topic Re: Cracked 800 on TU w/ only revolving accounts in Understanding FICO® Scoring

Cracked 800 on TU w/ only revolving accounts

uncredited — Sun, 17 Mar 2024 06:00:56 GMT

Kind of a shock to me to see but I just noticed that after my scorecard likely changed from new, then my second oldest card hit 2 years, I got 2 bumps, then I zeroed my Chase card that's normally reporting for AZEO since I may app next month.... But with all the little score bumps I just realized my TU is 803! It won't last long, and eq is 793 and ex 782, but I still thought I would never see an 800 with no loan, only 4 revolvers 3 years oldest on file so it's a brief but exciting moment!

( Figured @Kforce might like seeing that)

Re: Cracked 800 on TU w/ only revolving accounts

FicoMike0 — Sun, 17 Mar 2024 14:13:03 GMT

Congratulations!

I'd love to see an 800.

Re: Cracked 800 on TU w/ only revolving accounts

Aeon — Mon, 18 Mar 2024 02:52:30 GMT

@uncredited wrote:
Kind of a shock to me to see but I just noticed that after my scorecard likely changed from new, then my second oldest card hit 2 years, I got 2 bumps, then I zeroed my Chase card that's normally reporting for AZEO since I may app next month.... But with all the little score bumps I just realized my TU is 803! It won't last long, and eq is 793 and ex 782, but I still thought I would never see an 800 with no loan, only 4 revolvers 3 years oldest on file so it's a brief but exciting moment!

( Figured @Kforce might like seeing that)

I have only 2 revolvers and no loans on my credit reports, though my AAoA is over 5 years. All my Fico 8s have been 800+ since my lone inquiry became unscorable and my youngest account aged to one year. Utilization has always been 1-3%. I let both cards report balances each month and haven't tested if AZEO impacts my thin file. You certainly don't have to have 3+ revolvers and a loan in order to have 800+ scores.

Re: Cracked 800 on TU w/ only revolving accounts

Kforce — Mon, 18 Mar 2024 17:43:59 GMT

@uncredited wrote:
Kind of a shock to me to see but I just noticed that after my scorecard likely changed from new, then my second oldest card hit 2 years, I got 2 bumps, then I zeroed my Chase card that's normally reporting for AZEO since I may app next month.... But with all the little score bumps I just realized my TU is 803! It won't last long, and eq is 793 and ex 782, but I still thought I would never see an 800 with no loan, only 4 revolvers 3 years oldest on file so it's a brief but exciting moment!

( Figured @Kforce might like seeing that)

Another 3 years and you could be at 830's + with no loans.

Maybe time to go for that Webstaurant card instead.

Re: Cracked 800 on TU w/ only revolving accounts

pizzadude — Mon, 18 Mar 2024 18:49:03 GMT

You can have a nearly perfect FICO score without an active / open installment loan, it's not required if the other factors on your report are all in great shape.

Re: Cracked 800 on TU w/ only revolving accounts

Thomas_Thumb — Mon, 18 Mar 2024 22:28:09 GMT

@Aeon wrote:

I have only 2 revolvers and no loans on my credit reports, though my AAoA is over 5 years. All my Fico 8s have been 800+ since my lone inquiry became unscorable and my youngest account aged to one year. Utilization has always been 1-3%. I let both cards report balances each month and haven't tested if AZEO impacts my thin file. You certainly don't have to have 3+ revolvers and a loan in order to have 800+ scores.

Absolutely correct. My daughter has only 2 credit cards and no loans open or closed. Her Fico 8 scores reached 800 after AoOA reached 5 years with AAoA and AoYA also at 5 years ( both cards issued within 2 months of each other).

Her scores now fluctuate between 785 and 815 depending on # cards with balance and utilization. She often makes multiple payments during a month but does not practice AZE1 or manage reported utilization as long as under 30%.

Re: Cracked 800 on TU w/ only revolving accounts

uncredited — Tue, 19 Mar 2024 13:58:36 GMT

@Kforce Haha, yeah, the 803 is pretty and all, but I'd probably rather trade it for money. Just a few weeks maybe.

Won't be a while until I see the 800s again if at all but it was nice to see it once!

Re: Cracked 800 on TU w/ only revolving accounts

Thomas_Thumb — Tue, 19 Mar 2024 14:57:23 GMT

@pizzadude wrote:
You can have a nearly perfect FICO score without an active / open installment loan, it's not required if the other factors on your report are all in great shape.

^ True.

A score of 850 on Classic Fico 8 and Classic Fico 9 is achievable without an active/open loan on file. I occasionally score Classic EX Fico 8 and EX Fico 9 850s with only a single closed loan on file. However, it is easier to get to 850 with an open loan.

Re: Cracked 800 on TU w/ only revolving accounts

CorpCrMgr1 — Tue, 19 Mar 2024 15:31:13 GMT

Congratulations on your milestone score!!

Re: Cracked 800 on TU w/ only revolving accounts

Kforce — Tue, 19 Mar 2024 16:28:00 GMT

@Thomas_Thumb wrote:
Absolutely correct. My daughter has only 2 credit cards and no loans open or closed. Her Fico 8 scores reached 800 after AoOA reached 5 years with AAoA and AoYA also at 5 years ( both cards issued within 2 months of each other).

Her scores now fluctuate between 785 and 815 depending on # cards with balance and utilization. She often makes multiple payments during a month but does not practice AZE1 or manage reported utilization as long as under 30%.

Another data point.

My daughter, (Average 4y-11m), (Youngest 0y-11m), (Oldest 10y-0m)

4 cards / no loan = 830's

.also as your daughter.

Multiple payments during a month but does not practice Azeo or Aze1

Re: Cracked 800 on TU w/ only revolving accounts

uncredited — Mon, 06 May 2024 23:28:24 GMT

@Kforce So, I traded the 800 for a 30 point all zero penalty courtesy of WS taking over a week to ship and therefore charge an order across statement date when I paid the pending already expecting it to ship, on my except one.. there's a deep irony in this somewhere

Re: Cracked 800 on TU w/ only revolving accounts

Kforce — Tue, 07 May 2024 02:33:46 GMT

@uncredited wrote:
@Kforce So, I traded the 800 for a 30 point all zero penalty courtesy of WS taking over a week to ship and therefore charge an order across statement date when I paid the pending already expecting it to ship, on my except one.. there's a deep irony in this somewhere

The "Force" is attempting to tell you something

Re: Cracked 800 on TU w/ only revolving accounts

Thomas_Thumb — Tue, 07 May 2024 15:04:39 GMT

Yes, the message is: recalibrate strategy to error toward AZE2 to avoid AZ penalty. 30 points is a record AZ drop .

Re: Cracked 800 on TU w/ only revolving accounts

Kforce — Wed, 08 May 2024 16:11:14 GMT

@Thomas_Thumb wrote:
Yes, the message is: recalibrate strategy to error toward AZE2 to avoid AZ penalty. 30 points is a record AZ drop .

@uncredited likes to break thresholds, just in the wrong direction.