@Thomas_Thumb wrote:
@Revelate wrote:
@Anonymous wrote:Interesting TT, I've never heard of an AoYA drop from > 1 year to 0 not resulting in a score ding, although I'm not sure this factor is tested all too often. A few things would need to be in place for the test to work. One, no accounts can have been opened within the last year of course. Two, you'd need someone that's going to open only 1 account test it (like you say you may be able to do) and last, the reporting of the new account cannot result in an AAoA threshold crossing, as it adds in another variable to the potential scoring change.
I guess if you do end up testing this at some point, you'll want to make sure that your AAoA doesn't end in a X.0 - X.2 years or so, of course depending on how thick your file is and how much a new account would drop it in months. Then again, if your AAoA is > 7-8 years already, which it very well may be, it wouldn't matter anyway.
On dirty scorecards, public record variety I only ever took hits for AAOA and never new tradelines. When my tax lien fell off TU, then I see age of youngest as a reason code. This was concretely tested with how many accounts I've opened and testing for AAOA boundaries and I've gone twice with gardening for over a year. This sort of makes sense as it has been suggested it's a scorecard segmentation factor for clean scorecards, but it isn't one for sorting in the bottom 4 (or 2 on older models).
TT: I'm not really posting much on the forum anymore but I will try to see if I can catch the reason codes as there's a month between my Chase Amazon and my First Tech approvals and that's right around the time I pull my annual 3B anyway. Actually I should pull first of August too for TU explicitly as I'm ticking over six months on the most recent tradeline this month just to see, six months might be a thing.
Yes, that's one reason why I say impact of a new account on score is conditioned based on credit profile - which includes scorecard assignment.
Since you have new accounts under 1 year you are unable to test going from over 1 year (12 months) to zero months. I am interested in whether 6 months is any type of threshold has any meaning for new accounts. Need data on AoYA crossing above the 6 month threshold for both clean and dirty files. Unfortunately, if going from above 12 months AoYA to zero AoYa has no impact on dirty scorecards, then the 6 month test probably won't show any positive result.
I had AOYA going over a year on dirty files = no change. Caught that in the mess that is the original installment utilization thread. I'm fairly certain there's not a breakpoint either on six months on dirty files, actually I'm pretty confident in that fact on EQ FICO 5 and I know AOYA matters there; I'm less confident on FICO 8/9 on that front.
Doesn't look like my tax lien is coming off EX or EQ this month so if none of my scores materially shift think that's fairly conclusive on the six month thing... I'll definitely pull a 1B TU though to test 6 months, and likewise I'll check at a year too assuming the reason code doesn't bail at the six month mark. Would note I only have that reason code on TU FICO 4, and I had it on EX FICO 3 when my lien temporarily wandered away in December (though I think my FU was less than six months then I'll double check that) but I've never seen it on any FICO 8/9 model; that admittedly doesn't necessarily mean anything but it might be a difference from FICO 04.
