Boy Did My Credit Report Go Through Changes Today

[Iusedtolurk]

Yesterday my...(Experian)

AAoA   was 2 yrs 11 months

AoOA   was 3 yrs 11 months

AoYRA was 1 yr 10 months

Today my...(Experian)

AAoA   was 3 yrs

AoOA   was 4 yrs

AoYRA was 1 yr 11 months

I was curious if I would get a couple points on my Fico 8 so when I checked I did get 2 points on Fico 8.

Well alright! It had been stuck on 745 for the last 4 months.

So I decided to check my other scores for the heck of it and BOY! did they go through some changes.

                 YESTERDAY                   TODAY

FICO 8         745                                 747             +2 pts

FICO 2         760                                 779             +19 pts

FICO AU8    732                                 734            +2 pts     

FICO AU2    727                                 744            +17 pts

FICO BC8    769                                 771            +2 pts

FICO BC2    777                                 796            +19 pts

FICO 3         739                                 758            +19 pts    

Haven't had those types of increases in quite some time since rebuilding.

What a difference a day makes.

And to note that all other variables are exactly the same. The only changes were the AoOA-AAoA-AoYRA.

Can't wait to see how Trans and Equifax React when they upate AoOA-AAoA-AoYRA. (hopefully the same).

[NRB525]

Congrats! That's nearly two years with no new accounts, well played !

[Iusedtolurk]

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@NRB525 wrote:

Congrats! That's nearly two years with no new accounts, well played !

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@NRB525  Definitely wasn't easy. When I first started I opened 8 accounts the 1st year and 4 the 2nd. The "Congrats you are Approved" was a great feeling.

I never pledged to garden officially but I did it unofficially and next month that last inquiry will drop off my Transunion.

[folks19]

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@Iusedtolurk wrote:

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@NRB525 wrote:

Congrats! That's nearly two years with no new accounts, well played !

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@NRB525  Definitely wasn't easy. When I first started I opened 8 accounts the 1st year and 4 the 2nd. The "Congrats you are Approved" was a great feeling.

I never pledged to garden officially but I did it unofficially and next month that last inquiry will drop off my Transunion.

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I like that strategy of opening many new accounts during your first year of building credit and then gardening. Doing this prevents a major loss in AAoA in the future, and it also protects you from losing your AoOA should you close it down the line. I would advise doing this unless you are planning on getting a mortgage or another big loan that year.

[Iusedtolurk]

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@folks19 wrote:

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@Iusedtolurk wrote:

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@NRB525 wrote:

Congrats! That's nearly two years with no new accounts, well played !

---

@NRB525  Definitely wasn't easy. When I first started I opened 8 accounts the 1st year and 4 the 2nd. The "Congrats you are Approved" was a great feeling.

I never pledged to garden officially but I did it unofficially and next month that last inquiry will drop off my Transunion.

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I like that strategy of opening many new accounts during your first year of building credit and then gardening. Doing this prevents a major loss in AAoA in the future, and it also protects you from losing your AoOA should you close it down the line. I would advise doing this unless you are planning on getting a mortgage or another big loan that year.

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@folks19This way worked good for me. When I started the rebuild my credit scores were barely 500 so I decided to take all my hits at once.

I spreaded my inquiries between the bureaus as much as I could and only did pre-quals to avoid wasted Hps. Out of the 13 accounts I applied for only one was denied. (a pre-appoval I received in the mail that didn't turn out approved).

All my Fico 8s are around 750+ now. Mortgage scores looking pretty good (middle around 760). I may be looking at a mortage latter part of the year so if I do that I will more than likely upgrade to a couple of better prime cards.

I have a box with about 60 or more offers from all the top cards just waiting to be shredded.

[folks19]

@Iusedtolurk I think you are on a good track. I am relatively new to credit (AoOA 2.5 years) and I have opened over 25 accounts. My AAoA is 11 months and it is nearly amune from losing age. If I open a new card, I will lose less than a 1/5 of a month. Imagine someone with 3 cards and 10 years of AAoA, if they open a new card, they just went down from 10 years to 7.5 years, which will lead such a person to put major consideration into opening new accounts. But if I waited 10 years without opening new accounts and then opened a new account, I would fall from 10 years to 9.5 years, taking a hit of no less than half a year.

[Iusedtolurk]

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@folks19 wrote:

@Iusedtolurk I think you are on a good track. I am relatively new to credit (AoOA 2.5 years) and I have opened over 25 accounts. My AAoA is 11 months and it is nearly amune from losing age. If I open a new card, I will lose less than a 1/5 of a month. Imagine someone with 3 cards and 10 years of AAoA, if they open a new card, they just went down from 10 years to 7.5 years, which will lead such a person to put major consideration into opening new accounts. But if I waited 10 years without opening new accounts and then opened a new account, I would fall from 10 years to 9.5 years, taking a hit of no less than half a year.

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@folks19LOL Now that's a Great Strategy!