topic Re: Oldest account hits 3 yrs scores drops up to 22 points in Understanding FICO® Scoring

Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 21:13:02 GMT

Me and DW both hit 3 years for oldest account age and had significant score drops. I had one drop 20 and DW had one drop 15 and two drop 22 points. I checked hers and mine less than 2 weeks ago and no balances or inquiries have changed since then. I don't see any other changes. Any thoughts on this? Rebucket at 3 years?

Re: Oldest account hits 3 yrs scores drops up to 22 points

JoeLuvsHisCredit — Sat, 01 Dec 2018 22:06:32 GMT

Do you at least have one card report with a balance? If not that could be the reason?

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 22:24:53 GMT

Yes.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Pikaboo-icu — Sat, 01 Dec 2018 22:26:56 GMT

@Poppa wrote:
Me and DW both hit 3 years for oldest account age and had significant score drops. I had one drop 20 and DW had one drop 15 and two drop 22 points. I checked hers and mine less than 2 weeks ago and no balances or inquiries have changed since then. I don't see any other changes. Any thoughts on this? Rebucket at 3 years?

Where are you getting the scores from?

Are they true Fico scores? Or Fako scores from Credit Karma etc... ?

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 22:28:05 GMT

CCT Fico 8 scores

Re: Oldest account hits 3 yrs scores drops up to 22 points

RonM21 — Sat, 01 Dec 2018 22:29:43 GMT

Op, something else has to be off. An account growing in age would not be a reason for a score drop of 22 points. If anything, assuming literally nothing else changed with the profile, it would have positive impact.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 22:32:18 GMT

I've heard of this happening from rebucketing

Re: Oldest account hits 3 yrs scores drops up to 22 points

JoeLuvsHisCredit — Sat, 01 Dec 2018 22:53:23 GMT

@Poppa wrote:
I've heard of this happening from rebucketing

i haven't if i was you i would look very close to your past and current reports and look at dates anything different etc. Any new lates? So Sorry OP

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 23:02:01 GMT

I haven't seen anything on either mine or hers. It happened to both of us. Nothing showing on CCT or Discover's Experian scorecard or Experian's website or Wallethub or Credit Karma etc...I check our credit continuously.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Pikaboo-icu — Sat, 01 Dec 2018 23:18:36 GMT

@Poppa wrote:
I haven't seen anything on either mine or hers. It happened to both of us. Nothing showing on CCT or Discover's Experian scorecard or Experian's website or Wallethub or Credit Karma etc...I check our credit continuously.

Since it happened to both of you, the first thing I would scrutinize are joint accounts.

Credit cards, loans etc... something has changed.

I wouldn't be using alerts to figure this out. Pull your reports from: https://www.annualcreditreport.com/index.action

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 23:29:47 GMT

The first thing I did was check the mortgage but it's paid.

Re: Oldest account hits 3 yrs scores drops up to 22 points

JoeLuvsHisCredit — Sat, 01 Dec 2018 23:44:47 GMT

@Poppa wrote:
The first thing I did was check the mortgage but it's paid.

I am making sure you didn't "just" paid off a installment loan? If so that will cause the points lost if you don't have a open installment loan

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Sat, 01 Dec 2018 23:47:59 GMT

No the house is far from paid off bought it in March

Re: Oldest account hits 3 yrs scores drops up to 22 points

Anonymous — Sun, 02 Dec 2018 04:34:23 GMT

I have not personally seen an instance where someone was rebucketed and saw a 22 point score drop from their file aging. If anyone else has seen this, I'd enjoy hearing about it.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Queen_Etherea — Mon, 03 Dec 2018 21:25:16 GMT

Yeah I'm with everyone else on this. Something else changed that you just didn't notice. My oldest account went from 11 years 11 months to 12 years on the first of this month and my score went UP 20 points. My AAoA also went from 1 year 11 months to 2 years. So this would almost certainly result in an increase.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Tue, 04 Dec 2018 05:23:32 GMT

Me and my wife's credit both turned 3 years old the same day. We both had these drops. The only account we share is our mortgage which is current. She hasn't opened an account or gotten an inquiry since March. She had the biggest drops. I see 2 seperate accounts with 1 change in common. Seems to me that the 1 thing in common has a chance of being the reason.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Anonymous — Tue, 04 Dec 2018 05:32:31 GMT

And what is that 1 thing?

Re: Oldest account hits 3 yrs scores drops up to 22 points

Poppa — Tue, 04 Dec 2018 06:18:24 GMT

@Poppa wrote:
Me and my wife's credit both turned 3 years old the same day.

Re: Oldest account hits 3 yrs scores drops up to 22 points

Anonymous — Tue, 04 Dec 2018 07:24:49 GMT

Following this juicy mystery

Re: Oldest account hits 3 yrs scores drops up to 22 points

NRB525 — Tue, 04 Dec 2018 12:52:41 GMT

@Poppa wrote:
@Poppa wrote:
Me and my wife's credit both turned 3 years old the same day.

Indeed a mystery.

OP can you list out all accounts separately for both of you?

Every last account, Credit cards, mortgage, any other loans. Include month/year opened, limit, balance on last statement.

To be clear, the first credit account you each ever EVER got was three years ago? Any other credit of any kind prior to 12/2015?

Any closed accounts at any point in time?

Any disputes you placed in the past on any items, credit or otherwise, in your credit file?

Are you only getting scores from CCT, or do any cards you have provide FICO 8 score? Discover? AMEX? Chase Slate?