32 point drop (so far) due to AAoA falling -- larger drop expected

[Anonymous]

Fico Score 8 from Amex: 731

Credit Karma FAKO: 721

CK FAKO history: 769 (one CC account, 6 years 11 months) -> 753 (one card added, AAoA 3 years 6 months) -> 721 (second card added, AAoA 2 years 4 months)

I have three more cards that have not been reported, which will bring my AAoA even lower. I calculated it to be around 1 year 2 months once all the cards appear.

The AoR shall stop now since I have most of the cards I wanted, plus five newly approved cards will put me in the 5/24 rule with Chase.

Utilization is 1%, so it's definitely the inquiries plus AAoA hurting me, along with not having an installment loan.

[Anonymous]

Well, adding the installment loan would certainly help.  As long as you aren't applying for more credit, I'd think you'll rebound from the majority of the hit you took in about a year as all of the inquiries will lose their impact by then and your AAoA will go from 1 year to 2 years.  If you have the installment loan in good standing a year from now I'd think that addition would probably ease some of the loss from the 6 year AAoA to 2 year AAoA, so 1 year from now your FICO scores could be in the low-mid 700's again.

[RonM21]

As long as you garden and maintain, the scores will rebound and may even get higher in the long.run.