Age of Youngest Account

[Revelate]

Well this sucks, I had possibly three changes and apparently don't track things closely enough lately: 

• EX: Inquiry count 2->1 (and still complains about recently seeking credit, no bin with 0 apparently)
• EX and EQ: AOAA 47 months to 48 months (4 years), TU is missing my CFA tradeline
• AOYA 11 months to 12 months 

Sample score increases:

• EX FICO 8: 795 -> 822 (whoa).  Yup 27 point gain, Happy New Year to me!
• EQ FICO 8: 797 ->  809
• TU FICO 8: 774 -> 774 (now that's interesting); note TU has a 30D late on it which is a different scorecard almost assuredly even if not one of the bottom 4.

Here's something a little more concrete: You opened a new credit account relatively recently.

• EX FICO 2: gone
• EX FICO 3, EQ FICO 5, TU FICO 4: on ALL of them, and industry options that I checked
• FICO 8: gone on EQ  / EX, wasn't on TU on my last pull
• FICO 9: never had it to begin with on my files

I still have this reason code though on some models: You've recently opened too many new credit accounts, namely FICO 2, so that's calculating differently.

I obviously need to try to catch the AAOA 4 year transition on TU, on the surface looks like it isn't a breakpoint but far too many things going on with my file currently.

ETA: feeling better about the datapoint, DCU had a 12/29 pull of 771, and today's EQ FICO 5 771.  No AAOA change, no inquiry change, no AOYA change apparently on that model, which unless AAOA is calculated differently on different scorecards (sure looks like AOYA is) then I'm happy other than the inquiry fungibility on EX.

[expatCanuck]

Congrats on the 800+ scores.

[Revelate]

---

@expatCanuck wrote:

Congrats on the 800+ scores.

---

Thanks senor!

I was pretty surprised by that, does show how many points can be gained from gardening alone on pretty scorecards even.  I didn't think I was going to get above 800 until my mortgage was non-trivially paid down... tickled pink on that point and with both EQ FICO 5 and EX FICO 2 north of 760, I'm sitting pretty if I do need to move and get another mortgage.

[Moneyklutz]

I still wonder if there's a diminutive guy in a white lab coat wearing coke-bottle glasses in a dark room somewhere with a big grin on his face pushing the button labeled:

'Scoring Method Randomizer'  ------->   only use when they get close to figuring it all out    

...sometimes I think maybe I watched too many Saturday morning cartoons when I was a kid.

Kudo-cookie for you for the 800's breakthroughs but mostly for the appropriate use of fungability  in your post.

[Thomas_Thumb]

---

@Revelate wrote:

Well this sucks, I had possibly three changes and apparently don't track things closely enough lately: 

EX: Inquiry count 2->1 (and still complains about recently seeking credit, no bin with 0 apparently)

• EX and EQ: AOAA 47 months to 48 months (4 years), TU is missing my CFA tradeline
• AOYA 11 months to 12 months 

Sample score increases:

• EX FICO 8: 795 -> 822 (whoa).  Yup 27 point gain, Happy New Year to me!
• EQ FICO 8: 797 ->  809
• TU FICO 8: 774 -> 774 (now that's interesting); note TU has a 30D late on it which is a different scorecard almost assuredly even if not one of the bottom 4.

Here's something a little more concrete: You opened a new credit account relatively recently.

• EX FICO 2: gone
• EX FICO 3, EQ FICO 5, TU FICO 4: on ALL of them, and industry options that I checked
• FICO 8: gone on EQ  / EX, wasn't on TU on my last pull
• FICO 9: never had it to begin with on my files

ETA: feeling better about the datapoint, DCU had a 12/29 pull of 771, and today's EQ FICO 5 771.  No AAOA change, no inquiry change, no AOYA change apparently on that model, which unless AAOA is calculated differently on different scorecards (sure looks like AOYA is) then I'm happy other than the inquiry fungibility on EX.

---

Congratulations.

Sure looks like that little AoYA crossing 12 months was quite impactful on score for your non Derog scorecards

P.S. There may be separate AoYA scoring factors for revolving vs installment as there are for utilization.

[Revelate]

---

@Thomas_Thumb wrote:

---

Congratulations.

Sure looks like that little AoYA crossing 12 months was quite impactful on score for your non Derog scorecards

P.S. There may be separate AoYA scoring factors for revolving vs installment as there are for utilization.

---

Interesting thought there; doesn't appear to be such for AAOA even though to add to the utilization there's seperate ones for length of history for revolving and installment too.  

Any other data besides conjecture on this one?  My installment loans are all 2+ years old at this point, didn't see any strange point gains around the mortgage anniversaries but that doesn't necessarily mean much.  Actually I was in a derog scorecard for the first one, and why would there be such when there's not for revolving on those scorecards.  Hrm, if I had to guess installment tradelines may not fall under that at all just given the historical usage of them.  If I move and therefore get a new mortgage, will look for that for sure.

Overall I was pretty surprised on clean files that it made that much of a difference; there wasn't anything like that on my old dirty scorecards but while 12 points isn't impactful to me on FICO 8 currently it would be on some mortgage scores potentially.  I also didn't realize how odd the FICO 04 ducks were, no installment utilization and AOYA apparently calculated differently too.  Now starting to wonder what other things aren't the same in the nitty gritty algorithm details besides the broad strokes we've discussed earlier.

[pizza1]

Thats awesome Rev!! Those scores are super nice!! Thanks so much for posting all your data and taking the time to type it out here, and on some of your other longer posts.

