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My AAoA is sitting at 5 yrs 11mo right now. Will I see any kind of score increase next month when it hits 6 years? (all other factors ignored)
Possibly you'll see something at 72 months, but if so it's nothing significant. At 78 months a threshold exists for many, myself included, but again it's not significant at 4-5 points on average.
@Anonymous wrote:
OP, i’m pretty sure I identified a two point threshold at 60 months. Depending on scorecard of course. It would be wonderful to have some confirmation testing.
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/AAoA-DPs-on-clean-aged-thick-new-accts-C2-scorecard/m-p/5590622#M154686
Do you know which scorecard you’re on? Is your file clean or dirty? What is the age of your oldest account, your youngest account and how many for accounts do you have open and closed?
It's funny but there seems to be more 'threshold' action at the intervening 6-month periods than the whole integer year marks. E.g., I'm pretty sure I located one at 3 years 6 months, and @Anonymous has identified 6 years 6 months.
Nice to see Birdman mention scorecards. It's helpful to remember that FICO 8 has 12 different scorecards, and the different scorecards could have different breakpoints for AAoA. In fact, I'd suggest that it is more likely than not that the AAoA breakpoints for a profoundly dirty scorecard are different from a scorecard that is clean (but extremely thin) and again from a clean profile that has several accounts and an Age of Oldest of 4 years. I don't know of course, but my guess is that has at least a 50-50 chance of being true.
And that is just FICO 8! There are other FICO models entirely -- e.g. FICO 9 and the much older mortgage models. These could have yet different AAoA breakpoints.
It's also possible that FICO looks at AAoA in tandem with AoOA, in addition to considering them separately. We know that some (non-FICO) models do this, because they are a bit more transparent and precise in supplying the public with a detailed list of all reason codes in the model. In terms of AAoA vs. AoOA they look at both, and if there is a huge difference, then that constitutes an additional reason for a scoring penalty. (Example: a person with an AoOA of 21 years and an AAoA of 1.8 years.) If FICO does this it would get subsumed under the general broad negative reason statement about "age of accounts" -- a vague statement that often involves guesswork as to what in the profile is causing it.
Vantage may do so as well. It's been a while since I have looked through all its reason codes.
@Anonymous wrote:
Where can one access those?
I've only seen Vantage reason codes in Alliant's interface. Like CGID I haven't looked at those in a while.
Can play around at https://www.reasoncode.org/ but for my file:
I am not quite sure that these were all Transunion, that December one looks weird but it's when I had my HELOC maxxed out. TU has a 60D late from April 2018. Actually just looking at those reason codes has me SMH... some of those are splitting way too many hairs but Vantage is a weird duck compared to FICO for a number of reasons, I can't explain that 800 either so soon after the 60D and at 780 now, but w/e.
780 March 2019 | 1. You have too many delinquent or derogatory accounts 2. The worst payment status on your accounts is delinquent or derogatory 3. Lack of sufficient credit history on bankcard or revolving accounts 4. Open real estate acct balances are too high compared to their loan amts |
734 December 2018 | 1. Total of all balances on bankcard or revolving accounts is too high 2. The date that you opened your oldest account is too recent 3. Open real estate acct balances are too high compared to their loan amts 4. The total of all balances on your open accounts is too high |
742 September 2018 | 1. You have too many delinquent or derogatory accounts 2. Lack of sufficient credit history on bankcard or revolving accounts 3. The worst payment status on your accounts is delinquent or derogatory 4. Too many of the delinquencies on your accounts are recent |
806 June 2018 | 1. Newest delinquent/derogatory payment status on your accts is too recent 2. The date that you opened your oldest account is too recent 3. Total of all balances on bankcard or revolving accounts is too high 4. The balances on your accounts are too high compared to loan amounts |
@Anonymous wrote:
Where can one access those?
Here's a list of all the Vantage Score 3.0 reason codes I could find, in a nice HTML table rather than a PDF.
Taken from: https://www.reasoncode.org/allcodes Also has VS4 reason codes now.
