Can I get an 800 credit score before my 20th Birthday?

[Anonymous]

Close!  Just curious what the opening dates are on those closed accounts.

[HeavenOhio]

First post on page 3:

@Poppa wrote:
1. Dec-15 Capital One Secured (closed)

2. Feb-16 Discover it (closed)

3. Mar-16 Walmart

4. Apr-16 Slate (closed)

5. Apr-16 freedom

6. Nov-16 CSP (closed)

7. Dec-16 Amex BCP

8. Dec-16 Citi DC

9. Jan-17 Alliant SSL

The first card was opened on 15 December 2015. The Alliant SSL was opened on 17 January 2017. The rest of the accounts were opened in 2016. The scores were current as of 26 December 2017.

[Poppa]

This is the list of closed accounts. They are listed from oldest to newest. 

[Poppa]

I do have an old CCT from September that has the account age language if you need to see that. 

[Thomas_Thumb]

I only see one closed account listed in the above with an open date of 12/2015. If you have more than one closed account, what were the open dates of the others? In any event, it looks like AoOA crossed 2 years - I think this is a key milestone. See below:

MY DD has only 2 accounts - credit cards. One opened 12/2015 and the other 1/2016. Last week DD informed DW that her TU Fico 8 (as reported on her Discover card) jumped to above 780 from the high 750s. I suspect 2 years AoOA is an important milestone.

Note: DD does not look at credit reports or credit summaries so I can't say whether her AAoA hit the 2 year mark. Also, she only pays statement balances and allows all charges to report. Thus, part of her jump in score may relate to a reduction in aggregate UT% which generally fluctuates between 5% and 25%. Key point is her score had not been above 760 until the 2 year AoOA mark.

So - to answer the OPs question - I think he will be 20 before 800 is reached assuming oldest account reaches 2 years after 20th BDay and AoYA has reached 12 months.

[joltdude]

Tom,

Do you think the OP will be close?  If so, from the data you see.. do you think it will be in the 780-790 ballpark or?

Im not so hard on datapoints but I kinda predict somewhere in that range....

-J

[Poppa]

you only see the one that is the oldest at the very top of the list of the closed accounts that are listed from oldest to newest.  you want 6 more screen shots of the others newer than that? 

[joltdude]

Poppa: 

I hope you think asking for all this info is not because folks dont believe you.. its more like its not a very common occurance and they are trying to figure out what happened.... An 800 score that quick even on a clean report is still a rare bird indeed...

-J

[arkane]

I think it's very believable. I had a 788 TU and 781 EX with just one open revolver and 23 months of history. With a much thicker file and an installment loan I definitely think 800 by 2 years is reasonable.

[Thomas_Thumb]

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@joltdude wrote:

Tom,

Do you think the OP will be close?  If so, from the data you see.. do you think it will be in the 780-790 ballpark or?

Im not so hard on datapoints but I kinda predict somewhere in that range....

-J

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According to the OP's profile, he has an open SSL on file. So, once the 2 year mark is eclipsed, I think score could go from 780 - 790 before 2 year AoOA to 800 - 810 just after 2 year AoOA ... assuming utilization & cards reporting are optimized and no new credit. Key point is AoYA also reaching 12 months.

An open SSL in combination with revolving CC accounts has a nominal 30 point boost potential over a CC only profile - for Fico 8 scoring.