topic Re: Max Points in General Credit Topics

Max Points

babbles — Sun, 16 Oct 2022 03:35:32 GMT

I got a +19 pt bump today from TU, my apple card balance added a dollar from last month but is it possible they have given me points from my 2 inquires that are set to come off 22 october or after which will make two years?? if not hopefully I'll get another bump which could max me out in scores across the board!! )

Re: Max Points

GZG — Sun, 16 Oct 2022 03:40:54 GMT

@babbles wrote:
I got a +19 pt bump today from TU, my apple card balance added a dollar from last month but is it possible they have given me points from my 2 inquires that are set to come off 22 october or after which will make two years?? if not hopefully I'll get another bump which could max me out in scores across the board!! )

inquiries are only scored for the 1st year I thought

Re: Max Points

FireMedic1 — Sun, 16 Oct 2022 07:41:52 GMT

Where did you see this? Inq's only count on FICO for one year.

Re: Max Points

babbles — Sun, 16 Oct 2022 18:13:23 GMT

I should mention my retail loan balance decreased for the month and didn't realize my apple card opened up Oct 10, 2021 aged a year so maybe I picked up points on those items??

Re: Max Points

xenon3030 — Sun, 16 Oct 2022 19:23:56 GMT

If it is not due to utilization ratio or AZEO impact, gardening or aging results credit score improvement. It is either aging a new inquiry, increasing the age of the oldest or the newest account or average age of accounts. Each of these parameters impact Fico differently. Experian has some simulation tools and it can estimate Fico8 for each scenario.

So, an easy way to improve Fico8 is simply freezing all credit reports, gardening and using AZEO method.

Re: Max Points

FireMedic1 — Sun, 16 Oct 2022 22:45:44 GMT

@babbles wrote:
I should mention my retail loan balance decreased for the month and didn't realize my apple card opened up Oct 10, 2021 aged a year so maybe I picked up points on those items??

Passing 1yr for the AoYA. May have helped some. Percentage of the loan went from _____ to ____% would help. Again. Where you getting your score?

Re: Max Points

babbles — Mon, 17 Oct 2022 01:05:25 GMT

score from right chere FICO premier, actually 2 accounts passed 1 yr mark on 10 oct

Re: Max Points

FireMedic1 — Mon, 17 Oct 2022 10:02:29 GMT

Thanks for verifying. May have been age related with youngest account passing 1 year and possibly being placed into a newer bucket. If the loan dropped below 8.99% theres more points there. One last question @babbles . Did you happen to pass 2 yrs on your AAoA's also? Put them all together might explain the bump.

Re: Max Points

babbles — Mon, 17 Oct 2022 14:08:49 GMT

thanks for the good feedback, looks like at least one account passed the two year mark

Re: Max Points

FireMedic1 — Mon, 17 Oct 2022 17:39:43 GMT

@babblesYour Average Age of Accounts. Login to MyFICO. Look under Scores.

Re: Max Points

babbles — Wed, 19 Oct 2022 03:12:33 GMT

thanks! appreciate it!

Re: Max Points

babbles — Wed, 26 Oct 2022 13:27:40 GMT

rather than open another thread, does your credit accounts age every year on it's opening anniversary date?? such as my auto account opened Nov 2020 so does it age again next month?? thanks!

thanks for all the input and knowledge you guys pass along!! love the fico forums!!

Re: Max Points

GZG — Wed, 26 Oct 2022 15:33:20 GMT

@babbles wrote:
rather than open another thread, does your credit accounts age every year on it's opening anniversary date?? such as my auto account opened Nov 2020 so does it age again next month?? thanks!

thanks for all the input and knowledge you guys pass along!! love the fico forums!!

every month on the first of the month regardless of account open date