topic Wasn't Expecting Score Increase But Definitely Will Take It in Understanding FICO® Scoring

Wasn't Expecting Score Increase But Definitely Will Take It

Iusedtolurk — Sun, 02 May 2021 01:39:31 GMT

Checking my Experian today and noticed my F8 Credit Score went up 3 points.(All 8's gained 3 points, no other scores changed, can't tell if 9's changed)

I was wondering why but due to Experian lately showing "What Happened" from the day before to the day of change I saw the following reasons that triggered the score change.

Specifics:

The only changes between yesterday and today but for some reason it made a 3 point difference and ANY points upward are WELCOMED.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Mr_Mojo_Risin — Sun, 02 May 2021 01:52:51 GMT

Yeah we'll take whatever they'll give us. Lol

I've liked EX adding the "What Changed" feature, adds a little indepth look at reasons for changes.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Iusedtolurk — Sun, 02 May 2021 02:24:02 GMT

@Mr_Mojo_Risin wrote:
Yeah we'll take whatever they'll give us. Lol
I've liked EX adding the "What Changed" feature, adds a little indepth look at reasons for changes.

@Mr_Mojo_RisinYeah I really like that they added that new feature. I could always see effects of credit moves on Credit Karma with Trans and Equifax but when there was movement on Experian I had to dig around and try to figure it out.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Iusedtolurk — Sun, 02 May 2021 10:08:19 GMT

@Iusedtolurk wrote:
Checking my Experian today and noticed my F8 Credit Score went up 3 points.(All 8's gained 3 points, no other scores changed, can't tell if 9's changed)

I was wondering why but due to Experian lately showing "What Happened" from the day before to the day of change I saw the following reasons that triggered the score change.
Specifics:
The only changes between yesterday and today but for some reason it made a 3 point difference and ANY points upward are WELCOMED.

Okay Even though I understand WHAT caused the point change it still is making me seek the WHY of it. It's not like when I cross a particular Utilization threshold (individual/aggregate)-AoYA threshold (12 months etc)-dollar amount ?-Age (2 yrs/3yrs milestone etc.

Perhaps @Anonymous @Anonymous @Anonymous can add some possible insights.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Sun, 02 May 2021 11:00:02 GMT

@Iusedtolurk wrote:
Okay Even though I understand WHAT caused the point change it still is making me seek the WHY of it. It's not like when I cross a particular Utilization threshold (individual/aggregate)-AoYA threshold (12 months etc)-dollar amount ?-Age (2 yrs/3yrs milestone etc.
Perhaps @Anonymous @Anonymous @Anonymous can add some possible insights.

When I reached AoOA 3yr 3mo, as you did here, I got +2pts on all 3 EX8 scores. Also +4 on TU8. I also hit AAoA 2yr0mo at the same time, so I thought AAoA might be the trigger. (My post about that is here. )

Now I'm thinking it was AoOA 3yr 3mo, which seems very odd to me, but then we both just passed that weird 3yr0mo threshold that causes such a large score drop on some scores.

This was the snapshot on March 1st, 2021, at AoOA 3yr3mo / AAoA 2yr0mo / AAoRA 1yr8mo / AoY(R)A 1yr1mo:

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Sun, 02 May 2021 20:27:01 GMT

@Iusedtolurk wrote:
@Iusedtolurk wrote:
Checking my Experian today and noticed my F8 Credit Score went up 3 points.(All 8's gained 3 points, no other scores changed, can't tell if 9's changed)

I was wondering why but due to Experian lately showing "What Happened" from the day before to the day of change I saw the following reasons that triggered the score change.
Specifics:
The only changes between yesterday and today but for some reason it made a 3 point difference and ANY points upward are WELCOMED.
Okay Even though I understand WHAT caused the point change it still is making me seek the WHY of it. It's not like when I cross a particular Utilization threshold (individual/aggregate)-AoYA threshold (12 months etc)-dollar amount ?-Age (2 yrs/3yrs milestone etc.
Perhaps @Anonymous @Anonymous @Anonymous can add some possible insights.

