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Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
0

Avg age lower by 3 years. How many points lost?

I dropped my average from 9 years to 6 years. I hadn't been monitoring my scores at the time. Can anyone guestimate my score before the drop assuming all other factors were the same. Thanks.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
0

Re: Avg age lower by 3 years. How many points lost?

What are your three FICO scores now? I wanna guess your scorecard and give you an answer.
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
0

Re: Avg age lower by 3 years. How many points lost?



fused111 wrote:
What are your three FICO scores now? I wanna guess your scorecard and give you an answer.



My score last year right after the average age drop was 700 with new accounts over 2 months. I know now that 30 points was for inqs and 10 points for new accounts. So probably my score before was 740 but a 740 3 years older would be I don't know. Smiley Happy Thanks for guessing.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
0

Re: Avg age lower by 3 years. How many points lost?



ilovepizza wrote:
I dropped my average from 9 years to 6 years. I hadn't been monitoring my scores at the time. Can anyone guestimate my score before the drop assuming all other factors were the same. Thanks.

A change in average-age from 9 to 6 years shouldn't be that bad. Even with an average-age of 6 years, you are still boderline FICO score high achiever with this one criteria. I would guess, and this is only a guess, less than a 15 point drop in scores.
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
0

Re: Avg age lower by 3 years. How many points lost?

It's getting hard for me to gain points. 3-4 points even is a lot to me these days. To me 15 points is a huge number. lol. Smiley Happy
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc

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