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Established Contributor
newUser0
Posts: 937
Registered: ‎12-13-2013
0

100 Points Gone...

Hi my EQ score has dropped very rapidly. Below is the info.

 

Score - Jan 22 2014  -> 701

 

In the month of Jan and Feb, Amex Delta Gold, Bank of America card (new accounts ) reported. 

Still Chase united, Amex PRG yet to report. 

Now my AoA is showing as 0 (Hope the they don't turn into negative when the above 2 cards report)

 

My util is same still around 8%.

 

My score today is 601. Getting scared if any lenders take AA because of huge decrease?

Valued Contributor
gdale6
Posts: 9,300
Registered: ‎12-13-2013
0

Re: 100 Points Gone...


newUser0 wrote:

Hi my EQ score has dropped very rapidly. Below is the info.

 

Score - Jan 22 2014  -> 701

 

In the month of Jan and Feb, Amex Delta Gold, Bank of America card (new accounts ) reported. 

Still Chase united, Amex PRG yet to report. 

Now my AoA is showing as 0 (Hope the they don't turn into negative when the above 2 cards report)

 

My util is same still around 8%.

 

My score today is 601. Getting scared if any lenders take AA because of huge decrease?


If this is a FAKO dismiss it, it its a FICO there is something else going on, new accts & AAoA decrease does not equate to 100 pt drop

EX Cred Ses 12/14: 796 ; EX Fico 04 V2 06/14: 775; EX Fico 08 07/14 778 ; EX Fico 08 BC 11/14: 793
EQ Fico 05/14 781 ; EQ MPM 12/14: 750
TU Fico 8 12/14: 719; TU MPM 06/14 706
Established Contributor
newUser0
Posts: 937
Registered: ‎12-13-2013
0

Re: 100 Points Gone...

I have no idea if it's FAKO or FICO.

I see from www.equifax.com website (Some Primer Advantage plan )

Senior Contributor
yudeology101
Posts: 4,652
Registered: ‎06-21-2012
0

Re: 100 Points Gone...


newUser0 wrote:

I have no idea if it's FAKO or FICO.

I see from www.equifax.com website (Some Primer Advantage plan )


FAKO.

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +13more
Scores: EQ:671 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 9/12/14*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 as of 12-12-13)
Moderator
09Lexie
Posts: 26,564
Registered: ‎09-13-2012
0

Re: 100 Points Gone...


gdale6 wrote:

newUser0 wrote:

Hi my EQ score has dropped very rapidly. Below is the info.

 

Score - Jan 22 2014  -> 701

 

In the month of Jan and Feb, Amex Delta Gold, Bank of America card (new accounts ) reported. 

Still Chase united, Amex PRG yet to report. 

Now my AoA is showing as 0 (Hope the they don't turn into negative when the above 2 cards report)

 

My util is same still around 8%.

 

My score today is 601. Getting scared if any lenders take AA because of huge decrease?


If this is a FAKO dismiss it, it its a FICO there is something else going on, new accts & AAoA decrease does not equate to 100 pt drop


With an AAOA of '0' it could be a huge drop.  Between the two new accts, 4 inq's I would expect a significant drop.

Established Contributor
newUser0
Posts: 937
Registered: ‎12-13-2013
0

Re: 100 Points Gone...

Oh!!

I guess my only saver is Amex PRG reporting as Backdated to Feb 2013. It might boost my AoA by couple of Days atleast.

Moderator
09Lexie
Posts: 26,564
Registered: ‎09-13-2012
0

Re: 100 Points Gone...

That will help.  As others have mentioned FAKOs are for educational purposes. My guess would be closer to 20-35 points with AAOA less than 1

Valued Contributor
indiolatino61
Posts: 1,483
Registered: ‎11-10-2012
0

Re: 100 Points Gone...


newUser0 wrote:

Hi my EQ score has dropped very rapidly. Below is the info.

 

Score - Jan 22 2014  -> 701

 

In the month of Jan and Feb, Amex Delta Gold, Bank of America card (new accounts ) reported. 

Still Chase united, Amex PRG yet to report. 

Now my AoA is showing as 0 (Hope the they don't turn into negative when the above 2 cards report)

 

My util is same still around 8%.

 

My score today is 601. Getting scared if any lenders take AA because of huge decrease?


Wasn't there a post here a few days ago which stated that in regards to FICO scoring, there is no such thing as an AAoA of less than one year? In other words, even if you have your first new card, your AAoA will still be 1 year? Please correct me if I misunderstood, or if the post was not correct. Thanks.

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Established Contributor
newUser0
Posts: 937
Registered: ‎12-13-2013
0

Re: 100 Points Gone...

I have had, AAoA from 0 Months, 1, 2 so on... So I am pretty sure, you got some wrong info that AAoA can't be less than a year.

Valued Contributor
indiolatino61
Posts: 1,483
Registered: ‎11-10-2012
0

Re: 100 Points Gone...


newUser0 wrote:

I have had, AAoA from 0 Months, 1, 2 so on... So I am pretty sure, you got some wrong info that AAoA can't be less than a year.


That's what I figured...but I was just informed by PM that the point was that FICO scoring will not go below the 1-year level. So for instance, if FICO gives you 10 points for AAoA of 1 year, they won't give you 5 for 1/2 a year, etc. I'm sure this is all conjecture, but I was just curious if anyone could verify the original post. Thanks for your input.

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