topic Re: Credit score up 20 points when my newest account is 6 months old in Understanding FICO® Scoring

Credit score up 20 points when my newest account is 6 months old

folks19 — Fri, 10 Jul 2020 03:28:35 GMT

Recently, I got to a point where my newest account was 6 months old, and my score went up by over 20 points. Did anybody also have this when your newest account got 6 months old?

Re: Credit score up 20 points when my newest account is 6 months old

AllZero — Fri, 10 Jul 2020 03:37:45 GMT

Congratulations on score increase. There are data points that would suggest score increase at 3, 6 or 9 months depending on the credit profile. Definitely, when AoYRA reaches 12 months.

I would recommend reading the below from Birdman7
General Scoring Primer and Version 8 Master Thread rev.5.17.20

Re: Credit score up 20 points when my newest account is 6 months old

Anonymous — Fri, 10 Jul 2020 05:24:29 GMT

And the 3-6-9 award is only at TU, I believe.

OP, which bureau? And are these fico scores or fako scores?

Re: Credit score up 20 points when my newest account is 6 months old

Anonymous — Fri, 10 Jul 2020 05:26:33 GMT

And as @AllZero said, it depends on the scorecard, usually young cards.

Re: Credit score up 20 points when my newest account is 6 months old

folks19 — Fri, 10 Jul 2020 16:50:49 GMT

@Anonymous wrote:
And the 3-6-9 award is only at TU, I believe.

OP, which bureau? And are these fico scores or fako scores?

All bureaus, and it was for FICO in EX and vantage score for TU and EQ. Those are just the scores I have access to.

Re: Credit score up 20 points when my newest account is 6 months old

Anonymous — Fri, 10 Jul 2020 17:51:56 GMT

Let me be the 1st to tell you that your Vantage scores are basically meaningless. CK is great to view your data, but ignore the score.

What was the change in fico score at Experian? And @AllZero will be happy to tell you how you can get your scores for almost nothing or free I’m sure!

Re: Credit score up 20 points when my newest account is 6 months old

AllZero — Fri, 10 Jul 2020 17:55:05 GMT

$1 you can obtain your 3 bureau FICO 8 scores and reports at Experian or CreditCheckTotal (part of Experian). Cancel in 7 day or less to avoid the re-occurring monthly charge. Wash, Rinse, and Repeat as needed.

AnnualCreditReport. Free weekly 3 bureau online reports through April 2021.

UNOFFICIAL LIST of credit cards and which score they provide

Re: Credit score up 20 points when my newest account is 6 months old

folks19 — Sun, 12 Jul 2020 03:41:21 GMT

@Anonymous wrote:
Let me be the 1st to tell you that your Vantage scores are basically meaningless. CK is great to view your data, but ignore the score.

What was the change in fico score at Experian? And @AllZero will be happy to tell you how you can get your scores for almost nothing or free I’m sure!

The change to the FICO score was also a bit over 20 points. I know that CK score is almost meaningless, but the thing is that is wasn't only in CK that this happened. It happened also to my FICO score.

Re: Credit score up 20 points when my newest account is 6 months old

folks19 — Sun, 12 Jul 2020 03:44:44 GMT

@AllZero wrote:
$1 you can obtain your 3 bureau FICO 8 scores and reports at Experian or CreditCheckTotal (part of Experian). Cancel in 7 day or less to avoid the re-occurring monthly charge. Wash, Rinse, and Repeat as needed.

AnnualCreditReport. Free weekly 3 bureau online reports through April 2021.

UNOFFICIAL LIST of credit cards and which score they provide

I'm not sure if there's a need because i already get a free EX fico score on the Experian app every month, and I also get a free TU fico score from another place, so it's only the EQ which i would need to pay for, and I don't think that's worth it because I already have the data from CK and I can compair with my other scores based on the information on my report.

Re: Credit score up 20 points when my newest account is 6 months old

Anonymous — Sun, 12 Jul 2020 13:36:57 GMT

@folks19 wrote:
Recently, I got to a point where my newest account was 6 months old, and my score went up by over 20 points. Did anybody also have this when your newest account got 6 months old?

I sure did - up +7 to as much as +29 points, across all 3 CRAs and 28 FICO scores: see this post for a table of all score changes.

+9 to +12 on the 3 Classic 8 scores, and +12 to +26 on the mortage scores.

If your profile is under 3 years like mine, expect something good every 3 months. AAoA at 9mo and 1yr6mo on TU 8 is good for +7.

Re: Credit score up 20 points when my newest account is 6 months old

Anonymous — Sun, 12 Jul 2020 23:33:52 GMT

@folks19 what are all your aging metrics please?