I'm at about 830 on Experian (Amex score) and Transunion (BofA score) with AAoA of 3 years (mixed up AAoA with credit history length of 7 years)... I have barely any inquiries which may be helping along with low util...
CreditDunce - I recently received 10k limits on Amex and Discover to go along with my Quicksilver 10k so hopefully history with these limits will help me in 4 years
CreditDunce - I recently received 10k limits on Amex and Discover to go along with my Quicksilver 10k so hopefully history with these limits will help me in 4 years
@CreditDunce wrote:No I don't believe ACL or income affects FICO. ACL and income make a difference to your starting limits. IIRC, to get approved for the CSP/CSP the OP will need 5k/10k limits. You can get an 850 FICO score with a relatively low AAoA. I am not sure the exact AAoA needed, but 5 years is certainly enough.
Hrm I don't think we've seen an 850 with less than 7 and change years AAOA, "somewhere less than 8 years" is the best number we have at the moment, though that was on what I'd call a contrived file with one 20+ year old tradeline and some new ones.
If I sell my condo next year and don't immediately buy something else, I'll try fully optimizing my file and see where it lands, though there may be a breakpoint at 4 years that I might not be able to really test.
38 months now, and I'll be basically clean and not adding tradelines when I get to 48 on EX/EQ, and with my file's thickness it'd take a lot of apps to beat my AAOA back down under 48 if I get appreciably past it (29 total tradelines on the report), but life > FICO testing.
@Revelate wrote:
@CreditDunce wrote:No I don't believe ACL or income affects FICO. ACL and income make a difference to your starting limits. IIRC, to get approved for the CSP/CSP the OP will need 5k/10k limits. You can get an 850 FICO score with a relatively low AAoA. I am not sure the exact AAoA needed, but 5 years is certainly enough.
Hrm I don't think we've seen an 850 with less than 7 and change years AAOA, "somewhere less than 8 years" is the best number we have at the moment, though that was on what I'd call a contrived file with one 20+ year old tradeline and some new ones.
If I sell my condo next year and don't immediately buy something else, I'll try fully optimizing my file and see where it lands, though there may be a breakpoint at 4 years that I might not be able to really test.
38 months now, and I'll be basically clean and not adding tradelines when I get to 48 on EX/EQ, and with my file's thickness it'd take a lot of apps to beat my AAOA back down under 48 if I get appreciably past it (29 total tradelines on the report), but life > FICO testing.
Agreed, I saw the same. I generally say 8 years AAoA as a rule of thumb ... even though 7 years 8 months is a theme that pops up relative to my profile perhaps due to my 33 years age of oldest which vastly exceeds optimal according to LN. My high age of oldest may be a problem if I go on a spree. Not much a concern dropping below 7y 8mo given my AAoA exceeds 16 years - unless I get 5 new cards and an auto loan. 
@Thomas_Thumb wrote:
@Revelate wrote:
@CreditDunce wrote:No I don't believe ACL or income affects FICO. ACL and income make a difference to your starting limits. IIRC, to get approved for the CSP/CSP the OP will need 5k/10k limits. You can get an 850 FICO score with a relatively low AAoA. I am not sure the exact AAoA needed, but 5 years is certainly enough.
Hrm I don't think we've seen an 850 with less than 7 and change years AAOA, "somewhere less than 8 years" is the best number we have at the moment, though that was on what I'd call a contrived file with one 20+ year old tradeline and some new ones.
If I sell my condo next year and don't immediately buy something else, I'll try fully optimizing my file and see where it lands, though there may be a breakpoint at 4 years that I might not be able to really test.
38 months now, and I'll be basically clean and not adding tradelines when I get to 48 on EX/EQ, and with my file's thickness it'd take a lot of apps to beat my AAOA back down under 48 if I get appreciably past it (29 total tradelines on the report), but life > FICO testing.
Agreed, I saw the same. I generally say 8 years AAoA as a rule of thumb ... even though 7 years 8 months is a theme that pops up relative to my profile perhaps due to my 33 years age of oldest which vastly exceeds optimal according to LN. My high age of oldest may be a problem if I go on a spree. Not much a concern dropping below 7y 8mo given my AAoA exceeds 16 years - unless I get 5 new cards and an auto loan.
Haha, I suspect that's more likely than my getting back under 4 years after I'm at even 4 years and 4 months... I'm headed towards to only losing 1/3 of a month AAOA for every new account I add and there's only so many I could spree before lenders started shutting me down for all the usual reasons .
Ah well someone else can test for AAOA breakpoints I guess as it's going to be lucky if I can sort it out from the random noise on a clean file since I can't really do my usual go over, spree back, go over again to confirm the breakpoint anymore.
@Thomas_Thumb wrote:Agreed, I saw the same. I generally say 8 years AAoA as a rule of thumb ... even though 7 years 8 months is a theme that pops up relative to my profile perhaps due to my 33 years age of oldest which vastly exceeds optimal according to LN. My high age of oldest may be a problem if I go on a spree. Not much a concern dropping below 7y 8mo given my AAoA exceeds 16 years - unless I get 5 new cards and an auto loan.
Even if you opened 10 new accounts, that's still going to impact a sector of scoring that comprises 15%... and it's only a portion of that 15%. No doubt your scores would drop below 850, but to what? 830? 820? No matter what, they'd still be well above the lower end of "optimal" so due to the buffer you have you'd be just fine.