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Overall Rebuilding Feedback

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Super Contributor

Re: Overall Rebuilding Feedback


@credit8502020 wrote:

@AllZero wrote:

@credit8502020.  If you are eligible for membership, Navy is a great Credit Union. The majority of the time, they will hard pull TU9 for credit products. They've been known to use EQ too.

 

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards



@AllZero wrote:

@credit8502020.  If you are eligible for membership, Navy is a great Credit Union. The majority of the time, they will hard pull TU9 for credit products. They've been known to use EQ too.

 

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards


@AllZero 

Thank you! Yes. I'm a member of NFCU. I'm going to read through this thread. Thanks! I wish I would have started with a secured credit card years ago. However, I didn't so lessons learned and I will definitely share my lessons learned with others! Smiley Wink I was going to apply for a NFCU card, but my understanding was they definitely pull from TU. I'm going to call and probably apply via phone and ask if they will be using TU 9.

Maybe I should freeze my Equifax, just to be safe if they are also known to use EQ....

 

I was considering waiting until my AU Home Depot account posted to my credit report, but honestly, I don't want to prolong it since it could take months for Home Depot to report my new AU account. 

 

On another note, can you tell me the most accurate place to confirm my AAoA Average Age of Accounts & AoYA Age of Youngest Account & the correct utilization (aggregate) that is reporting on my report and how it is being calculated? Or are these just calcuations everyone is doing manually? 


@credit8502020 for your average age of accounts you must access your current data, look at the opening date for each account, truncat it to the first of the month for that month, and then calculate how many months old each account is and then take an average.

 

for utilization just see the Scoring Primer. It's already there are no need to repeat. You say youngest account but you probably mean youngest revolver. you can determine that by determining what your most recent account or revolver is that you opened.

For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated Sept 2020, unless otherwise noted.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 11 of 12
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Regular Contributor

Re: Overall Rebuilding Feedback


@Birdman7 wrote:

@credit8502020 wrote:

@AllZero wrote:

@credit8502020.  If you are eligible for membership, Navy is a great Credit Union. The majority of the time, they will hard pull TU9 for credit products. They've been known to use EQ too.

 

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards



@AllZero wrote:

@credit8502020.  If you are eligible for membership, Navy is a great Credit Union. The majority of the time, they will hard pull TU9 for credit products. They've been known to use EQ too.

 

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards


@AllZero 

Thank you! Yes. I'm a member of NFCU. I'm going to read through this thread. Thanks! I wish I would have started with a secured credit card years ago. However, I didn't so lessons learned and I will definitely share my lessons learned with others! Smiley Wink I was going to apply for a NFCU card, but my understanding was they definitely pull from TU. I'm going to call and probably apply via phone and ask if they will be using TU 9.

Maybe I should freeze my Equifax, just to be safe if they are also known to use EQ....

 

I was considering waiting until my AU Home Depot account posted to my credit report, but honestly, I don't want to prolong it since it could take months for Home Depot to report my new AU account. 

 

On another note, can you tell me the most accurate place to confirm my AAoA Average Age of Accounts & AoYA Age of Youngest Account & the correct utilization (aggregate) that is reporting on my report and how it is being calculated? Or are these just calcuations everyone is doing manually? 


@credit8502020 for your average age of accounts you must access your current data, look at the opening date for each account, truncat it to the first of the month for that month, and then calculate how many months old each account is and then take an average.

 

for utilization just see the Scoring Primer. It's already there are no need to repeat. You say youngest account but you probably mean youngest revolver. you can determine that by determining what your most recent account or revolver is that you opened.


@Birdman7 

Thank you! 

Message 12 of 12
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