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Doubts about "Closing an Account doesn't effect aging matrix in FICO"

Birdman7
Super Contributor

Re: Doubts about "Closing an Account doesn't effect aging matrix in FICO"


@DRSECU77 wrote:

I don't understand what this means:

"There’s only one way to find out for sure: can you cross that threshold again? "


@DRSECU77 I apologize I somehow missed this. I was referring to reversing the balance change amounts. In other words, if going from that balance to that balance caused the point change, then reversing that will reverse the point change.

-Scoring wisdom: General Scoring Primer, Payment History, Amount of Debt, Length of History/New Credit, Mix/Disputes/Freezes/Searches, Mortgage Scores/Negative Reason Codes/V.9, Helpful Links,
CassieCard’s Reason Statements Thread,
iv's friendly statement to reason statement concordance,

ccquest’s Workbook to calculate metrics.
Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 21 of 22
Davisk81
Member

Re: Doubts about "Closing an Account doesn't effect aging matrix in FICO"

All I have to say is you guys are awesome for even analyzing this!

Message 22 of 22
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