Understanding FICO® Scoring

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: How soon before recent inquiries reflect in score?

Options

‎12-10-2011 06:19 PM

TilltedBrim wrote:

Thank you all for the wonderful information... I had no idea that AAoA has such a tremendous effect on your FICO score.  Now I'm starting to wonder what the averages are that lenders consider bad.  I'm going to work on figuring my AAoA's up as soon as time permits.  Thank you


I can't answer that but I can tell you that FICO High Achievers (760+ score) have on average an AAoA of 6 to 12 years. You can go here to read more about FICO High Achiever Characteristics.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Message 11 of 12 (331 Views)
 
Reply
Valued Contributor
drkaje
Posts: 2,909
Registered: ‎07-25-2008

Re: How soon before recent inquiries reflect in score?

Options

‎12-10-2011 06:24 PM

Last inquiry cost me 5 points.

 

Account has yet to post.

Starting Score: 675
Current Score: EX 753 FICO, EQ 750 FICO
Goal Score: 776 FICO

Take the FICO Fitness Challenge
Message 12 of 12 (329 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+