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Established Contributor
Posts: 619
Registered: ‎09-26-2011
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I've decided "understanding FICO" is an oxymoron

Got a SW update today. My recent GW letter worked, removing an account that was reporting 9 months of up to 150 days late in 2007. I was SO excited that I was finally going to be in the 700 club.  It was worth a whopping 3 points, bringing me to 697.  Granted, I may have been rebucketed, but I do still have 2x 60 and a handful of 30s from that same time period.  Util didn't change any, nothing else did.  BTW, util is at 22%, so I know when that comes down after the statement cuts next week, it should be enough to bump me over 700, but sheesh, what does it take???

Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: I've decided "understanding FICO" is an oxymoron

How old was the account in relation to your AAoA? In other words, could AAoA have dropped as a result of the loss of history? For example, maybe you gained 20 for the dropped baddie, but lost 17 due to impact in history thereby resulting in a net gain of 3 (with everything else being equal).

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Posts: 13,249
Registered: ‎04-15-2011
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Re: I've decided "understanding FICO" is an oxymoron

I know, but any baddie removed is a good thing, now your score can grow.



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Posts: 619
Registered: ‎09-26-2011
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Re: I've decided "understanding FICO" is an oxymoron


llecs wrote:

How old was the account in relation to your AAoA? In other words, could AAoA have dropped as a result of the loss of history? For example, maybe you gained 20 for the dropped baddie, but lost 17 due to impact in history thereby resulting in a net gain of 3 (with everything else being equal).


OK, so I went back to research this and my AAoA dropped by .2 years, so from 5.2 to 5 on EQ and 4.8 to 4.6 on TU/EX (according to USAA CMS). I wouldn't think that would matter all that much in the scheme of things.  I'm hoping to get my util down next week and see what kind of bump that gets me.  I pulled TU from here today and at least it was 726!!! woo-hoo!

Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)

Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
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Re: I've decided "understanding FICO" is an oxymoron

Just keep doing what you are doing and you will get there!!
STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
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