850 on 2 out of three bureaus with 11 new accounts

[getrdone1]

Found myself not happy with breaking 800 after having filed for bankruptcy in 2005...so..I decided i would try for 850..i was pleasantly surprised this month when 2 out of three bureaus felt my profile was deservant of that perfect score...that in and of itself is not quite that amazing....what is, is the fact that i had 11 new accounts in the last 2 years and 5 inquiries still on equifax and zero inquiries on transunion.. that i find a bit unusual...but i have been good the last year with only 2 inquiries on equifax..my experian score is not too far behind at 844...so, five inquiries and a lot, in my opinion, of new accounts will not keep you from a perfect score...big thanks to CGID, and my secured savings loan for about, as i remember 30 some odd points....oh!!!! i do carry a $4,000 dollar balance on one credit card..didn't need to do it but i thought i would test it...just thought i would post this info for people who might want to try for an 850 and might not feel it possible...

[SouthJamaica]

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@getrdone1 wrote:

Found myself not happy with breaking 800 after having filed for bankruptcy in 2005...so..I decided i would try for 850..i was pleasantly surprised this month when 2 out of three bureaus felt my profile was deservant of that perfect score...that in and of itself is not quite that amazing....what is, is the fact that i had 11 new accounts in the last 2 years and 5 inquiries still on equifax and zero inquiries on transunion.. that i find a bit unusual...but i have been good the last year with only 2 inquiries on equifax..my experian score is not too far behind at 844...so, five inquiries and a lot, in my opinion, of new accounts will not keep you from a perfect score...big thanks to CGID, and my secured savings loan for about, as i remember 30 some odd points....oh!!!! i do carry a $4,000 dollar balance on one credit card..didn't need to do it but i thought i would test it...just thought i would post this info for people who might want to try for an 850 and might not feel it possible...

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Fascinating. I would have thought that the new accounts and inquiries would have put 850 out of reach for the time being. Congratulations.

What are your average age of accounts and age of oldest account?

[getrdone1]

AAoA is 5.9 years and oldest account is 40.1 years thanks to backdating on 1 AMEX card...most new accounts are over 1 year old...only a secured loan in october,  a new alliant credit card and a penfed card in the last year...i was a bit surprised myself

[Anonymous]

COngratulations and very informative.

[Anonymous]

Good work. That is awesome.

[Anonymous]

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@getrdone1 wrote:

AAoA is 5.9 years and oldest account is 40.1 years thanks to backdating on 1 AMEX card...most new accounts are over 1 year old...only a secured loan in october,  a new alliant credit card and a penfed card in the last year...i was a bit surprised myself

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Of especial interest would be the age of your YOUNGEST account.  Can you tell us that... in months?

It's very possible, even likely, that the secret internal definition (used by the FICO 8 algorithm) for what constitutes a "new": account is not "less than two years" but rather "less than one year."  How many accounts do you have that are 11 months old or less?  (I think you are saying that the answer is three accounts, right?)

And how many open accounts do you have total?  And how many accounts of any kind do you have (open or closed)?

We had a thread a few months ago in which a number of people reported confirmations that they hit 850 when they had at least one account that had been opened 5 months ago or less.  So apparently the scorecard for accounts with at least one new account does not have a ceiling that prevents a person from getting an 850.  That surprised me at the time but I was pleased to learn it.

Thanks for adding to our collective knowledge base!

[Anonymous]

I was just about to ask essentially the same questions that CGID asked above.  I don't believe that accounts that are over 1 year old are scored as "new" as he suggested.  So, if of the 11 accounts you are referencing from the last 2 years only 3 of them were opened within the last year, it's fairly safe to say that only those 3 are impacting your score.  The same thing is definitely true of inquries.  While inquiries are present on your credit report for 2 years, they are only scorable for 1 year.  How many inquiries do you have that are less than 1 year old on those 2 bureaus with 850 scores?  Great data and information here, so thank you for sharing it!

[getrdone1]

youngest account was october 14th, next was a penfed on april 17th, then alliant on march 30th...last equifax inquiry was april 2....

[getrdone1]

23 accounts total now and only 2 in the last year..as i remember alliant was as of march 30 or 31...so...it would probably be correct to assume that more than one year old accounts don't count towards score either in part or in whole.. that being that  more than 10 new accounts in 2 years could keep you from an 850 score

[getrdone1]

the other intersting thing is that i had been at 850 on fico 9 since at least december..not sure if i am anymore as i only get those scores like once a year..but at last check all 3 bureaus were at 850...