Community Leader
Epic Contributor
Posts: 26,023
Registered: ‎03-19-2007
Re: Account added and no increase?

Multiple factors at play, so like all things in scoring, it depends.

First, once reported, the acct will effect your avg age of accounts.  If you AAoA prior to reporting was higher than the AAoA of this acct, it would lower your AAOA.

Having timely payments adds to score primarily due to its increasing impact on AAoA.  Lack of delinquencies is a matter of not doing harm rather than providing a direct score increase.


Second, its util is now being scored.  Since it's an installment acct, very little impact, as installments are not weighted much under bal vs loan amt.

They dont represent % util of a revolving CL or LOC.


If you already had other installments, then addition of a new one will most likely not have much affect on improving your mix of credit....