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AoOA 2yr / AoYA 1yr - Hello new scorecard?

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Valued Contributor

AoOA 2yr / AoYA 1yr - Hello new scorecard?

This is an EX only, clean/young/thin file report at AoOA 2yr / AoYA 1yr.

 

  • 3 accounts on file. 2 open cards + 1 closed installment loan.
  • 1 year 0 months total revolving credit history (SSL open for 1 year, followed by 2 cards for 1 year)
  • 2 year 0 months total credit history (also total age of credit file)
  • Balances on both open accounts reporting the same as last report - to the penny.
  • 9% and 8% individual card utilization with aggregate at 8%
  • High revolving balances makes an appearance this month. $816.00 total out of $11,000 (8%, 7.42% actual).
  • Only 1 inquiry on EX, which will age to 1 year on December 23 (22 days from now).

I think I switched scorecards. EX 2 is down 22 points, and that hurts to see, but the single inquiry last year on Dec 23 caused this score to drop 16pts. I also lost 6pts when both cards reported a balance as opposed to 1 of 2.

 

1 single inquiry cost me between 15 and 30(!) points across all EX scores last year on Dec 23, 2018. (-30 on FICO 3, -19 on FICO 8).

So I should get most of these losses back on the January report.

 

Previous Report

11/30/2019

  • AoOA: 1 yr 11 mo
  • AAoA: 1 yr 3 mo
  • AoYA: 11 mo

Current Report

12/1/19

What changed?

  • AoOA: 2 yr 0 mo
  • AAoA: 1 yr 4 mo
  • AoYA: 1 yr 0 mo
  • Balances on both open accounts (only 2 open cards) are reporting exactly as the previous report - to the penny.

 

  • PAYMENT HISTORY: EXCEPTIONAL
  • AMOUNT OF DEBT: VERY GOOD
  • CREDIT HISTORY LENGTH: POOR
  • *** AMOUNT OF NEW CREDIT: VERY GOOD [CHANGED FROM GOOD]
  • CREDIT MIX: VERY GOOD

 

 

11/30

Δ

12/1

FICO 8

EX

726

+6

732

[Change]

Short credit history, No recent loan activity

 

Short credit history, No recent loan activity, Short revolving credit history

FICO 2

EX

733

-22

711

[Change]

Short credit history, Short revolving credit history, High revolving balances, Seeking credit

 

Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts

FICO Auto 8

EX

713

+7

720

[Change]

Short credit history, No recent loan activity, Few accounts paid on time, Short revolving credit history

 

Short credit history, No recent loan activity, Short revolving credit history, Few accounts paid on time

FICO Bankcard 8

EX

730

+7

737

[Change]

Short credit history, No recent loan activity, Few accounts paid on time, Too many accounts with balances

 

Short credit history, No recent loan activity, Short revolving credit history, Few accounts paid on time

FICO Auto 2

EX

710

-21

689

[Change]

No recent loan activity, Short credit history, Short revolving credit history, High revolving balances

 

Short credit history, Too many accounts with balances, No recent loan activity, No recent auto loan activity

FICO Bankcard 2

EX

739

-19

720

[Change]

Short credit history, Short revolving credit history, High revolving balances, Seeking credit

 

Short credit history, Short installment credit history, Too many accounts with balances, Recently opened too many new credit accounts

FICO 3

EX

731

+18

749

[Change]

Short credit history, Seeking credit, Short revolving credit history, High revolving balances

 

Short credit history, Too many accounts with balances, Seeking credit, Short revolving credit history

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

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6 REPLIES 6
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Super Contributor

Re: AoOA 2yr / AoYA 1yr - Hello new scorecard?

Congrats on your FICO 8 bump with the aging.  

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 2 of 7
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Moderator Emeritus

Re: AoOA 2yr / AoYA 1yr - Hello new scorecard?

Interesting!

 

I have new accounts on my Experian file but won't be able to see much until around May 2020 assuming I don't refinance my mortgage or purchase another (there's an outside chance I may get asked to move to Raleigh and I am sorely tempted to take it if that comes about).

 

I didn't have good reason codes for Experian prior to a year ago and had been in the garden for a while before that so I don't have much data around Experian in particular.  I need to go back to check my old reports (if I remember) for when my youngest account ticked over a year and I got absolutely nothing during my mortgage process where I was zealously tracking everything... but I was in the derogatory scorecards and since those don't have any markings for AOYA anyway that I've been able to find in FICO 8 and prior at least, not very surprising I didn't get anything at a year.

 

 




        
Message 3 of 7
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Super Contributor

Re: AoOA 2yr / AoYA 1yr - Hello new scorecard?


@CassieCard wrote:

This is an EX only, clean/young/thin file report at AoOA 2yr / AoYA 1yr.

 

  • 3 accounts on file. 2 open cards + 1 closed installment loan.
  • 1 year 0 months total revolving credit history (SSL open for 1 year, followed by 2 cards for 1 year)
  • 2 year 0 months total credit history (also total age of credit file)
  • Balances on both open accounts reporting the same as last report - to the penny.
  • 9% and 8% individual card utilization with aggregate at 8%
  • High revolving balances makes an appearance this month. $816.00 total out of $11,000 (8%, 7.42% actual).
  • Only 1 inquiry on EX, which will age to 1 year on December 23 (22 days from now).

I think I switched scorecards. EX 2 is down 22 points, and that hurts to see, but the single inquiry last year on Dec 23 caused this score to drop 16pts. I also lost 6pts when both cards reported a balance as opposed to 1 of 2. There's that more than 50% of cards reporting ding. Have 1 report. it willbe even better once you get your 3rd card as mentioned in your other thread.

