topic Re: Avg age lower by 3 years. How many points lost? in Understanding FICO® Scoring

Avg age lower by 3 years. How many points lost?

Anonymous — Wed, 19 Sep 2007 01:00:59 GMT

I dropped my average from 9 years to 6 years. I hadn't been monitoring my scores at the time. Can anyone guestimate my score before the drop assuming all other factors were the same. Thanks.

Re: Avg age lower by 3 years. How many points lost?

fused — Wed, 19 Sep 2007 01:47:48 GMT

What are your three FICO scores now? I wanna guess your scorecard and give you an answer.

Re: Avg age lower by 3 years. How many points lost?

Anonymous — Wed, 19 Sep 2007 03:21:32 GMT

@fused111 wrote:
What are your three FICO scores now? I wanna guess your scorecard and give you an answer.

My score last year right after the average age drop was 700 with new accounts over 2 months. I know now that 30 points was for inqs and 10 points for new accounts. So probably my score before was 740 but a 740 3 years older would be I don't know. Thanks for guessing.

Re: Avg age lower by 3 years. How many points lost?

fused — Wed, 19 Sep 2007 03:32:42 GMT

ilovepizza wrote:
I dropped my average from 9 years to 6 years. I hadn't been monitoring my scores at the time. Can anyone guestimate my score before the drop assuming all other factors were the same. Thanks.

A change in average-age from 9 to 6 years shouldn't be that bad. Even with an average-age of 6 years, you are still boderline FICO score high achiever with this one criteria. I would guess, and this is only a guess, less than a 15 point drop in scores.

Re: Avg age lower by 3 years. How many points lost?

Anonymous — Wed, 19 Sep 2007 03:59:16 GMT

It's getting hard for me to gain points. 3-4 points even is a lot to me these days. To me 15 points is a huge number. lol.