Author Topic: FICOs not really updated  (Read 4978 times)

jpildis

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FICOs not really updated
« on: October 14, 2016, 01:58:02 PM »
Here's a good one... LC is shoing that new FICOs we're pulled on 10/13 but I cannot detect any score changes.  Be careful out there.

Rob L

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Re: FICOs not really updated
« Reply #1 on: October 14, 2016, 04:21:25 PM »
May depend on where you look.
Latest FICO is included in multiple in multiple downloadable files and various online displays.
Think I saw something similar when I was doing Folio research and there were/are staleness issues.
So yeah, as the good Sergeant Esterhaus said "Let's be careful out there".

Lovinglifestyle

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Re: FICOs not really updated
« Reply #2 on: October 15, 2016, 03:28:45 AM »
I just reviewed my 2013 portfolio through Foliofn and found the FICO trend boxes had arrows, but were blank when clicked on.  I could still compare the most recent with the original, which agreed with the trends, but that was not helpful for viewing the ups and downs in between. 

On a side note, reading some of the 2013 descriptions made me miss being able to do a literacy check on the borrowers.

jpildis

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Re: FICOs not really updated
« Reply #3 on: October 15, 2016, 08:56:53 AM »
May depend on where you look.
Latest FICO is included in multiple in multiple downloadable files and various online displays.
Think I saw something similar when I was doing Folio research and there were/are staleness issues.
So yeah, as the good Sergeant Esterhaus said "Let's be careful out there".

I'm basing this on downloading the note details on my holdings.  The Last_FICO_Updated field shows 10/13/16 but the FICOs are almost all the same as they were before 10/13.

fliphusker

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Re: FICOs not really updated
« Reply #4 on: October 15, 2016, 06:33:09 PM »
As a strict folio investor I handpicked my notes and it is not uncommon to see FICO scores not change month to month. You will see FICO scores not change 4 a year. If you're not using credit cards your score is not going to change unless you go to take out a loan.
May depend on where you look.
Latest FICO is included in multiple in multiple downloadable files and various online displays.
Think I saw something similar when I was doing Folio research and there were/are staleness issues.
So yeah, as the good Sergeant Esterhaus said "Let's be careful out there".

I'm basing this on downloading the note details on my holdings.  The Last_FICO_Updated field shows 10/13/16 but the FICOs are almost all the same as they were before 10/13.

jonpildis

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Re: FICOs not really updated
« Reply #5 on: October 16, 2016, 09:12:20 AM »
As a strict folio investor I handpicked my notes and it is not uncommon to see FICO scores not change month to month. You will see FICO scores not change 4 a year. If you're not using credit cards your score is not going to change unless you go to take out a loan.
May depend on where you look.
Latest FICO is included in multiple in multiple downloadable files and various online displays.
Think I saw something similar when I was doing Folio research and there were/are staleness issues.
So yeah, as the good Sergeant Esterhaus said "Let's be careful out there".

I'm basing this on downloading the note details on my holdings.  The Last_FICO_Updated field shows 10/13/16 but the FICOs are almost all the same as they were before 10/13.
This is different... not a single note (out of over 2000) shows a change.  LC updated the 'Last Updated Date' but not the actual scores.  Trust me on this... I've been re-arranging my portfolio based on monthly FICO updates for the last 3 years.  This month is unique.
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Jon Pildis
BlueVestment LLC

Fred93

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Re: FICOs not really updated
« Reply #6 on: October 16, 2016, 03:29:19 PM »
This is different... not a single note (out of over 2000) shows a change.  LC updated the 'Last Updated Date' but not the actual scores.  Trust me on this... I've been re-arranging my portfolio based on monthly FICO updates for the last 3 years.  This month is unique.

Have you reported this problem to LC?

jpildis

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Re: FICOs not really updated
« Reply #7 on: October 17, 2016, 08:35:54 AM »
This is different... not a single note (out of over 2000) shows a change.  LC updated the 'Last Updated Date' but not the actual scores.  Trust me on this... I've been re-arranging my portfolio based on monthly FICO updates for the last 3 years.  This month is unique.

Have you reported this problem to LC?
I've tried that before and it always becomes a fool's errand.  The LC folks I've talked to in the past were very nice but their grasp of what we, as active investors, need out of their data has been quite uninspiring.

fliphusker

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Re: FICOs not really updated
« Reply #8 on: October 17, 2016, 05:41:42 PM »
My apologies for not being on the same page as you.  I wish I still had the email of the very super nice lady I talked with from LC when they called about my questions. 
A question I pose to you though as your concerned about FICO scores, when do you actually worry about a FICO drop? 

jpildis

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Re: FICOs not really updated
« Reply #9 on: October 19, 2016, 10:26:03 AM »
Just checked and FICO's still don't appear to be updated.  I submitted a ticket with LC but have yet to hear back.

Lovinglifestyle

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Re: FICOs not really updated
« Reply #10 on: October 19, 2016, 01:12:07 PM »
At least the Folio charts are back.  Yes, the 9-16 and 10-16 scores are often the same, which is understandable.   However, one oddity today had an extra 10-16 score-dot between those two that was higher than 9-16 and the second 10-16!!
« Last Edit: October 19, 2016, 01:25:47 PM by Lovinglifestyle »

jpildis

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Re: FICOs not really updated
« Reply #11 on: October 19, 2016, 02:45:49 PM »
Here's the response from LC:

"Thank you for your email. We apologize for any inconvenience that this issue may have caused and we appreciate you taking the time to reach out to us.

Please know that we are aware that FICO scores were not updated and we have escalated this issue to the appropriate team. We hope to have a resolution as soon as possible and we appreciate your patience. As soon as this issue is fixed, we will reach out to provide you with an update.

If you have any questions in the interim, please feel free to let us know."

jpildis

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Re: FICOs not really updated
« Reply #12 on: October 22, 2016, 10:06:07 AM »
FICOs now updated

Lovinglifestyle

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Re: FICOs not really updated
« Reply #13 on: October 22, 2016, 03:08:09 PM »
Thanks!  What a difference.  Lots of work to do now.