 

1 single inquiry cost me between 15 and 30(!) points across all EX scores last year on Dec 23, 2018. (-30 on FICO 3, -19 on FICO 8).

So I should get most of these losses back on the January report. Most of the time. Yes.

 

Previous Report

11/30/2019

  • AoOA: 1 yr 11 mo
  • AAoA: 1 yr 3 mo
  • AoYA: 11 mo

Current Report

12/1/19

What changed?

  • AoOA: 2 yr 0 mo
  • AAoA: 1 yr 4 mo
  • AoYA: 1 yr 0 mo
  • Balances on both open accounts (only 2 open cards) are reporting exactly as the previous report - to the penny.

 

  • PAYMENT HISTORY: EXCEPTIONAL
  • AMOUNT OF DEBT: VERY GOOD
  • CREDIT HISTORY LENGTH: POOR
  • *** AMOUNT OF NEW CREDIT: VERY GOOD [CHANGED FROM GOOD]
  • CREDIT MIX: VERY GOOD

 

 

11/30

Δ

12/1

FICO 8

EX

726

+6

732

[Change]

Short credit history, No recent loan activity

 

Short credit history, No recent loan activity, Short revolving credit history

FICO 2

EX

733

-22

711

[Change]

Short credit history, Short revolving credit history, High revolving balances, Seeking credit

 

Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts

FICO Auto 8

EX

713

+7

720

[Change]

Short credit history, No recent loan activity, Few accounts paid on time, Short revolving credit history

 

Short credit history, No recent loan activity, Short revolving credit history, Few accounts paid on time

FICO Bankcard 8

EX

730

+7

737

[Change]

Short credit history, No recent loan activity, Few accounts paid on time, Too many accounts with balances

 

Short credit history, No recent loan activity, Short revolving credit history, Few accounts paid on time

FICO Auto 2

EX

710

-22

689

[Change]

No recent loan activity, Short credit history, Short revolving credit history, High revolving balances

 

Short credit history, Too many accounts with balances, No recent loan activity, No recent auto loan activity

FICO Bankcard 2

EX

739

-19

720

[Change]

Short credit history, Short revolving credit history, High revolving balances, Seeking credit

 

Short credit history, Short installment credit history, Too many accounts with balances, Recently opened too many new credit accounts

FICO 3

EX

731

+18

749

[Change]

Short credit history, Seeking credit, Short revolving credit history, High revolving balances

 

Short credit history, Too many accounts with balances, Seeking credit, Short revolving credit history


Nice bump on FICO 8. Grab that 3rd card. Keep it up and the score will keep going up!

Message 4 of 7
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Valued Contributor

Re: AoOA 2yr / AoYA 1yr - Hello new scorecard?

I got an alert from myFICO today that TU 8 went up +4pts. 'Short revolving history' moves off the list.

 

I can get this score up +14pts by having 50% of cards report a balance (1/2), and +1pt by having that 1 card report under 4% utilization.

That single inquiry last year cost -18pts on TU 8 - no wonder 'too many inquiries' shows up when it cost that much!

 

 

 

11/30

Δ

12/1

FICO 8

TU

727

+4

731

[Change]

Short credit history, No recent loan activity, Too many accounts with balances, Too many inquiries last 12 months

 

Short credit history, No recent loan activity, Short revolving credit history, Too many inquiries last 12 months [only 1 inq]

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of ResilienceEQ FICO Resilience Index Score Leaderboard

48 forum members have shared this new credit score. Share yours today!

Message 5 of 7
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Moderator Emeritus

Re: AoOA 2yr / AoYA 1yr - Hello new scorecard?

We know inquiries are weighted by aggregate number but probably scorecard too.

 

Your file just at a surface level of detail probably means more weighting towards inquiries than say my file does... did gain +7 on EX FICO 8 and +6 on EX FICO 2 for inquiries #3 and #4 passing a year.

 

Somewhat interesting to me is both were from CU's and explicitly marked as such: ergo, unlike one of my prior theories they do count.  Was almost assuredly binning as has been long since held as accurate but never really nailed down to my or others' satisfaction: I didn't get anything going 5->4 when the USBank auto inquiry passed a year and unfortunately both CU ones were on the same day so no way to distinguish them.  Should be one more breakpoint though as I get a little cleaner, seeking credit is still present, fell to #2 on FICO 2 (short credit history moved above) with 2 scoreable inquiries left EX.

 

Wonder if I got points on EQ FICO 5 given inquiries was #2 there too and LMCU double-pulled, guess will find out later this month as other than swapping which card has my single balance there won't be any other changes on the report.




        
Message 6 of 7
Highlighted
Valued Contributor

Re: AoOA 2yr / AoYA 1yr - Hello new scorecard?

I'm going to put this here so it can be found in a Google search. (Googlebot watches this site like a hawk!)

 

I had an inquiry at TU from December 7, 2017 that was reported as removed on today's (Dec 9, 2019) Wallethub report.

 

My TU VS3 score went up +2pts. I know it's well known here that Vantage Score 3.0 counts all the inquiries that show on a report, even those over 1 year. I'm just posting how much it was affecting my score on a clean/young/thin file.

 

TU VS3 +2pts due to removal of inquiry at 2 years.TU VS3 +2pts due to removal of inquiry at 2 years.

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of ResilienceEQ FICO Resilience Index Score Leaderboard

48 forum members have shared this new credit score. Share yours today!

Message 7 of 7
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