topic Re: Not going to make 850 and < 14 years in Understanding FICO® Scoring

Looking for 2 more points UPDATE

Meanmchine — Tue, 09 Jul 2019 02:29:45 GMT

My TU is 848 and Im trying to figure out if 850 is possible without having to wait a year or so. My AAoA is 5y 9m. Will turning AAoA 6 years, would this result in a score gain? AooA 13y 5m. TUtil <1%

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 00:14:51 GMT

I'm not sure about 72 months, but 78 months will more than likely get it done. I think I saw 3-5 points at 78 months across the 3B. There could be something at 72 months though; you'll find out soon enough.

I would say your file is in a pretty good place ot be able to obtain an 848 TU Fico 8 score with your AAoA being as low as it is. It's pretty rare to find people with an 850 with their AAoA under 7 years from what I've seen.

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 01:32:37 GMT

Had 2 old mortgages age off my reports last year. Hate when that happens. Also had a 12 year old medical finance account fall off a few months ago.

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 02:50:26 GMT

Understood. Any other old accounts falling off any time soon?

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 05:00:44 GMT

Yes I saw points at 72 months. I’ll have to go double check if it was two or three and whether it was that all bureaus though. Please report back to us and let us know when you hit 850. Are you implementing AZEO? Do you have any open loans?

@BBS we may have someone with the 850 under 14 years very soon!

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 05:48:24 GMT

No to AZEO. Only once recently did i finally get down to only 1 account reporting and no gain. I have a thread/rant here about it. Currently 4 accounts reporting balances with one of those going to $0 in a couple weeks. Next month down to 2.

Only loan is a 12 or 13 year old mortgage

I really havnt checked recently for old accounts ready to drop. Kinda dont want to know lol. I was originally going to do a couple apps til I thought this might be my only chance to snag an 850. Dont feel like having to wait another year for AoYA to age 1 year

EDIT: I am not an AU on anyone else's account although it is a tempting thought. If I did that, then Id have to acknowledge Bobby Bonds is the true home run leader and I cant muster the words to say that. Hank Aaron is still the champ

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 05:50:20 GMT

What’s your B/L on the mortgage? If it’s above 8.9% you should get points when it goes under.

You’ve got the right idea, don’t open any accounts or use any inquiries, you are about to be our lowest AooA with an 850 on record I think!

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 05:54:51 GMT

From Experian.com for TU

Open Credit Cards	13
Open Retail Cards	9
Open Real Estate Loans	1
Open Installment Loans	0
Total Open Accounts	23
Accounts Ever Late	0
Collections Accounts	0
Time Since Negative	Never
Average Account Age	5 Years 9 Months
Oldest Account	13 Years 5 Months

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 06:00:18 GMT

Score Range is from 300 to 850

FICO® SCORE8 data 6/18/2019

829

Exceptional

837

Exceptional

848

Exceptional

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 06:06:24 GMT

Ex EQ TU

Average Account Age	5 yrs 6 mos	5 yrs 8 mos	5 yrs 9 mos
Oldest Account	13 yrs	13 yrs	13 yrs 5 mos

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 06:18:49 GMT

BTW, EQ is really 837. Its been 11 days since the score changed but myFICO hasnt reported it yet

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 06:28:20 GMT

OK let me ask you a question. You said you didn’t have any luck with AZEO. Which card were you using for your AZEO card? I’d be willing to bet it was one of those retail cards wasn’t it?

If so would you please try it with a national bank card, NOT a credit union card, NOT a retail card, and NOT one with a CL >$25,000?

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 12:19:00 GMT

@Anonymous wrote:

@BBS we may have someone with the 850 under 14 years very soon!

That would be very cool. Looking forward to seeing if MM can make it happen.

Re: Looking for 2 more points

SouthJamaica — Wed, 19 Jun 2019 12:19:16 GMT

@Meanmchine wrote:
My TU is 848 and Im trying to figure out if 850 is possible without having to wait a year or so. My AAoA is 5y 9m. Will turning AAoA 6 years, would this result in a score gain? AooA 13y 5m. TUtil <1%

Wow, it's rare to see someone so close to 850 with so young an average age of accounts. I'm sure that's the attribute holding you back, so... patience. Maybe 6 years will be your lucky charm, maybe not. But either way please do report back to us.

Re: Looking for 2 more points

Anonymous — Wed, 19 Jun 2019 12:21:50 GMT

Agreed on the AAoA. I think it's 50/50 on whether or not he gets there when reaching 72 months or 78 months. BM saw a gain of a few points at 72 months and I did at 78 months, so I'd imagine that MM will see a gain at one or the other... so he could be there in 3 months or 9 months, depending.

Re: Looking for 2 more points

Meanmchine — Wed, 19 Jun 2019 12:55:08 GMT

When I tried AZEO, the balance account was either PP xtra MC or it was Discover.

Right now my balaces are on SGV $900 and WS Visa $400 (0% til 12/20)

I have a Visa card that ages 5 years old in a couple days? Any hope there for a point or 2 for that

Re: Looking for 2 more points

SouthJamaica — Wed, 19 Jun 2019 14:33:31 GMT

@Meanmchine wrote:
When I tried AZEO, the balance account was either PP xtra MC or it was Discover.

Right now my balaces are on SGV $900 and WS Visa $400 (0% til 12/20)

I have a Visa card that ages 5 years old in a couple days? Any hope there for a point or 2 for that

No, the age of any particular account, which is not your oldest account, would not have any scoring effect.

Re: Looking for 2 more points

Meanmchine — Fri, 21 Jun 2019 00:41:18 GMT

@Anonymous wrote:
Understood. Any other old accounts falling off any time soon?

Had to look. I didnt want to but I did

I have 2 13 year old credit card accounts due to age off 4/14/2020

I got 10 months to get to 850 if I can make it.

Re: Looking for 2 more points

HighAchiever — Fri, 21 Jun 2019 00:54:44 GMT

Nice numbers you got there!!!

Re: Looking for 2 more points

Anonymous — Fri, 21 Jun 2019 02:14:57 GMT

@Meanmchine wrote:
I have 2 13 year old credit card accounts due to age off 4/14/2020
I got 10 months to get to 850 if I can make it.

If you don't get there at 72 months you will at 78 months, no doubt about it in my mind. If either one is a threshold on your profile it should be good for 2-5 points, so definitely the 2 that you're looking for.

I'm not sure how thick your file is. If you compute your AAoA without those 2 accounts that are 13 years old included, what does your AAoA drop to? If you hit 850 at 72 months AAoA, you'll build up another 7 months of buffer before you hit the loss associated with those 2 older accounts dropping off. If your file is thick, it could absorb that loss and you could still be at 72 months or greater. If not, I'd imagine that you'd only be a little shy of the 72 months and would reach it again within a few months give or take.