topic F8 gains for late aging or AoORA? in Understanding FICO® Scoring

F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 00:37:47 GMT

Good day all.

Yesterday (2/1) I woke up to some awesome gains across all 3 bureaus for F8. I'm trying to figure out if these gains were from my AoORA or from a 7/20 late aging. Pulled 3B reports to analyze and nothing has changed. Guessing it's an age increase of some sort because there was no change in reporting and the increase on all 3B's was on the 1st of Feb. Nothing aged off my report and utilization was kept the same since last reporting. Hoping someone has any idea as to what could've caused the awesome increase since I can't figure it out.

EX + 29

TU + 19

EQ + 18

Since I started my rebuild in October, I've managed to gain 150+ points for all 3B's and I've been trying to analyze and understand what causes increase/decrease in FICO scores. Opened a couple of CC's since then to help the rebuild.

Synchrony Car Care 10/20

Cap One Platinum 11/20

Discover 1/21 (reported 1/24/21)

Currently gardening my lines until mortgage time mid next year. Just thought I'd get some feedback as to whether these gains were caused from a revolver aging or from a 7/20 late aging.

I don't believe I hit an AAoA threshold. AAoA is 5yrs 8mo. I've kept aggregate and individual utilization the same since November with the exception of the new Discover card, but that was reported prior to the increase. Because I'm not 100% positive on how recent a DQ has to be for recency on scorecard, I am not sure if I'm in the dirty/delinquent/recent or dirty/delinquent/mature scorecard. Maybe someone can help answer that also.

Aggregate is 9% (counting 2 AU cards).

Cap One is 1%

Discover 9%

Synchrony 1%

AU cards

TD 10%
CITI 9%

Also have 2 installments, but also don't believe any thresholds were crossed on those as I have over 90% on them (both opened in 11/20).

Gunning for AZEO this next reporting cycle to see how that pans out.

If anyone needs more info let me know!

Edited Typos

Correction sorry, long day. 1st installment opened 9/28/20 and second in 11/20.

Re: F8 gains for late aging or AoORA?

Anonymous — Tue, 02 Feb 2021 23:21:03 GMT

@Anonymous wrote:

Good day all.

Yesterday (2/1) I woke up to some awesome gains across all 3 bureaus for F8. I'm trying to figure out if these gains were from my AoORA or from a 7/20 late aging. Pulled 3B reports to analyze and nothing has changed. Guessing it's an age increase of some sort because there was no change in reporting and the increase on all 3B's was on the 1st of Feb. Nothing aged off my report and utilization was kept the same since last reporting. Hoping someone has any idea as to what could've caused the awesome increase since I can't figure it out.

EX + 29
TU + 19
EQ + 18

Since I started my rebuild in October, I've managed to gain 150+ points for all 3B's and I've been trying to analyze and understand what causes increase/decrease in FICO scores. Opened a couple of CC's since then to help the rebuild.

Synchrony Car Care 10/20
Cap One Platinum 11/20
Discover 1/21 (reported 1/24/21)

Currently gardening my lines until mortgage time mid next year. Just thought I'd get some feedback as to whether these gains were caused from a revolver aging or from a 7/20 late aging.

I don't believe I hit an AAoA threshold. AAoA is 5yrs 8mo. I've kept aggregate and individual utilization the same since November with the exception of the new Discover card, but that was reported prior to the increase. Because I'm not 100% positive on how recent a DQ has to be for recency on scorecard, I am not sure if I'm in the dirty/delinquent/recent or dirty/delinquent/mature scorecard. Maybe someone can help answer that also.

Aggregate is 9% (counting 2 AU cards).

Cap One is 1%
Discover 9%
Synchrony 1%

AU cards
TD 10%
CITI 9%

Also have 2 installments, but also don't believe any thresholds were crossed on those as I have over 90% on them (both opened in 11/20).

Gunning for AZEO this next reporting cycle to see how that pans out.

If anyone needs more info let me know!

Edited Typos

@Anonymous lates age at 6 months, 12 months, 18 months, and at 24 months scorecard change from the most recent. You would be dirty/delinquent/recent. What is the age of your oldest Revolving Account? What's the age of your oldest loan and oldest open loan? How many accounts do you have?

Re: F8 gains for late aging or AoORA?

Anonymous — Tue, 02 Feb 2021 23:22:26 GMT

Also when was your previous score pull from? How much time elapsed?

