topic Score Bump with Amex Date Change...Anyone??? in Understanding FICO® Scoring

Score Bump with Amex Date Change...Anyone???

Anonymous — Fri, 29 Aug 2008 13:19:04 GMT

Does anyone know what kind of score increase, if any, would be gained by adding (AU) with an old Amex date and increasing average age from 3 to 7 years? DW has no issues other than low average and oldest at 11, which would change to 22. Thanks!!!

Re: Score Bump with Amex Date Change...Anyone???

Anonymous — Fri, 29 Aug 2008 17:25:27 GMT

Could be very significant - with the caveat that it will put her in a bucket that is very picky about balances and utility.

If she has her utility at 3 percent or less her score could rocket up 30 points, but if she has utility in the 30% range she might gain much fewer points because she will be pounder harder for being over the average for the bucket.

Re: Score Bump with Amex Date Change...Anyone???

Anonymous — Sat, 30 Aug 2008 12:01:51 GMT

Thanks...her UTL total/individual, runs 11-15%, and she zeroes out everything every 3 months. Does that help?

Re: Score Bump with Amex Date Change...Anyone???

Anonymous — Sat, 30 Aug 2008 14:15:50 GMT

I would guess 35 points but that is a pure guess. If she has a pretty clean report.

Re: Score Bump with Amex Date Change...Anyone???

Anonymous — Sat, 30 Aug 2008 14:42:49 GMT

Fairly clean - couple of older 30 lates (over 3 years)...I think she'd be happy with 15 points or so, but I'll let you know the outcome...