No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
My AoYA is 4 mos. Will the hit be minimal, once my new card hits?(edited to add needed info below)
current scores/inq's in siggy
EX
AoOA 5ys 3mos
AAOA 2ys 2mos
AoYA 4mos
2 coll=1 6.5yrs old/1 8mos old
3 CO(1 paid)2=4yrs old
TU
AoOA 9yrs 9mos
AAOA 2yrs 9mos
AoYA 4mos
1 coll=8 mos old
3 CO(1 paid)2=4yrs old
EQ
AoOA 9yrs 9mos
AAOA 3yrs
AoYA 4mos
1 coll=8 mos old
3 CO(1 paid)2=4yrs old
Let me know if I'm missing anything???
>
I don’t really know the answer, but my youngest is 4 mos too and I haven’t seen any change in it going from when it was 0 mos to where it is now. I think I would be more worried about the average age going under 2 years. I think I remember seeing somewhere that is a factor. It looks like you may get under that with a new account.
@dynamicvb wrote:I don’t really know the answer, but my youngest is 4 mos too and I haven’t seen any change in it going from when it was 0 mos to where it is now. I think I would be more worried about the average age going under 2 years. I think I remember seeing somewhere that is a factor. It looks like you may get under that with a new account.
Thanks, dynamic.
Well, I ALREADY plugged the "new"(Cap1) card into AAOA. I am just trying to see if anyone knows the "estimated" impact of going from AoYA @4mos to AoYA @ 2mos(since Cap1 will report @ month 2) with information provided??
It might just be a generic answer.../YMMV?
Definitely appreciate the reply, though
>
"My AoYA is 4 mos. Will the hit be minimal, once my new card hits?(edited to add needed info below)
current scores/inq's in siggy
EX
AoOA 5ys 3mos
AAOA 2ys 2mos
AoYA 4mos
2 coll=1 6.5yrs old/1 8mos old
3 CO(1 paid)2=4yrs old"
-------------------------------------------
My hope is you can gain something from all this, or at least ...someone else can?
my profile is a little different than yours.
I just Finished a Massive "App O Rama" spree
added 12 new CC's in 4weeks (about 4 cards Amex & USBank have not reported yet, although I Have been using them)
EX 20 inquiries 24mos, yes 20 / didnt do the math on the last 12mos
overall Util = 12% Credit Usage
Oldest Acct. 34yrs
Average Age of ALL 3.9 years (after spree)
AoYA 0mos
2 30day lates 1=12/31/13 (My Screw Up) & 1 =12/2016 (Hospitalized)
1 Paid Child Support Derog. (X-wife filed bogus paperwork, took 6 months to get court date, I didnt owe!)
I have only seen a 9 point drop in My EX FICO8
ZERO AA in any Accounts including "Chase"
EX FICO8 Beginning of "App O Rama" Spree = 704 >> (I Think or real close)
EX Current as of Today 2/2/2019 = 695
havent really calculated EQ and TU yet..
Edited:
6 paid auto Loans Reporting totalling $200K+
No Mortgage / Paid house off in 2005
No Personal or Self Lender Loans
Income = Ability to pay ALL CL's/SL's (if Maxed all of them out) In 2 Months.
True Stated Income!
I am NOT reccomending an "App o Rama" spree like mine,
as some CCC's will take AA for "Credit Seeking" , "Too Many Inquires" & "Too many new accounts"
as always, YEMV/YMMV
@Anonymous wrote:
"My AoYA is 4 mos. Will the hit be minimal, once my new card hits?(edited to add needed info below)
current scores/inq's in siggy
EX
AoOA 5ys 3mos
AAOA 2ys 2mos
AoYA 4mos
2 coll=1 6.5yrs old/1 8mos old
3 CO(1 paid)2=4yrs old"
-------------------------------------------My hope is you can gain something from all this, or at least ...someone else can?
my profile is a little different than yours.
I just Finished a Massive "App O Rama" spree
added 12 new CC's in 4weeks (about 4 cards Amex & USBank have not reported yet, although I Have been using them)
EX 20 inquiries 24mos, yes 20 / didnt do the math on the last 12mos
overall Util = 12% Credit Usage
Oldest Acct. 34yrs
Average Age of ALL 3.9 years (after spree)
AoYA 0mos
2 30day lates 1=12/31/13 (My Screw Up) & 1 =12/2016 (Hospitalized)
1 Paid Child Support Derog. (X-wife filed bogus paperwork, took 6 months to get court date, I didnt owe!)
I have only seen a 9 point drop in My EX FICO8
ZERO AA in any Accounts including "Chase"EX FICO8 Beginning of "App O Rama" Spree = 704 >> (I Think or real close)
EX Current as of Today 2/2/2019 = 695havent really calculated EQ and TU yet..
I am NOT reccomending an "App o Rama" spree like mine,
as some CCC's will take AA for "Credit Seeking" , "Too Many Inquires" & "Too many new accounts"
as always, YEMV/YMMV
Thanks, Credit_Aholic.
I'm beginning to think there may not be much of a hit as I keep thinking there might be...
Congrats on the spree!
I'm not much of a spree kind of guy really. Even if my scores/profile could support it-Iwouldn't do it. I say that but, maybe when I'm in the high 700's??
thanks again
>
you are welcome, keep us updated, as I'm trying to learn.
I go on a Crazy App spree all at once (some do not reccomend)
but I know at the beginning of next year, all those 12 month inquiries no longer count against your score, unless something changes.
I am going to work on Gardening, Reading, learning more about FICO8 Score Modeling, get my scores up to 760-780
and add some low interest credit union card's to the mix. this month, i will pay down my overall Util. below 8.9%
probably to 6% ...Everything i'm using is 0% BT's & Amazon Promotional till like Sept. of 2020.
so I am currently NOT paying any Interest. also probably weed out a few cards over time, if I dont like the way they're treating Me.
@Anonymous wrote:you are welcome, keep us updated, as I'm trying to learn.
I go on a Crazy App spree all at once (some do not reccomend)
but I know at the beginning of next year, all those 12 month inquiries no longer count against your score, unless something changes.
I am going to work on Gardening, Reading, learning more about FICO8 Score Modeling, get my scores up to 760-780
and add some low interest credit union card's to the mix. this month, i will pay down my overall Util. below 8.9%
probably to 6% ...Everything i'm using is 0% BT's & Amazon Promotional till like Sept. of 2020.
so I am currently NOT paying any Interest. also probably weed out a few cards over time, if I dont like the way they're treating Me.
Well, you'll definitely be on your way gardeing-smart move
Definitely the Best of Luck to ya!!
I'll add an update here once the new account hits and see what happens to my scores/changes. Hopefully, it'll help someone else a lil(?)
>
An AoYA drop of 4 months to 2 months is likely a non-event. Not only will it not impact your scores much, IMO it won't adversely impact your scores at all. If there is a 3 month threshold (which I don't believe, but some do) you'd see whatever point drop you experience come back on the 1st of the following month.
@Anonymous wrote:An AoYA drop of 4 months to 2 months is likely a non-event. Not only will it not impact your scores much, IMO it won't adversely impact your scores at all. If there is a 3 month threshold (which I don't believe, but some do) you'd see whatever point drop you experience come back on the 1st of the following month.
Thanks, BBS.
...and that's kind of what I'm thought/hoping for anyways...IF there will be that(?) actually factored...?
I'll know here in a few days when EX updates(it's usually 1st to update)
Thanks again, BBS
>