Re: F8 gains for late aging or AoORA?

Anonymous — Tue, 02 Feb 2021 23:32:07 GMT

I think the OP is on the right track in thinking it has to do with an aging metric since the score gains came on the 1st of the month. Which it could be, I am not sure.

Re: F8 gains for late aging or AoORA?

Anonymous — Tue, 02 Feb 2021 23:42:56 GMT

Very likely.

Re: F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 00:13:09 GMT

@Anonymous

Age of oldest closed revolving account would be 7 years this month 2/1/21

Age of oldest active revolving accounts is 4 months. Opened 10/20

Age of oldest closed installment is 9 years 11 months.

Age of oldest open installment 5 months on 2/28. Opened 9/28/20

14 accounts

8 open (5 revolving 2 install 1 other)

6 closed (3 revolving 3 installments)

Pulled my 3B/F8 on 2/1/21

Prior to 3B pull it was daily Experian FICO pulls and 1/21/21 3B

Edit: I take it back. Prior to my 3B pull on 2/1 it was on 1/27 for MyFico subscription. So it's a 5 day lapse on the 3 F8 pull. I got the F8 increase on the 1st for Experian, so I paid for the refresh for the other 2 F8 same day (2/1). So all 3 F8 increases happened on 2/1 for sure, just not sure exactly what triggered it .

Edited accounts open/closed for typo

Re: F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 01:06:04 GMT

7 year threshold age of oldest Revolving Account, I believe.

@Anonymous @AllZero @M_Smart007 @Anonymous @Slabenstein @thornback @Anonymous

Re: F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 01:28:40 GMT

@Anonymous

So there's a threshold for closed revolvers?

That's what can cause such a significant F8 increase?

I figured threshold increases can be worth a few points, but 20+ points for a closed revolver at 7 years seems insignificant tbh.

Re: F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 01:30:23 GMT

I imagine the threshold exists for either a closed or open revolver, so basically 7 years from the first time a revolver is opened that threshold is reached, even if it was closed the day after it was opened.

Re: F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 01:43:31 GMT

Exactly it has nothing to do with whether it’s open or closed it’s just the the oldest Revolver.

Re: F8 gains for late aging or AoORA?

Anonymous — Wed, 03 Feb 2021 01:44:40 GMT

@Anonymous wrote:
@Anonymous

So there's a threshold for closed revolvers?

That's what can cause such a significant F8 increase?

I figured threshold increases can be worth a few points, but 20+ points for a closed revolver at 7 years seems insignificant tbh.

@Anonymous we are actually learning these thresholds and you just contributed a new data point. There are many things that can cause score improvement or decline and this is simply one of them. Congratulations!

Re: F8 gains for late aging or AoORA?

Anonymous — Sat, 20 Feb 2021 16:15:52 GMT

@Anonymous

I think I figured out why the significant gain. So Idk how, but I missed that I had a 60D on 2/19. So as of 2/21, it was 24 months. Now, not sure if the age of oldest revolver had any influence, but I do believe that most of the score gains derived from the 24 month aged 60D. I completely missed that late from 2/19 but that makes sense.

Re: F8 gains for late aging or AoORA?

Anonymous — Sat, 20 Feb 2021 18:11:06 GMT

@Anonymous wrote:
@Anonymous

I think I figured out why the significant gain. So Idk how, but I missed that I had a 60D on 2/19. So as of 2/21, it was 24 months. Now, not sure if the age of oldest revolver had any influence, but I do believe that most of the score gains derived from the 24 month aged 60D. I completely missed that late from 2/19 but that makes sense.

@Anonymous thank you for coming back and correcting that so that I can also correct it. I would agree it was the delinquency hitting 24 months.

Re: F8 gains for late aging or AoORA?

Anonymous — Sat, 20 Feb 2021 21:00:00 GMT

@Anonymous

thanks.

it was driving me nuts not knowing why the bump, but after reviewing my reports I noticed a 60D from 2/19. So it made sense that this was the cause. Tbh I thought it was a 30D up until recently and wasn't even aware it was a 60D. Back when I was significantly irresponsible 🤦🏻‍♂️

Re: F8 gains for late aging or AoORA?

Anonymous — Sat, 20 Feb 2021 21:41:43 GMT

Well the good news is that put you on a clean car on the mortgage Scores and on a mature delinquency card on 8/9. What were the before and after pool dates between that score change? Forgive me I didn’t go back and re-read the thread