[atarvuzdar]

---

@Thomas_Thumb wrote:

---

@Revelate wrote:

Well this sucks, I had possibly three changes and apparently don't track things closely enough lately: 

EX: Inquiry count 2->1 (and still complains about recently seeking credit, no bin with 0 apparently)

• EX and EQ: AOAA 47 months to 48 months (4 years), TU is missing my CFA tradeline
• AOYA 11 months to 12 months 

Sample score increases:

• EX FICO 8: 795 -> 822 (whoa).  Yup 27 point gain, Happy New Year to me!
• EQ FICO 8: 797 ->  809
• TU FICO 8: 774 -> 774 (now that's interesting); note TU has a 30D late on it which is a different scorecard almost assuredly even if not one of the bottom 4.

Here's something a little more concrete: You opened a new credit account relatively recently.

• EX FICO 2: gone
• EX FICO 3, EQ FICO 5, TU FICO 4: on ALL of them, and industry options that I checked
• FICO 8: gone on EQ  / EX, wasn't on TU on my last pull
• FICO 9: never had it to begin with on my files

ETA: feeling better about the datapoint, DCU had a 12/29 pull of 771, and today's EQ FICO 5 771.  No AAOA change, no inquiry change, no AOYA change apparently on that model, which unless AAOA is calculated differently on different scorecards (sure looks like AOYA is) then I'm happy other than the inquiry fungibility on EX.

---

Congratulations.

Sure looks like that little AoYA crossing 12 months was quite impactful on score for your non Derog scorecards

P.S. There may be separate AoYA scoring factors for revolving vs installment as there are for utilization.

---

+1

This past year when my upgraded JCP MC account turned 1 year old I gained over 20 points on my clean (ie. no lates, no collections or other baddies) profiles. I had approx. 50% overall util at the time, scores were in the 600s, the JCP MC was my youngest account.

My scores are now all in the 780s across all 3 CBs and my overall util with AZEO is less than 1%. My youngest account is now a 2 month old mortgage. I'm not sure that an infant mortgage scores anywhere near the same as a baby CC, though. I didn't seem to lose any points at all when it reported.

[Revelate]

---

@atarvuzdar wrote:

---

@Thomas_Thumb wrote:

---

@Revelate wrote:

Well this sucks, I had possibly three changes and apparently don't track things closely enough lately: 

EX: Inquiry count 2->1 (and still complains about recently seeking credit, no bin with 0 apparently)

• EX and EQ: AOAA 47 months to 48 months (4 years), TU is missing my CFA tradeline
• AOYA 11 months to 12 months 

Sample score increases:

• EX FICO 8: 795 -> 822 (whoa).  Yup 27 point gain, Happy New Year to me!
• EQ FICO 8: 797 ->  809
• TU FICO 8: 774 -> 774 (now that's interesting); note TU has a 30D late on it which is a different scorecard almost assuredly even if not one of the bottom 4.

Here's something a little more concrete: You opened a new credit account relatively recently.

• EX FICO 2: gone
• EX FICO 3, EQ FICO 5, TU FICO 4: on ALL of them, and industry options that I checked
• FICO 8: gone on EQ  / EX, wasn't on TU on my last pull
• FICO 9: never had it to begin with on my files

ETA: feeling better about the datapoint, DCU had a 12/29 pull of 771, and today's EQ FICO 5 771.  No AAOA change, no inquiry change, no AOYA change apparently on that model, which unless AAOA is calculated differently on different scorecards (sure looks like AOYA is) then I'm happy other than the inquiry fungibility on EX.

---

Congratulations.

Sure looks like that little AoYA crossing 12 months was quite impactful on score for your non Derog scorecards

P.S. There may be separate AoYA scoring factors for revolving vs installment as there are for utilization.

---

+1

This past year when my upgraded JCP MC account turned 1 year old I gained over 20 points on my clean (ie. no lates, no collections or other baddies) profiles. I had approx. 50% overall util at the time, scores were in the 600s, the JCP MC was my youngest account.

My scores are now all in the 780s across all 3 CBs and my overall util with AZEO is less than 1%. My youngest account is now a 2 month old mortgage. I'm not sure that an infant mortgage scores anywhere near the same as a baby CC, though. I didn't seem to lose any points at all when it reported.

---

Did your scores dip with the mortgage being tacked on to your credit report, or did you have any other accounts under a year when we're talking FICO 8?

I'm assuming the mortgage was delayed in reporting by a few months so things like mortgage inquiries would already be factored into the score by then.  Appreciate the datapoint regardless, though sounds like perhaps installment loans may not be counted towards that.

[Thomas_Thumb]

---

@atarvuzdar wrote:

---

@Thomas_Thumb wrote:

P.S. There may be separate AoYA scoring factors for revolving vs installment as there are for utilization.

---

+1

This past year when my upgraded JCP MC account turned 1 year old I gained over 20 points on my clean (ie. no lates, no collections or other baddies) profiles. I had approx. 50% overall util at the time, scores were in the 600s, the JCP MC was my youngest account.

My scores are now all in the 780s across all 3 CBs and my overall util with AZEO is less than 1%. My youngest account is now a 2 month old mortgage. I'm not sure that an infant mortgage scores anywhere near the same as a baby CC, though. I didn't seem to lose any points at all when it reported.

---

Is the mortgage your one and only open installment loan? If so, adding an open installment loan typically adds some points to Fico 8 in an amount that would more than offset the new account. 

What I found interesting was a poster in another thread has a 3 year old Auto loan with 30% B/L remaining. He added a new Auto loan and score dropped 34 points. I believe a contributing factor in the score drop is the new installment loan account. The increase in aggregate B/L (probably to around 70%) would not account for 34 points. I've seen more than a few posts where adding a new installment loan (when someone already has one or more open loans) results in a score drop even though aggregate B/L may not cross a critical threshold. The drop appears to be more impactful if the the other loan is "seasoned".