topic Re: When should I expect change in score in Understanding FICO® Scoring

When should I expect change in score - UPDATED

MakingProgress — Thu, 14 Feb 2019 16:34:08 GMT

On 2/10/19 I will have 2 inq on EQ and EX, & 1 on TU passing the 1 year mark and becomming unscorable. At this same time my AoYA will pass the one year mark.

Based on those factors will my scores change within a few days of 2/10 or will I need to wait until March to see any changes in my scores?

Re: When should I expect change in score

Anonymous — Thu, 31 Jan 2019 17:08:55 GMT

Age is calculated by FICO based on the 1st of the month. Therefore any age-related benefit will materialize either by Feb 2 or March 2.

Inquiries are different. The received wisdom here is that you get the scoring benefit 366 days after the date of the inquiry (if any benefit is forthcoming, that is).

In either case, bear in mind that the score may change without an alert being sent to you. (In fact I am pretty sure that neither event is alertable.)

Re: When should I expect change in score

MakingProgress — Thu, 31 Jan 2019 17:21:18 GMT

@Anonymous wrote:
Age is calculated by FICO based on the 1st of the month. Therefore any age-related benefit will materialize either by Feb 2 or March 2.

Inquiries are different. The received wisdom here is that you get the scoring benefit 366 days after the date of the inquiry (if any benefit is forthcoming, that is).

In either case, bear in mind that the score may change without an alert being sent to you. (In fact I am pretty sure that neither event is alertable.)

So it would make sense to pull my scores on 2/11 or 2/12 to see what if any impact those events have on my score, and then possibly again on or after 3/2.

Re: When should I expect change in score

SouthJamaica — Thu, 31 Jan 2019 17:34:14 GMT

@MakingProgress wrote:
@Anonymous wrote:
Age is calculated by FICO based on the 1st of the month. Therefore any age-related benefit will materialize either by Feb 2 or March 2.

Inquiries are different. The received wisdom here is that you get the scoring benefit 366 days after the date of the inquiry (if any benefit is forthcoming, that is).

In either case, bear in mind that the score may change without an alert being sent to you. (In fact I am pretty sure that neither event is alertable.)
So it would make sense to pull my scores on 2/11 or 2/12 to see what if any impact those events have on my score, and then possibly again on or after 3/2.

That would cost you an awful lot of money.

Re: When should I expect change in score

MakingProgress — Thu, 31 Jan 2019 17:48:56 GMT

@SouthJamaica wrote:
@MakingProgress wrote:
@Anonymous wrote:
Age is calculated by FICO based on the 1st of the month. Therefore any age-related benefit will materialize either by Feb 2 or March 2.

Inquiries are different. The received wisdom here is that you get the scoring benefit 366 days after the date of the inquiry (if any benefit is forthcoming, that is).

In either case, bear in mind that the score may change without an alert being sent to you. (In fact I am pretty sure that neither event is alertable.)
So it would make sense to pull my scores on 2/11 or 2/12 to see what if any impact those events have on my score, and then possibly again on or after 3/2.
That would cost you an awful lot of money.

not really, I can use the EX $1 free trial replacement for CCT.

Re: When should I expect change in score

SouthJamaica — Thu, 31 Jan 2019 18:07:53 GMT

@MakingProgress wrote:
@SouthJamaica wrote:
@MakingProgress wrote:
@Anonymous wrote:
Age is calculated by FICO based on the 1st of the month. Therefore any age-related benefit will materialize either by Feb 2 or March 2.

Inquiries are different. The received wisdom here is that you get the scoring benefit 366 days after the date of the inquiry (if any benefit is forthcoming, that is).

In either case, bear in mind that the score may change without an alert being sent to you. (In fact I am pretty sure that neither event is alertable.)
So it would make sense to pull my scores on 2/11 or 2/12 to see what if any impact those events have on my score, and then possibly again on or after 3/2.
That would cost you an awful lot of money.
not really, I can use the EX $1 free trial replacement for CCT.