@Iusedtolurk what type of account is your oldest account? A loan or a revolver?

also are those ages correct? I find that Experian says that I am one year five months when I'm one year six months.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Iusedtolurk — Sun, 02 May 2021 23:18:30 GMT

@Anonymous

Oldest account is a Revolver (Cap1 Secured). All dates correct.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 00:08:22 GMT

@Anonymous wrote:
@Iusedtolurk wrote:
Okay Even though I understand WHAT caused the point change it still is making me seek the WHY of it. It's not like when I cross a particular Utilization threshold (individual/aggregate)-AoYA threshold (12 months etc)-dollar amount ?-Age (2 yrs/3yrs milestone etc.
Perhaps @Anonymous @Anonymous @Anonymous can add some possible insights.
When I reached AoOA 3yr 3mo, as you did here, I got +2pts on all 3 EX8 scores. Also +4 on TU8. I also hit AAoA 2yr0mo at the same time, so I thought AAoA might be the trigger. (My post about that is here. )

Now I'm thinking it was AoOA 3yr 3mo, which seems very odd to me, but then we both just passed that weird 3yr0mo threshold that causes such a large score drop on some scores.

This was the snapshot on March 1st, 2021, at AoOA 3yr3mo / AAoA 2yr0mo / AAoRA 1yr8mo / AoY(R)A 1yr1mo:

@Anonymous I believe yours was AAOA, imho. AoOA is a segmenter, not a scoring Factor. I don't think it's pulling double duty. Age of oldest revolving account is typically mistaken for it, but not on your file obviously. JMHO.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 00:26:10 GMT

@Iusedtolurk wrote:
@Anonymous

Oldest account is a Revolver (Cap1 Secured). All dates correct.

@Iusedtolurk I believe it derives from AAoA 27 months or AoORA 39 months. Considering your recent reassignment to mature, we know points are lacking for the buffer for new account reassignment. we just don't know from where they derive.

I kind of feel like it's AAoA, but it could be either, theoretically. This is probably where some of the points are picked up after reassignment. Jmho.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Iusedtolurk — Mon, 03 May 2021 02:36:40 GMT

@Anonymous wrote:
@Iusedtolurk wrote:
@Anonymous

Oldest account is a Revolver (Cap1 Secured). All dates correct.
@Iusedtolurk I believe it derives from AAoA 27 months or AoORA 39 months. Considering your recent reassignment to mature, we know points are lacking for the buffer for new account reassignment. we just don't know from where they derive.

I kind of feel like it's AAoA, but it could be either, theoretically. This is probably where some of the points are picked up after reassignment. Jmho.

@Anonymous When I was looking at the 3 changes I scratched off the youngest revolver turning 1 yr 2 months having any effects on the points increase.

That left me with either the AAoA/27 months or AoORA/39 months contributing or somehow both contributing which I really couldn't nail down. But like you I will lean towards the AAoA as the possible variable for the points increase.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 18:02:56 GMT

I just saw a 2 point gain on EX F8 on the 1st, 5 point gain on EX Auto8, and 2 point gain on EX Bankcard8. AoYA just increased to 2 months and AAoA increased to 3 years 9 months. No other changes. Doesn't quite match up with OP's aging metrics, but I am thinking the point gain was due to AAoA increasing?? Thoughts?

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 18:10:43 GMT

@Anonymous wrote:
I just saw a 2 point gain on EX F8 on the 1st, 5 point gain on EX Auto8, and 2 point gain on EX Bankcard8. AoYA just increased to 2 months and AAoA increased to 3 years 9 months. No other changes. Doesn't quite match up with OP's aging metrics, but I am thinking the point gain was due to AAoA increasing?? Thoughts?

@Anonymous you definitely need other aging metrics like age of oldest Revolver and average age of revolving accounts and Loans Metrics, but quite possibly. Anytime an aging Metric in months is divisible by 3, it is suspect. ( @Anonymous 's aging rule of 3! )

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Iusedtolurk — Mon, 03 May 2021 18:52:44 GMT

@Anonymous wrote:
@Anonymous wrote:
I just saw a 2 point gain on EX F8 on the 1st, 5 point gain on EX Auto8, and 2 point gain on EX Bankcard8. AoYA just increased to 2 months and AAoA increased to 3 years 9 months. No other changes. Doesn't quite match up with OP's aging metrics, but I am thinking the point gain was due to AAoA increasing?? Thoughts?
@Anonymous you definitely need other aging metrics like age of oldest Revolver and average age of revolving accounts and Loans Metrics, but quite possibly. Anytime an aging Metric in months is divisible by 3, it is suspect. ( @Anonymous 's aging rule of 3! )

@Anonymous Agree it may well have to do with AAoA hitting number divisible by 3 for @Anonymous as AoYA hitting 2 months would seem not to have any impact.

