FICO score dropped

[grillandwinemaster]

All things considered being equal, it's also a possibility that OP got scorecard segmented, which could potentially explain the sudden drop in scores. Maybe his AAOFA crossed a certain threshold, or something along those lines. It's difficult to pinpoint without specific details. 

[Revelate]

---

@grillandwinemaster wrote:

All things considered being equal, it's also a possibility that OP got scorecard segmented, which could potentially explain the sudden drop in scores. Maybe his AAOFA crossed a certain threshold, or something along those lines. It's difficult to pinpoint without specific details. 

---

Yeah, possible, but it's really rare that bucketing is correct; like absurdly rare statistically on this forum as typically it just gets tossed around when ain't nobody got a clue.... and then there's usually a "oh hai, I have this on my report too" and everyone groans and life goes on sans bucketing.

Admittedly with more scorecards we'll see more changes between scorecards, and oldest account might've accounted for that, not sure that AAOA thresholds ever produce a drop, always seems to be positive when it increases and negative when it decreases by all data points which suggests that it's not a bucket item.  Was AAOFA a typo?

[Thomas_Thumb]

Best I can tell is AAoA is strictly a scoring factor, not a scorecard factor. 

On the otherhand, I am fairly certain age of oldest account  (age of file) is a scorecard factor for clean files.  Age of youngest account is more iffy but it may also be a scorecard factor for segmentation of clean files. As seen in some Fico presentations, there are indications that some level of minor delinquency may be considered "clean".

Could Fico have cleaned the dirt off a scorecard having a minor, aged, delinquency?

[Anonymous]

---

@Revelate wrote:

Do both explicitly say FICO on them?  For giggles check the Discover free score that's posted here as that explicitly is an EX FICO 8 score and freecreditscore traditionally has sold a whole bunch of crap in addition to a FICO score, I'd want to make sure I was comparing apples to apples.

The HELOC may or may not be factored into revolving utilization, not sure if the 43/45K puts it above the current line where it would get discounted or counted as installment, but if you've had it for a year it's not that... or at least probably not that, it's impossible to really state how FICO treats HELOCs right now without a lot more data which we don't have.

I'd double-check they were the same score version, and after that probably just /shrug and go on with life.  There may have been some detail in the tradelines reporting which caused it (dispute or similar) and you'd have to look with a fine tooth comb to really find it.

I will ask, do you know what your AAOA and oldest account are?  This is more to whether the HELOC is factoring in as a 30 day late from that long ago if that's your only negative shouldn't likely have your score at 706 unless you don't have much history... for example I'm above that with far worse negatives on my report without tremendously awesome history either.

---

my oldest account is 10.5 years and avarage account age 5.6 years, and i was never late on my HELOC, it was a amex card with 1k limit if it makes any difference

[Anonymous]

So it sounds like it will bery hard to put a finger on the issue. What can I do moving forward to increase my score, Ideally i want to be close to the 800s but...I dont know if I ever will get there