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Is there any significant bump in score when aaoa changes from 5 to 6 years ?
I don't know if one would change buckets when going from 5 years AAoA to six. If so, there may be a change, although not significant I wouldn't think.
If you have a major derogatory on your report, then certainly not significant.
AAoA is in a scoring category with a 15% weight, and going from 5 to 6 years is not a big breakthrough, so I wouldn't expect much change.
The other angle is the one mentioned above -- sometimes certain changes cause you to be put in a different bucket.
@tmoney wrote:Is there any significant bump in score when aaoa changes from 5 to 6 years ?
No.
Contrary to my learned collegues opinions -- I have seen evidence (not anecdotal) from another website that shall remain nameless. A poster there had researched and tested the algorithms to see their outcomes. Indeed, a user will get a decreasing increase to their scores as your AAoA grows. What he found was there the algorithms (which are supposed to secret) produced score bumps at 6mth, 1 yr, 2 yr, 5 yr, 10yr and 15 yr. with the greatest effect upon reaching the first steps. What kind of increase would you get at the 5 year anniversary -- probably only a few points.
No I won't post the link.The last time I did, the post was deleted because unknown to me the website apparently also promotes illegal ways of debt reduction.
Now for the anecdotal story - mine! Equifax recently calculated my AAoA as 5 years. Since I check my score weekly, I can determine with reasonable accuracy what the reason was for the score change. I had one inquiry aged 2 years and so it dropped off at the same time as the aniversary. The score change was 7 points. You're mileage may vary but a score change of few points is not significant.
I find that bumps from AAoA aging happens in small increments as the profile ages. No significant bumps at certain times. That is just what I have seen with my own report though.