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Below is a generalized illustration from FICO showing that clean and dirty are indeed evaluated differently with respect to weighting of factors. Even clean scorecards are evaluated differently one to the other but, the major differences are dirty vs clean. It is likely new accounts, as well as inquiries, could be weighed more heavily with dirty files.
Interestingly, based on the below illustration, a long credit history counts for less with dirty files.
@oilcan12 wrote:Unless I missed it, you still haven't answered the question about how much your AAoA changed.
Back in Post 4 on page 1 I mentioned that my AAoA as a result of the 3 new accounts will remain unchanged... 7 years before the spree and 7 years after the spree.
Perhaps because my file is dirty with 2 major late payments a few years back I am being penalized to a greater degree than someone with a clean file that opens 3 new accounts. That's all I can really come up with to justify the 22 point drop from 2 new accounts reporting.
@Thomas_Thumb wrote:Below is a generalized illustration from FICO showing that clean and dirty are indeed evaluated differently with respect to weighting of factors. Even clean scorecards are evaluated differently one to the other but, the major differences are dirty vs clean. It is likely new accounts, as well as inquiries, could be weighed more heavily with dirty files.
Interestingly, based on the below illustration, a long credit history counts for less with dirty files.
Interesting chart.
@Anonymous wrote:
@oilcan12 wrote:Unless I missed it, you still haven't answered the question about how much your AAoA changed.
Back in Post 4 on page 1 I mentioned that my AAoA as a result of the 3 new accounts will remain unchanged... 7 years before the spree and 7 years after the spree.
Perhaps because my file is dirty with 2 major late payments a few years back I am being penalized to a greater degree than someone with a clean file that opens 3 new accounts. That's all I can really come up with to justify the 22 point drop from 2 new accounts reporting.
Did you check to see if there were any recent updates from your derogatories?
What type of updates? They are late payments that I've been unable to remove from my reports, so they just continue to age. One is a 90 day late and the other a 120 which from my understanding don't really lose their impact after 2 years the way a 30 or 60 would. The 90 day late is coming up on 2 years and the 120 is 3.5 years old at this point. If there is a possible threshold that may pass it may be when the 90 crosses 2 years, then my last major derog will be > 2 years old. I don't anticipate any great gain there, maybe a couple of points. I don't think there's anything related to my 2 derogs that could have impacted my 22 point drop at this point. I would think the only thing with respect to them would be if I were late again (even 30 days) as it would again magnify those previous major lates.