topic Re: Credit challenge: AAoA hits 9 months in Understanding FICO® Scoring

Credit challenge: AAoA hits 9 months

Anonymous — Sun, 30 Aug 2015 13:21:53 GMT

Does it make a difference?

The Experian/myfico score simulator thinks you're score goes up every three months at least during the first two years. I saw a bump at six months and I am expecting one at 12, but what about 9?

My AAoA will hit 9 months in the next little while. Current score 733, no baddies, very low utilization.

I can monitor my EX score daily with the Experian credit tracker product I subscribed to.

Bets?

No change? Score boost? Jokers can bet on a drop.

I will post the result let's see who can predict it!

Re: Credit challenge: AAoA hits 9 months

CH-7-Mission-Accomplished — Sun, 30 Aug 2015 13:43:58 GMT

I'm curious what others will say about this. It is my understanding that the CRA with an AAofA of less than 12 months will be automatically scored as one year. And also, FICO always scores in whole numbers rounded down, so for the next 11 months (up to 1 year, 11 months), FICO will score you at one year. So basically you are scored as having one year AAofA until you hit the 24 month mark.

Re: Credit challenge: AAoA hits 9 months

Thomas_Thumb — Sun, 30 Aug 2015 13:45:16 GMT

Need more information:

1) How many inquiries do you have under 1 year of age? What is the # months age of the oldest INQ under 1 year and what is the age of the youngest under 1 year?

2) What is the age of your oldest account in months?

3) What is the age of your youngest account in months?

Inquiries reaching one year and "aging off" will impact score. Oldest account passing an integer year threshold can impact score. Youngest account reaching 6 months may impact score.

Re: Credit challenge: AAoA hits 9 months

Anonymous — Sun, 30 Aug 2015 15:33:14 GMT

On EX:

1. 6 INQ under one year, one was a landlord "factual data" request and there is some evidence those don't count in scoring so maybe it's 5

2. Oldest account is 12 to 13 months, EX calls it "one year" in their comment that my history is short

3. Youngest account opened in April, so will be 5m on the 1st

All my accounts are in my siggy you can hover over them for details.

Re: Credit challenge: AAoA hits 9 months

Anonymous — Sun, 30 Aug 2015 16:12:31 GMT

Here is my opinion, the real result may vary:

1. your landlord's request indeed will be counted as INQ. Some other inquiries like mortage requests in a short period may not be counted as INQs.

2. As the number of INQs you got, I guess when any of your INQ moves to the 1 year category, you will see a score bump. 9 month of AAoA may not give you a noticeable bump, although you will always see smooth score increase month by month.

Hopefully this helps.

Re: Credit challenge: AAoA hits 9 months

Thomas_Thumb — Sun, 30 Aug 2015 18:32:33 GMT

@Anonymous wrote:
On EX:

1. 6 INQ under one year, one was a landlord "factual data" request and there is some evidence those don't count in scoring so maybe it's 5

2. Oldest account is 12 to 13 months, EX calls it "one year" in their comment that my history is short

3. Youngest account opened in April, so will be 5m on the 1st

All my accounts are in my siggy you can hover over them for details.

I can't see much happining at 9 months AAoA (October 2015?) -

In November/December watch out - I am guessing your score could be up to 30 points higher than where you are now by the end of December - Half may show in November when you youngest account has passed 6 months. However, full impact will not be seen until late December when a couple inquiries reach 1 year. You may need to wait until January to see the effect of inquiries on score due to reporting lag times.

1) Inquiries associated with your three oldest cards will have aged off sometime in December. (going from 5 to 2 remaining) shifts you to a lower Inq category => score bump

2) Your youngest card(s) will have reached 6 months by 11/1 and this also means your youngest CC Inq will also have reached 6 months.

Now if you want to skew things toward mazimum score boost, only report a balance on one card.

Re: Credit challenge: AAoA hits 9 months

Anonymous — Mon, 31 Aug 2015 00:52:28 GMT

I am expecting AAoA to go to 9 months in sept, possibly sept 1 as EX rounds off account opening day to the 1st.

In October my two most recent accounts age to six months and their inquiries hit six as well. I previously saw no score change when other inquiries hit six but this will move me from two inquiries under six and two accounts under six to none under six.

In November my oldest inquiries start hitting 1 year, by the end of that month four inquiries will have hit 1 year.

In December my AAoA will reach 1 year.

Current challenge is whether anything happens on the 1st of sept when Experian begins reporting AAoA of 9 months. Is it quarterly as the score simulator predicts or will nothing AAoA related happen until it reaches a year, or later?

Re: Credit challenge: AAoA hits 9 months

Thomas_Thumb — Mon, 31 Aug 2015 01:48:50 GMT

Milestones are inquiries reaching 1 year. I think youngest account reaching 6 months is important but have no hard data on that. AAoA at 9 months is dust in the wind - if you see a score change look more closely at other factors reaching milestones.

Re: Credit challenge: AAoA hits 9 months

Revelate — Mon, 31 Aug 2015 02:18:52 GMT

@Thomas_Thumb wrote:
Milestones are inquiries reaching 1 year. I think youngest account reaching 6 months is important but have no hard data on that. AAoA at 9 months is dust in the wind - if you see a score change look more closely at other factors reaching milestones.

Excellent post!

@OP I didn't see any explicit AAOA change until the 2 year mark that I could say "yup that's AAOA!" isolated by going across the boundary, then app spreeing below it, and then aging back across it... but it's possible when I hit the 1 year mark it just didn't show. My credit report was uber busy then unlike when I hit that app spree mentioned earlier after I'd been gardening in hopes of a mortgage for 15 months at that point and picked up tradelines when the mortgage fell apart.

Re: Credit challenge: AAoA hits 9 months

Anonymous — Tue, 01 Sep 2015 01:49:35 GMT

Score updated today, as at Aug 31, still 733. Let's see if anything happens tomorrow!

Re: Credit challenge: AAoA hits 9 months

Anonymous — Tue, 01 Sep 2015 07:15:37 GMT

Experian recalculated my score at midnight Pacific time (I checked repeatedly between midnight EST and PST lol). As predicted AAoA went to 9 months at that moment, Experian now lists that as my AAoA on their site.

And you guys were right, score unchanged at 733.

Will watch over the next few days to see if it budges but now not expecting a score change until Sept when we will see what happens when my youngest accounts and inquiries hit six months.

My hypothesis that it might change was based on the score simulator which gives you a bump for every three months of on time payment. This confirms the score simulator has nothing to do with actual scores and that 8 to 9 months AAoA means nothing. Unfortunately.

Thanks for playing!