Moderator
Revelate
Posts: 9,546
Registered: ‎12-30-2011
Re: Guess the cause of my score drop
[ Edited ]

HiLine wrote:
With the new card added, my AAoA fell to below 5 months. I had just finished an app spree, but this new account apparently brought the AAoA down to the range that FICO considers a short revolving credit history. It looks like the critical point is at 5 months or so. The penalty for falling below this must be severe, way higher than the 15 points I had lost due to another new account. :catfrustrated:

In the FICO algorithm, if your AAoA is less than a year, it's automatically calculated at a year is our understanding of it.   At least that's the way the report data is presented from various sources.

 

Really with the way it rounds down, until your AAoA >= 2 years, it's stuck at the bottom for that part of the metric, so anything under that is a wash.

 

Edit: also not sure on that short-revolving history tag, that may be as a result of new accounts rather than AAoA.  

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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