28 point loss on EXP Fico

[alessandrom]

@dragontears  my oldest account is 3 years today and my AAOA is 1 year and 5 months today. I do not have any negatives on my reports.

[dragontears]

---

@alessandrom wrote:

@dragontears  my oldest account is 3 years today and my AAOA is 1 year and 5 months today. I do not have any negatives on my reports.

---

The oldest account hitting 3 years has caused a scorecard reassignment. 

I posted an example thread but if you search for "AoOA 3 years" you will find many other reports of a 20something point drop. 

[alessandrom]

@dragontears  Thank you so much! I'm reading through it. Can you explain a bit more what a scorecard reassignment mean? I could not find the meaning on the post you provided. 😊 

[gdale6]

---

@alessandrom wrote:

@dragontears  Thank you so much! I'm reading through it. Can you explain a bit more what a scorecard reassignment mean? I could not find the meaning on the post you provided. 😊 

---

An example would be having a single derog on your CR and that derog is removed, you would then be re-bucketed into a different scoring metric to those who have no derogs on their report. There are other known metrics as well that would move you into a different scorecard via being re-bucketed

[thornback]

---

@dragontears wrote:

---

@alessandrom wrote:

woke up this morning to a 28 point loss on my Experian Fico score. Down to 684. The only change on my report was my utilization went from 16 to 17%. My lowes account reported a 400 balance on a $12,000 limit. I'm so confused, I didn't know this would cause such a big point drop otherwise I would of paid it off in full.  😞 

---

What is the age of your oldest account? 

What is your AAOA now?

There are "known" rebucketing thresholds (which causes score decrease most of the time) tied to aging metrics. 

ETA:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Oldest-account-hits-3-yrs-scores-drops-u...

---

@dragontears thx for picking this up and providing the scoring thread... 

Sorry I couldn't get into more detail at the time @alessandrom, I'm at work and, apparently, expected to do stuff....

[SouthJamaica]

---

@alessandrom wrote:

woke up this morning to a 28 point loss on my Experian Fico score. Down to 684. The only change on my report was my utilization went from 16 to 17%. My lowes account reported a 400 balance on a $12,000 limit. I'm so confused, I didn't know this would cause such a big point drop otherwise I would of paid it off in full.  😞 

---

A 1% increase in aggregate utilization did not cause a 28 point loss in FICO points.  So you should look elsewhere for the cause.

[Iusedtolurk]

---

@alessandrom wrote:

@dragontears  my oldest account is 3 years today and my AAOA is 1 year and 5 months today. I do not have any negatives on my reports.

---

@alessandromI remember when I was forewarned of losing points when my AoOA hit "3 years" referenced in this post:

The Big Hit 

I guess you could call it Growing Pains. It is due to the Rebucketing of your credit scores.

For a better understanding Search Forum for *Scorecards* lots of great info to understand them more.