topic Re: Aging on thin young dirty profile in Understanding FICO® Scoring

Aging on thin young dirty profile

Zoostation1 — Sun, 13 Nov 2022 20:56:51 GMT

My AoOA just reached 1yr old last week. Is there any chance I'll gain a point or two from that all other things being equal or is it only AAoA that matters?

Re: Aging on thin young dirty profile

FireMedic1 — Mon, 14 Nov 2022 09:13:23 GMT

The bad outweighs the good in FICO. If your "O" is for open account. Since it isnt the "oldest" cause your rebuild started a year ago. Probably wont see much at all. May help us when/if changes do occur. You let us know. Once the AoYA (newest) passes 1 yr that usually helps a bit. Hard to say with dirty files.

Re: Aging on thin young dirty profile

Zoostation1 — Mon, 14 Nov 2022 10:11:27 GMT

Thanks! I'm wasn't really expecting a score bump but was hoping to snag a couple points on my FICO 8 in particular with it seeming to have a lower ceiling for now than FICO 9, 10, and 10T. And for as much as I monitor my stuff and post here I hadn't thought about this particular account much in terms of age metrics until I got a one year anniversary email from Discover. And to your point about in terms of oldest yeah it's the the oldest open account but is also the oldest account reporting. After filing CH7 (discharge 2/2018). I didn't open anything until last Novemeber when this account kicked off my rebuild.

Re: Aging on thin young dirty profile

FireMedic1 — Mon, 14 Nov 2022 13:34:18 GMT

@Zoostation1 wrote:
Thanks! I'm wasn't really expecting a score bump but was hoping to snag a couple points on my FICO 8 in particular with it seeming to have a lower ceiling for now than FICO 9, 10, and 10T. And for as much as I monitor my stuff and post here I hadn't thought about this particular account much in terms of age metrics until I got a one year anniversary email from Discover. And to your point about in terms of oldest yeah it's the the oldest open account but is also the oldest account reporting. After filing CH7 (discharge 2/2018). I didn't open anything until last Novemeber when this account kicked off my rebuild.

Your oldest account is figured in on age metrics before the BK. Open or closed all the same. Except for Vantage doesnt count closed accounts.

Re: Aging on thin young dirty profile

Zoostation1 — Mon, 14 Nov 2022 21:12:28 GMT

Ok now I'm a bit more confused than I was before. I understand that Vantage doesn't count closed accounts and FICO counts closed accounts for 10 yrs after closure, but all 3 of the accounts included in my BK were closed in 2012. The main reason I ended up filing was because of a single payment to Discover after the account had been closed that restarted the clock on collecting and ended up with a judgement. The only other account I had reporting was a student loan that was in default and settled to just pay the principal a few years years before filing and it came off my report in January 2022.

Re: Aging on thin young dirty profile

FireMedic1 — Tue, 15 Nov 2022 10:02:01 GMT

@Zoostation1 wrote:
but all 3 of the accounts included in my BK were closed in 2012. The only other account I had reporting was a student loan that was in default and settled to just pay the principal a few years years before filing and it came off my report in January 2022.

So theres nothing left before BK now on your reports?

Re: Aging on thin young dirty profile

Zoostation1 — Tue, 15 Nov 2022 12:17:03 GMT

Yep that's correct. I pulled alll 3 yesterday from the annualcreditreport.com site to confirm I have nothing but the BK and the 3 cards I have now. There was a period of about 4 months where I had no FICO score when the student loan fell off and the Discover was less than 6 months old.

Re: Aging on thin young dirty profile

FireMedic1 — Tue, 15 Nov 2022 19:47:07 GMT

Ok Newbie. LOL!!!!!!! You'd be brand new fresh to FICO if it wasnt for the BK. Dont see this often at all. I dont think I ever have BTW. So with the BK. Think of a 10lb weight on the 8 lb object your trying to pull out. Yes you'd see a bump. But the BK will hold back normal movements as if you didnt have the BK. So its a good thing more for us to learn what does happen with score changes once you get that weight back. So no telling. Your DP's of changes will help us more than expected. This doesnt happen. So its more you tell us than us telling you in this situation.

Re: Aging on thin young dirty profile

Revelate — Wed, 16 Nov 2022 21:40:25 GMT

I don't think so at 1 year.

There was some very old forum information that suggested the algorithm rounded AAOA <1 year to 1 year, and that it took to 2 years to see anything meaningful.

I didn't find anything to disprove that from my own data, one year on a dirty profile I didn't see anything FWIW but that was on the old models available not the newest and it might have changed. Look for some of CassieCard's data she might have captured that.

Re: Aging on thin young dirty profile

Zoostation1 — Thu, 17 Nov 2022 01:08:17 GMT

My Discover hasn't reported again yet as it closes on the 20th but since starting the thread I did get updates today to my FICO8s from my SavorOne reporting (my AZEOcard) and going from 7.8% on it to 2.9% on it didn't change a thing on any of the CRAs. Disco and VentureOne should report 0 again in time for my next 3B pull so we'll see what happens then with FICO 9, 10, and 10T but I'll expect nothing since today's update says my oldest account is 12months. FICO9 (and Bankcard 9) strangely had 2 of the CRAs go up last 3B pull when my SavorOne started reporting (EQ+15, EX+10 on std 9, EQ+13 EX+9 on Bankcard), while everything else from all models went down and in some cases like a rock (EQ10 -23, EQ10T -30) month over month. I just think it's a bit mind boggling how much variance I have on EQ scores (far more than TU or EX)

5: 677

8: 656

9: 704

10: 638

10T: 670

Drifted off topic here but I get lost in the details when trying to analyze everything.

Re: Aging on thin young dirty profile

Zoostation1 — Fri, 02 Dec 2022 00:38:09 GMT

I'm wondering if it doesn't round up now cause I just got my TU8 update (apparently EQ and EX haven't yet) with all of my cards having reported after the one year mark on Discover and it had a modest but nice gain. Utilization dropped to from 8% to 3% on my AZEO card and went from 655 to 668. That's 9pts higher than my previous best reporting 1% on an AZEO card. I'll see what happens when I get my full 3B in a couple days

Re: Aging on thin young dirty profile

Zoostation1 — Sun, 04 Dec 2022 17:43:25 GMT

Just looked at my monthly 3B and all of my FICO 8 and FICO 9 scores are at new highs so I'm pretty stoked about that.