@Anonymous wrote:
@Anonymous Yep, it'll take me some time to compile and present data too. @Anonymous last delinquencies are 90 day lates from 12/2014 on 8 student loans. Im expecting they'll fall off somewhere between September and December of this year.
Yeah, my age of revolvers increased. In August I was added as a joint account holder to a 38 year old BoA credit card. The whole history was added to my profile. That being said, based on my calculations (it's in a post somewhere on the forum) dropping off any account younger than 38 years will increase my AAoA and AAORA. For example, the average of the sum of 1+2+3+4 is 2.5; then remove any number except 4 and recalculate the average (I used 1 because I like simple math😊) and came up with 3. So I don't think it's my age. Unfortunately, there were other factors at play. You mentioned, maybe it is a percentage of accounts reporting without lates, I agree that's a possibility. Also, there was the one inquiry because I had to apply for the 38 year bofa cc. It was on TU and was my 4th reportable TU and 3rd in six months for them. Total if 10 inquiries under 12 months. Maybe that's another threshold?
I'm OK with it, definitely was bummed about the loss for a while, but...hopefully by the end of 2021 I'll be sitting pretty once the lates and inquiries aren't factoring into my score.
Also, as I mentioned, I did call chase and ask them to report the au to my profile. They said since the account hasn't been used ever it's not reporting. I'll use the card this month and since it'll be my only AU I guess I'll need to leave a small balance on it. This will be tricky because chase updates balances paid to zero so I'm not sure how to navigate that to avoid all zero au penalty? Suggestions?
@Anonymous hey first let me correct a misunderstanding. If you remove any account younger than your average age, then your average age will increase. If you removed an account older than your average age but younger than 38 years, it would lower your average age.
likewise for average age of revolving accounts, if you remove an account higher than the average but below 38 years, it will decrease your average age of revolving accounts. Double check your math.
Chase is not a problem. Place a charge sometime during the billing cycle. Then after statement cuts, place another charge before the due date (separate billing cycle). Then pay the previous statement balance on the due date, this leaves a balance and won't cost interest.
for your first time you wanna leave a balance. Just be careful you don't pay it to zero or they will off cycle update.
