12-24-2013 09:54 AM - edited 10-24-2015 09:27 AM
Found an older thread where my stats were:
FICO Score: Equifax 04 - 667 -> 705 after dropping utilization from 31% to 10%
Oldest Account: 2.5 years
AAoA: 1.2 years
Found a different thread where my stats were:
FICO Score: Equfiax 04 - 755 (last scorewatch - 10/30/2011)
Oldest Account: 4 years
AAoA: 2 years
EQ Inquiries: 1 for auto loan back in August. ( I believe NFCU pulls EQ for cards )
Highest Individual Utilization: 26%
Overall Utilization: 14% ( due to a few accounts closing for inactivity )
After reading the FICO High Achievers thread, I wanted to provide a snapshot of what my credit profile looks likes after 6 years. This is going to be in direct correlation to the "Characteristics of FICO® High Achievers (FICO scores of 760 and above)"
Oldest Account: 6 years old
Average Age of Accounts: 4 years
Newest Account: 1 Month ago
Number of accounts reporting:
Number of accounts currently being paid as agreed: 7 open accounts
Total number of accounts: 17 in total
Inquiries in last 2 years:
Experian: 3 (none within last year)
Equifax: 5 (none within last year)
Transunion: 4 (1 within last year)
Experian: unknown (Report frozen; MyFICO won't allow me to pull)
Equifax: 783 FICO (scorewatch, EQ04)
Transunion: 825 FICO (Provided by Discover when applied for new card. Range provided: 300-850, TU08)
I have been following this board for years now and have learned an enormous amount of information regarding credit, reports, example letters, etc. I have used what I know to help others improve their credit and they greatly appreciated it. These forums are amazing and I always direct people here when they need help. All in all, I would just like to say that with responsible credit usage, anyone can become a FICO High Achiever. My report is only 6 years old and thanks to this forum, I got the scores I have been aiming for! Not too bad for only being 24
12-24-2013 03:17 PM
Congrats to your success
01-01-2014 12:25 PM
Thought I'd share another well-known occurrence in regards to the number of balances reporting. Keep in mind that the overall utilization and individual utilization stayed at ~ 1%
Throughout the month of December:
1 Balance reporting: 783 FICO Score
2 Balances reporting: 778 FICO Score
3 Balances reporting: 773 FICO Score
4 Balances reporting: 768 FICO Score
End of Decemeber:
1 Balance reporting: 783 FICO (back to normal)
0 Balances reporting: 774 FICO
FICO can be quite picky, eh!?
01-06-2014 07:03 AM
01-06-2014 08:31 AM
Wow, the power of bucketing..... 6 year history, and 4 years AAoA and 825 score..... amazing.
I have the same profile as far as open tradelines, thicker file, no inquiries, no baddies, 1% uti with 1 of 6 cards reporting a balance, and more history ( 19 years and 6 year AAoA) but my scores are lower than the OP's..... because people in my bucket with 19 years history have better AAoA's.....probably 8 and up. So I'm scored lower because of that.
All just a game....
01-06-2014 09:03 AM
Kratos-TM wrote: people in my bucket with 19 years history have better AAoA's.....probably 8 and up. So I'm scored lower because of that. All just a game....
On the upside, I doubt you have been given any less than favorable credit terms because of your score...
AAOA is hard to manage, and doesn't always tell the true story anyway. For example, a couple of years ago the feds moved servicing of my wife's student loans from Direct Loans to Granite State. For six months, her report showed her 4 DL loans as closed/paid, and 4 new loans opened. Now, this is a single, hundred bucks a month payment that is near completion, but they report as 4 separate new accounts so her AAOA took a huge dive. Does that event make her less creditworthy? Apparently so.
Then, a few months later, all of a sudden her GS accounts were listed as opened in 2003 and had a duplicate payment history from the DL accounts, but the old DL ones are still there too. Now she has 8 old accounts with perfect history helping bump up her AAOA.
01-07-2014 07:33 AM
01-08-2014 09:28 AM
Maybe it is time to open a new American Express account and boost that AAoA I got my membership date from 2010 and going to wait a few years (probably) before opening a new one. Hopefully they still back date accounts in the future!
I thought of that trick, but unfortunately my AMEX card is younger than my AAoA. Man, do I wish I opened that AMEX offer I had back in high school!
01-08-2014 06:37 PM
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