Do I need to worry about AA?

[SirMilo]

Hello everyone.

Apologies if this doesn't belong here but I figured it relates to credit cards. Feel free to move it to a more appropriate area if needed.

I was just looking at my Navy Federal accounts since I need to make some decisions on my upcoming CD maturity and decided to take a look at my FICO9 score when I found this:

I just want to know if anyone thinks that this fairly large drop will create any issues with AA. Thankfully, I only have a total of $350 in credit card debt so hopefully this won't scare any creditors. This drop was caused by a mortgage that was paid off in November 2012 falling off which caused an instantaneous 7 year loss in the age of my oldest account and from not having any other installment activity on my reports. I'm just hoping that Navy, AmEx, Chase, PNC, nor Cap1 freak out about a large sudden drop in my scores on 2 CRA's. Experian purged this mortgage account around 4 years ago so at least I won't see a score drop on that report. I should still be around 780 or so on my F8 scores, at least according to Experian which was always around 25 points lower than the agencies which still reported the mortgage.

Hopefully this won't be an issue but I guess there isn't much point in worrying about it since it is what it is. I would feel better if someone were to say it won't be a problem though.

[FireMedic1]

With those scores? No. NFCU isnt known to pull the AA with what your talking about. You got $ in their bank. They like that.

[Lou-natic]

You'll be fine.

[AceTen]

"Do I need to worry about AA?"

No

Non

Nein

Không

Nee

Nej

Nei

Ei

[805orbust]

Uhhhh, no. 😉

[SouthJamaica]

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@SirMilo wrote:

Hello everyone.

Apologies if this doesn't belong here but I figured it relates to credit cards. Feel free to move it to a more appropriate area if needed.

I was just looking at my Navy Federal accounts since I need to make some decisions on my upcoming CD maturity and decided to take a look at my FICO9 score when I found this:

I just want to know if anyone thinks that this fairly large drop will create any issues with AA. Thankfully, I only have a total of $350 in credit card debt so hopefully this won't scare any creditors. This drop was caused by a mortgage that was paid off in November 2012 falling off which caused an instantaneous 7 year loss in the age of my oldest account and from not having any other installment activity on my reports. I'm just hoping that Navy, AmEx, Chase, PNC, nor Cap1 freak out about a large sudden drop in my scores on 2 CRA's. Experian purged this mortgage account around 4 years ago so at least I won't see a score drop on that report. I should still be around 780 or so on my F8 scores, at least according to Experian which was always around 25 points lower than the agencies which still reported the mortgage.

Hopefully this won't be an issue but I guess there isn't much point in worrying about it since it is what it is. I would feel better if someone were to say it won't be a problem though.

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No this will not create any issues.

You are golden.

[wasCB14]

I'd just mention that high FICO scores alone are not guaranteed to prevent AA.

Lenders determine CL changes in the context of the health of the overall economy (as well as specific industries), a customer's use of the card, various debt/income ratios, etc.

Of course, your scores are still very high. In your shoes (high scores and minimal debt) I would not be worried.

[SirMilo]

Thanks for the responses everyone. I feel better now.

Had it not been for the economy and increased interest rates that we currently find ourselves in, I wouldn't have been nearly as concerned about something bad happening. My score drop, while I don't care for it, still leaves me in a good position score-wise. I had intended to try to set up an SSL at Navy before the mortgage dropped off but life happened and next thing I know, here we are.

I appreciate everyone taking the time to respond.

[OmarGB9]

With low DTI and still near 800 scores, I think you'll be fine.