topic Re: Score boost? in Understanding FICO® Scoring

Score boost?

Anonymous — Mon, 31 Dec 2018 18:26:44 GMT

Is there a score boost when your oldest account crosses the one year mark? My oldest account will be one year in March. My youngest account won't cross until June.
Data points:
Clean score cards
Disco card 120/1800
Oregon state credit union visa 0/1000
Oregon state credit union loan 133/1000
2 inquiries on EQ only

Re: Score boost?

Anonymous — Mon, 31 Dec 2018 21:55:30 GMT

@Anonymous wrote:
Is there a score boost when your oldest account crosses the one year mark?

There definitely is for your youngest account, usually to the tune of 20 points give or take. While I'm not sure on AoOA reaching 12 months, shooting from the hip I'd think the FICO algorithm would see that as mildly significant, so a score increase could be in store. I'd be curious to hear from others that have tested the before/after of AoOA going from 11 months --> 12 months though for sure.

Re: Score boost?

Remedios — Mon, 31 Dec 2018 21:59:01 GMT

For me it was 5 points, nothing special really.

Re: Score boost?

Anonymous — Mon, 31 Dec 2018 22:52:41 GMT

Thanks BBS and Remedios
5 points would be enough to make me happy lol. I am reallllly wanting my mortgage scores to stop being so stagnant 😔