Author Topic: LC loan credit trend statistics  (Read 8236 times)

turing

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Re: LC loan credit trend statistics
« Reply #15 on: December 17, 2014, 03:45:47 PM »
"About a quarter of people will see their credit score shift up or down by more than 20 points versus the previous three months, according to Anthony Sprauve, the spokesman for myFICO.com, the consumer education arm of FICO. Seventeen percent of scores move that much each month."

From:
http://www.bankrate.com/finance/credit/why-does-fico-credit-score-change.aspx

Credit scores change quite in small increments.  Up or down a little bit is mostly noise.  The degree of change up or down is more important than simply direction.

hoggy1

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Re: LC loan credit trend statistics
« Reply #16 on: December 17, 2014, 04:08:23 PM »
Down  31%
Flat     17% (9% unissued but I actively sell downs on folio)
Up       51%
Steve