Reply
Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Amex Backdating Question?

Here is my data Marine:

 

Installment Accounts

Installment accounts are credit accounts in which the amount of the payment and the number of payments are predetermined or fixed, such as a car loan.

Open Accounts

 
Account NameAccount NumberDate OpenedBalanceDate Reported Date of last reported update.Past DueStatus Condition of account when last updated by creditor or otherwise.Credit Limit
NAVY FCU   Show Details4300XXXX 12/2011 $3,006   12/2011  PAYS AS AGREED 
NAVY FCU   Show Details4300XXXX 03/2011 $14,639   12/2011  PAYS AS AGREED 
U S DEPARTMENT OF ED   Show Details

 

OPEN ACCOUNTS

BARCLAYS BANK DELAWA  3743XXXX 04/2011  01/2012  PAYS AS AGREED$5,000   
CHASE BANK USA, NA  4266XXXX 05/2008  12/2011  PAYS AS AGREED$1,300   
EXXON/MOBIL/CBNA  7302XXXX 09/2009  01/2012  PAYS AS AGREED$300   
FINGERHUT/METABANK 6276XXXX 10/2006  12/2011  PAYS AS AGREED$600   
FT KNOX FCU  4756XXXX 03/2011  12/2011  PAYS AS AGREED$2,000   
GECRB/WALMART  6032XXXX 12/2011  01/2012  PAYS AS AGREED$800   
MACY'S/DSNB  4405XXXX 02/2008  12/2011  PAYS AS AGREED 
NAVY FCU7009XXXX 03/2008  12/2011  PAYS AS AGREED$2,500   
NAVY FEDERAL CU  4060XXXX 03/2008  01/2012  PAYS AS AGREED$5,000   
NAVY FEDERAL CU  5140XXXX 04/2008  12/2011  PAYS AS AGREED$5,000   
PA STATE EMPL CU  8769XXXX12/2010  01/2012  PAYS AS AGREED$5,000   
PA STATE EMPL CU  8769XXXX 12/2010  01/2012  PAYS AS AGREED$5,000   
TARGET NATIONAL BANK  43458XXXX 02/2008  01/2012  PAYS AS AGREED$500   

Closed Accounts

 
Account NameAccount NumberDate OpenedBalanceDate Reported Date of last reported update.Past DueStatus Condition of account when last updated by creditor or otherwise.Credit Limit
BARCLAYS BANK DELAWA   Show Details5140XXXX 01/2008 $0   01/2012  PAYS AS AGREED$1,300   
CREDIT ONE BANK   Show Details4447XXXX 03/2006 $0   07/2011  PAYS AS AGREED$1,075   
FIRST PREMIER   Show Details4869XXXX 03/2007 $0   10/2008  PAYS AS AGREED$250   
HC CREDIT   Show Details4114XXXX 03/2007 $0   12/2011  PAYS AS AGREED$2,400   
HSBC BANK   Show Details5268XXXX 05/2010 $0   12/2011  PAYS AS AGREED$305   
HSBC BANK   Show Details4663XXXX 03/2007 $0   06/2010  PAYS AS AGREED$400   
HSBC BANK   Show Details5489XXXX 04/2004 $0   05/2010  PAYS AS AGREED

$400

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / GE Retail Credit Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009
0

Re: Amex Backdating Question?

[ Edited ]

It's very late and I will check my numbers again tomorrow but this is what I come up with. First without the two Amex cards.

 

There was no data for the Dept of Ed accounts so my numbers for AAoA come up slightly less than your reports of 3 years, 11 months. I got 3.05 years AAoA but since AAoA is rounded down for scoring it still comes out to an AAoA of 3 years. Here is how I came up with the 3.05 AAoA:

 

Total numbers of months of accounts reporting: 806. This could be off by a bit because I didn't count this month in calculations. Divide the 806 by the number of accounts (22). Again I didn't use the Dept of Ed account at all. 806/22 = 36.63. Divide 36.63 by 12 to get the number in years which is 3.05.

 

Now if you add the two Amex accounts the total number of months goes up to 1454 (806+648). Divide this by number of accounts (now 24) and you get 60.58. Divide this by 12 and the new AAoA should be around 5.05. This would round down to 5 years AAoA.

 

So I came up with basically the same result as mustang but we just used different data. IF we both did it correctly!!!  :smileyhappy: As I said it's getting late and my brain needs a rest.

 

An increase of 2 years on your AAoA is not bad at all.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

 

 

Moderator
pizzadude
Posts: 9,043
Registered: ‎01-28-2010
0

Re: Amex Backdating Question?

Congrats ! You are almost doubling your AAoA; that's one way to look at it :smileyhappy:
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Amex Backdating Question?

Hey Marine, here is my US Dept of Ed info for calculation purposes.

 

USDEPT OF ED  ACCT # 70000XXXX  DATE OPENED: 4/2003  BALANCE: 7790  DATE REPORTED: 12/2011  PAST DUE: 0   STATUS: PAYS AS AGREED

 

Thanks again,

Bobby

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / GE Retail Credit Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009
0

Re: Amex Backdating Question?


BobbyJ wrote:

Hey Marine, here is my US Dept of Ed info for calculation purposes.

 

USDEPT OF ED  ACCT # 70000XXXX  DATE OPENED: 4/2003  BALANCE: 7790  DATE REPORTED: 12/2011  PAST DUE: 0   STATUS: PAYS AS AGREED

 

Thanks again,

Bobby


The numbers won't change much with this.

 

Without the two Amex cards - Total number of months 910 divided by number of accounts 23 = 39.56 divided by 12 = 3.3 years AAoA

 

With the Amex cards added - 1558/24= 64.91/12 = 5.4 years AAoA.

 

Now I don't offer a warranty on my work  :smileyhappy:  and someone might find errors but I believe I'm very close on all this.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Frequent Contributor
BobbyJ
Posts: 302
Registered: ‎02-03-2008
0

Re: Amex Backdating Question?

Thanks again for all your input Marine and to the others as well.  I am happy about the bump in AAOA I will receive.  All is good. :-)

Fico Scores: EQ 667 (8/10/14) EX 661 (6/28/14) TU 640 (6/6/14)
New Cards after BK DC: C1 Quicksilver Plat MC $4000 (2/2014)
Survived BK Filing: Fort Knox CU Plat Visa $5000 / Lowes $7000 / HSN Card $3000 / Walmart Card $2000 / GE Retail Credit Card $2000 / Macys $800 / Target Red Card $500 / Fingerhut $600

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+