topic Re: AAOA in Understanding FICO® Scoring

AAOA

tmoney — Wed, 04 Jun 2014 15:52:42 GMT

Is there any significant bump in score when aaoa changes from 5 to 6 years ?

Re: AAOA

-NewGuy- — Wed, 04 Jun 2014 17:32:13 GMT

I don't know if one would change buckets when going from 5 years AAoA to six. If so, there may be a change, although not significant I wouldn't think.

If you have a major derogatory on your report, then certainly not significant.

Re: AAOA

Anonymous — Wed, 04 Jun 2014 18:25:33 GMT

AAoA is in a scoring category with a 15% weight, and going from 5 to 6 years is not a big breakthrough, so I wouldn't expect much change.

The other angle is the one mentioned above -- sometimes certain changes cause you to be put in a different bucket.

Re: AAOA

HiLine — Wed, 04 Jun 2014 23:23:27 GMT

@tmoney wrote:
Is there any significant bump in score when aaoa changes from 5 to 6 years ?

No.

Re: AAOA

Roarmeister — Thu, 05 Jun 2014 02:12:55 GMT

Contrary to my learned collegues opinions -- I have seen evidence (not anecdotal) from another website that shall remain nameless. A poster there had researched and tested the algorithms to see their outcomes. Indeed, a user will get a decreasing increase to their scores as your AAoA grows. What he found was there the algorithms (which are supposed to secret) produced score bumps at 6mth, 1 yr, 2 yr, 5 yr, 10yr and 15 yr. with the greatest effect upon reaching the first steps. What kind of increase would you get at the 5 year anniversary -- probably only a few points.

No I won't post the link.The last time I did, the post was deleted because unknown to me the website apparently also promotes illegal ways of debt reduction.

Now for the anecdotal story - mine! Equifax recently calculated my AAoA as 5 years. Since I check my score weekly, I can determine with reasonable accuracy what the reason was for the score change. I had one inquiry aged 2 years and so it dropped off at the same time as the aniversary. The score change was 7 points. You're mileage may vary but a score change of few points is not significant.

Re: AAOA

azguy13 — Thu, 05 Jun 2014 01:40:57 GMT

I find that bumps from AAoA aging happens in small increments as the profile ages. No significant bumps at certain times. That is just what I have seen with my own report though.