Congrats on your FICO 8 bump with the aging.
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.
@Anonymous 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!
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.
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.