Adds a little strength to the saying, "3's the charm". as @Anonymous stated 3 may be the variable.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 19:20:14 GMT

@Anonymous wrote:
@Anonymous wrote:
I just saw a 2 point gain on EX F8 on the 1st, 5 point gain on EX Auto8, and 2 point gain on EX Bankcard8. AoYA just increased to 2 months and AAoA increased to 3 years 9 months. No other changes. Doesn't quite match up with OP's aging metrics, but I am thinking the point gain was due to AAoA increasing?? Thoughts?
@Anonymous you definitely need other aging metrics like age of oldest Revolver and average age of revolving accounts and Loans Metrics, but quite possibly. Anytime an aging Metric in months is divisible by 3, it is suspect. ( @Anonymous 's aging rule of 3! )

@Anonymous took a look at the other metrics AoORA is 8y10mo, AAoRA is 5y1mo, AoYIA is 11mo, AoOIA is 6yr, and AAoIA is 2y5mo... So looks like the only other factor of 3 is Age of Oldest Installment Account hitting 72 months. Not sure if we there is any support for this metric being related to score boosts?

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 21:12:07 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I just saw a 2 point gain on EX F8 on the 1st, 5 point gain on EX Auto8, and 2 point gain on EX Bankcard8. AoYA just increased to 2 months and AAoA increased to 3 years 9 months. No other changes. Doesn't quite match up with OP's aging metrics, but I am thinking the point gain was due to AAoA increasing?? Thoughts?
@Anonymous you definitely need other aging metrics like age of oldest Revolver and average age of revolving accounts and Loans Metrics, but quite possibly. Anytime an aging Metric in months is divisible by 3, it is suspect. ( @Anonymous 's aging rule of 3! )
@Anonymous took a look at the other metrics AoORA is 8y10mo, AAoRA is 5y1mo, AoYIA is 11mo, AoOIA is 6yr, and AAoIA is 2y5mo... So looks like the only other factor of 3 is Age of Oldest Installment Account hitting 72 months. Not sure if we there is any support for this metric being related to score boosts?

We really don't know because hardly anyone has been tracking these. There's Oldest and Average on all aging metrics, according to FICO reason statement explanations.

So AoOOIA (Age of Oldest Open Installment Account) and AAoOIA (Average Age of Open Installment Accounts) are both looked at as part of Code 36 on Experian FICO 8: Length of time open installment loans have been established.

FICO says: "The age of your oldest open (not yet paid off) installment loan and/or the average age of your open installment loan accounts is relatively low."

And then there's a separate Code 25 that tracks all installment accounts, open and closed! Again, oldest and average.

I think your gains were due to AAoA 3yr 9mo, but that 72mo (age mod 3 = 0) AoOIA makes me wonder now.

Re: Wasn't Expecting Score Increase But Definitely Will Take It

Anonymous — Mon, 03 May 2021 21:29:49 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I just saw a 2 point gain on EX F8 on the 1st, 5 point gain on EX Auto8, and 2 point gain on EX Bankcard8. AoYA just increased to 2 months and AAoA increased to 3 years 9 months. No other changes. Doesn't quite match up with OP's aging metrics, but I am thinking the point gain was due to AAoA increasing?? Thoughts?
@Anonymous you definitely need other aging metrics like age of oldest Revolver and average age of revolving accounts and Loans Metrics, but quite possibly. Anytime an aging Metric in months is divisible by 3, it is suspect. ( @Anonymous 's aging rule of 3! )
@Anonymous took a look at the other metrics AoORA is 8y10mo, AAoRA is 5y1mo, AoYIA is 11mo, AoOIA is 6yr, and AAoIA is 2y5mo... So looks like the only other factor of 3 is Age of Oldest Installment Account hitting 72 months. Not sure if we there is any support for this metric being related to score boosts?
We really don't know because hardly anyone has been tracking these. There's Oldest and Average on all aging metrics, according to FICO reason statement explanations.

So AoOOIA (Age of Oldest Open Installment Account) and AAoOIA (Average Age of Open Installment Accounts) are both looked at as part of Code 36 on Experian FICO 8: Length of time open installment loans have been established.

FICO says: "The age of your oldest open (not yet paid off) installment loan and/or the average age of your open installment loan accounts is relatively low."

And then there's a separate Code 25 that tracks all installment accounts, open and closed! Again, oldest and average.

I think your gains were due to AAoA 3yr 9mo, but that 72mo (age mod 3 = 0) AoOIA makes me wonder now.

^^^well said. Could be either one we don't know since no one's been collecting these DPs. What we need is a thread that collects these by scorecard and then when we see the commonalities we can determine which metric it is.