--Code--- | Vantage Score 3.0 Reason Code / Text Table |
4 | The balances on your accounts are too high compared to loan amounts |
5 | Too many of the delinquencies on your accounts are recent |
6 | You have too many accounts that were opened recently |
7 | You have too many delinquent or derogatory accounts |
8 | You have either too few loans or too many loans with recent delinquencies |
9 | The worst payment status on your accounts is delinquent or derogatory |
10 | You have either very few loans or too many loans with delinquencies |
11 | The total of your delinquent or derogatory account balances is too high |
12 | The date that you opened your oldest account is too recent |
13 | Your most recently opened account is too new |
14 | Lack of sufficient credit history |
15 | Newest delinquent/derogatory payment status on your accts is too recent |
16 | The total of all balances on your open accounts is too high |
17 | Balance on previously delinquent accts are too high compared to loan amts |
18 | Total of balances on accts never late is too high compared to loan amts |
21 | No open accounts in your credit file |
22 | No recently reported account information |
23 | Lack of sufficient relevant account information |
29 | Too many of your open bankcard or revolving accounts have a balance |
30 | Too few of your bankcard or other revolving accounts have high limits |
31 | Too many bankcard or other revolving accounts were opened recently |
32 | Balances on bankcard/revolving accts too high compared to credit limits |
33 | Your worst bankcard or revolving account status is delinquent/derogatory |
34 | Total of all balances on bankcard or revolving accounts is too high |
35 | Your highest bankcard or revolving account balance is too high |
36 | Your largest credit limit on open bankcard or revolving accts is too low |
39 | Available credit on your open bankcard or revolving accounts is too low |
40 | The date you opened your oldest bankcard or revolving acct is too recent |
42 | The date you opened your newest bankcard or revolving acct is too recent |
43 | Lack of sufficient credit history on bankcard or revolving accounts |
44 | Too many bankcard or revolving accounts with delinquent/derogatory status |
45 | Total balances too high on delinquent/derogatory bankcard/revolving accts |
47 | No open bankcard or revolving accounts in your credit file |
48 | No bankcard or revolving recently reported account information |
49 | Lack of sufficient relevant bankcard or revolving account information |
53 | The worst status on your real estate accounts is delinquent or derogatory |
54 | The amt of balance paid down on your open real estate accounts is too low |
55 | Open real estate acct balances are too high compared to their loan amts |
57 | Too many real estate accts with delinquent or derogatory payment status |
58 | The total of all balances on your open real estate accounts is too high |
61 | No open real estate accounts in your credit file |
62 | No recently reported real estate account information |
63 | Lack of sufficient relevant real estate account information |
64 | No open first mortgage accounts in your credit file |
65 | Lack of sufficient relevant first mortgage account information |
66 | Your open auto account balances are too high compared to their loan amts |
68 | No open auto accounts in your credit file |
69 | Lack of sufficient relevant auto account information |
71 | You have either very few installment loans or too many with delinquencies |
72 | Too many installment accts with a delinquent or derogatory payment status |
73 | The worst status on your installment accounts is delinquent or derogatory |
74 | The balance amount paid down on your open installment accounts is too low |
75 | The installment account that you opened most recently is too new |
76 | You have insufficient credit history on installment loans |
77 | The balances on your accounts are too high compared to loan amounts |
78 | Balances on installment accts are too high compared to their loan amounts |
79 | Too many of the delinquencies on your installment accounts are recent |
81 | No open installment accounts in your credit file |
83 | Lack of sufficient relevant installment account information |
84 | The number of inquiries was also a factor, but effect was not significant |
85 | You have too many inquiries on your credit report. |
86 | Your credit report contains too many derogatory public records |
87 | Your credit report contains too many unsatisfied public records |
88 | One or more derogatory public records in your credit file is too recent |
90 | Too few discharged bankruptcies |
93 | The worst status on your student loan accts is delinquent or derogatory |
94 | The balance amount paid down on your open student loan accts is too low |
95 | You have too many collection agency accounts that are unpaid |
96 | The total you owe on collection agency accounts is high |
97 | You have too few credit accounts |
98 | There is a bankruptcy on your credit report |
| Exclusion Scores |
0001 | File/trade indicating consumer is deceased |
0004 | No information on credit report (other than maybe inquiries) |
9000 | System Exclusion |