AAoA Tiers?

[Anonymous]

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@RobertEG wrote:

Utilization of credit accounts for approx. 30% of total score, and length of credit is weighted at approx 15%, so that is about double.

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It’s impossible to micro-manage your FICO score based on general and broad info.  I can’t speak for FICO, but my understanding has always been that the pie is a broad overview given to help us understand general FICO workings.  It’s a great advantage to see, for example, how significant of an impact utilization can have on your score.  I doubt that it was ever given as an exacting, “Beam, exactly 30% of your FICO score is given – point for point – on utilization.”  FICO is an extremely complex algorithm with lots of moving data points. 

As John Ulzheimer, who has worked with both Fair Isaac and Equifax puts it, rocket scientists have nothing on the guys that put your credit scores together.

Given that the pie is a broad picture to help us understand the generalities of FICO, it’s also important to remember that utilization - and AAofA - are certainly based on lots of different data points.  Just sayin’. 

A 20 year old open mortgage is not going to have the same impact on my FICO score as a 20 year old open revolving account; and neither of those will have the same impact as a 20 year old open Consumer Finance Account.  It’s another thing altogether if I change that to a 20 year old, but now closed, Consumer Finance Account….and so on ad infinitum.

And utilization can vary by 100 percentage points making a one to one comparison with AAofA virtually unattainable.

The gigantic variations possible in both utilization and AAofA make it impossible and impractical to compare them as simply as A times 2 = U.

[MarineVietVet]

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@RobertEG wrote:

Utilization of credit accounts for approx. 30% of total score, and length of credit is weighted at approx 15%, so that is about double.

It's not a 1 for 1 relationship.

And that's not everything FICO has to say about the matter. It's not an absolute these-percentages-are-locked-in-and-cannot-be-adju​sted-for-any-reason. Let's see what else that link offers.

These percentages are based on the importance of the five categories for the  general population. For particular groups - for example, people who have not  been using credit long - the importance of these categories may be somewhat  different.

So it's definitely not a situation where in every case utilization is twice as important as AAoA or credit history. As always YMMV.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[DJH87]

My AAOA is 7.5 years. Fico rounds down so 7.0 AAOA is used for scoring. Transunion rates me as Great in this category and Equifax rates me as very good.

So, I would assume that the tiers are as follows: Transunion- 2,5,7 years

                                                                                         Equifax- 2,5,8 years

                                                                                          Experian- ?

[haulingthescoreup]

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@DJH87 wrote:

My AAOA is 7.5 years. Fico rounds down so 7.0 AAOA is used for scoring. Transunion rates me as Great in this category and Equifax rates me as very good.

So, I would assume that the tiers are as follows: Transunion- 2,5,7 years

                                                                                         Equifax- 2,5,8 years

                                                                                          Experian- ?

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Perhaps. But in fact, that good/ great stuff on screen one is mostly fluff, sort of rah-rah, keep it up. It is much more likely that it's a combo of your oldest history, AAoA, number of inquiries within the last 6 months to a year, and so on. Do you maybe have an inquiry on Equifax?