OK I stand corrected. Even by my standards $1 is not an awful lot of money

Re: When should I expect change in score

Anonymous — Thu, 31 Jan 2019 18:39:39 GMT

You will see the AoYA bump on 2/1 (provided the account was open in Feb) and inquiry bumps on 2/10, if you pull (Experian trial) on 2/11, you won't be able to differentiate AoYA from inquiry bumps. I would pull on 2/6 to catch AoYA, then carry the 7 day trial through 2/13 so you'll have daily Experian update on 2/10.

Re: When should I expect change in score

MakingProgress — Thu, 31 Jan 2019 19:29:41 GMT

@Anonymous wrote:
You will see the AoYA bump on 2/1 (provided the account was open in Feb) and inquiry bumps on 2/10, if you pull (Experian trial) on 2/11, you won't be able to differentiate AoYA from inquiry bumps. I would pull on 2/6 to catch AoYA, then carry the 7 day trial through 2/13 so you'll have daily Experian update on 2/10.

I'm really only concerned with the final outcome, so one pull should do it as long as both events are calculated into the scoring.

Re: When should I expect change in score

Anonymous — Thu, 31 Jan 2019 19:47:05 GMT

If you don't care about isolation, then yes a pull on 2/11 should capture all.

Re: When should I expect change in score - Updated

MakingProgress — Thu, 14 Feb 2019 16:41:46 GMT

I pulled my scores on 2/1 and saw an increase due to AoYA passing one year.

My EX had been stagnent at 726 for several months. It went up to 729.

On 2/10 I had 2 inq become unscorable. This left no scorable inq on EX. On 2/11 I apped for 3 new cards, and 2 inq hit EX.

I pulled my EX again on 2/11 and score was still 729.

Barclay's reported a new account to EX on 2/13, so I pulled my EX score this morning and my score was still 729, AoYA did show as 0 months. I would have expected the score to drop with the new account. We will see what happens when the other two new accounts report.

Re: When should I expect change in score - Updated

Anonymous — Thu, 14 Feb 2019 17:01:37 GMT

Two things don't sound as I would expect them to from your post above:

AoYA increase from 11 months --> 12 months only yielding a 3 point increase.
AoYA decreasing from 12 months --> 0 months resulting in a 0 point decrease.

Were you able to pull your scores on 2/10 when you were at 0 scoreable inquiries? If not, you went from 2 scoreable inquiries to 0 for a day, then back to 2 the following day. If you did not pull your scores on the middle day, you would expect to see no increase/decrease to your EX scores based on inquiries, as you would have had 2 scoreable both times.

Re: When should I expect change in score - Updated

MakingProgress — Thu, 14 Feb 2019 17:30:05 GMT

@Anonymous wrote:
Two things don't sound as I would expect them to from your post above:

AoYA increase from 11 months --> 12 months only yielding a 3 point increase.
AoYA decreasing from 12 months --> 0 months resulting in a 0 point decrease.
Were you able to pull your scores on 2/10 when you were at 0 scoreable inquiries? If not, you went from 2 scoreable inquiries to 0 for a day, then back to 2 the following day. If you did not pull your scores on the middle day, you would expect to see no increase/decrease to your EX scores based on inquiries, as you would have had 2 scoreable both times.

no I didn't pull on 2/10, so yes the inq become a wash. As far as the increase I only say a 1pt increase in TU and a 4pt increase in EQ.

I also would have thought that with new account reporting and AoYA resetting to 0 I would have seen a drop back down. There must be something else happening that I am missing.

Re: When should I expect change in score - Updated

Anonymous — Thu, 14 Feb 2019 19:13:59 GMT

@MakingProgress wrote:
I also would have thought that with new account reporting and AoYA resetting to 0 I would have seen a drop back down. There must be something else happening that I am missing.

I would have thought that as well, but if you didn't gain much for your AoYA reaching 12 months for whatever reason, it makes sense that you wouldn't lose much for it dropping back below 12 months. I can't say that I've seen that before, though, although it could be scorecard assignment related. Hopefully others have more info on this.