it does not have; it cannot weave the data out of whole cloth. | |
| Dec 2, 2015 at 19:18 | comment | added | Ben Miller | @Brian Thanks, and welcome to Stack Exchange. If you consider this question answered, you can hit the check mark button next to this answer to mark it as accepted. I hope to see more questions and answers from you on this site. | |
| Dec 2, 2015 at 19:01 | comment | added | Brian | Thanks for the lucid answer! This would explain why credit scores will bounce back and forth like clock-work when the main factor that changes is credit utilization. If credit utilization history was a factor, then scores would probably be a lot less volatile and seem to converge to a certain value. | |
| Dec 1, 2015 at 6:18 | history | answered | Ben Miller | CC BY-SA 3.0 |