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EX ticked to 850 - 3 possible reasons why:

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Anonymous
Not applicable

Re: EX ticked to 850 - 3 possible reasons why:

TT, I figured my AAoA across all installment loans (open and closed) to be 88.4 months currently, so if it went from 87.4 last month to 88.4 this month I suppose in theory a threshold could exist at 88 months?

Message 21 of 27
Anonymous
Not applicable

Re: EX ticked to 850 - 3 possible reasons why:


@Anonymous wrote:

@Anonymous

I'm not sure aging of installment loan is a factor. My AoYA is just 9 months (installment ssl).  


If it is, I would think points in time greater than the 12 month mark associated with AoYA would be very likely to be thresholds.

 

Off topic, but you should without question see your EQ score jump to 850 in 3 months when your SSL reaches 12 months in age.  Good to see you were able to achieve a pair of 850's already with your AoYA < 12 months.

 

@Anonymous BBS...now that I look back, my EX/TU scores never dropped from 850 even with AoYA @ 0 mo. I opened the SSL last November, it reported in December. Prior to that I'd already gone 7-8 consecutive months @Anonymous, add another 9 months from the SSL and it's something like 16-17 consecutive months without EX/TU dropping from 850.  Based on my data points I don't think aging of a single installment loan could be a factor, although I did have several closed installment loans dating back to 2010-2016. So maybe they factor the aggregate when it comes to aging of installment loans?

 

As far as EQ reaching 850, I that 841 is from at least a year ago. So I need to pull my EQ-8 score and see where it is currently, hopefully it's at 850!


 

Message 22 of 27
Anonymous
Not applicable

Re: EX ticked to 850 - 3 possible reasons why:


@Anonymous

Thanks BBS...now that I look back, my EX/TU scores never dropped from 850 even with AoYA @ 0 mo. I opened the SSL last November, it reported in December. Prior to that I'd already gone 7-8 consecutive months @850, add another 9 months from the SSL and it's something like 16-17 consecutive months without EX/TU dropping from 850.  Based on my data points I don't think aging of a single installment loan could be a factor, although I did have several closed installment loans dating back to 2010-2016. So maybe they factor the aggregate when it comes to aging of installment loans?

 

As far as EQ reaching 850, I that 841 is from at least a year ago. So I need to pull my EQ-8 score and see where it is currently, hopefully it's at 850!


 


I would say you must have some serious buffer built in if the penalty associated with opening a new account (AoYA drop to 0) allows your score(s) to stay at 850.  That's a seriously bulletproof file IMO!

Message 23 of 27
Thomas_Thumb
Senior Contributor

Re: EX ticked to 850 - 3 possible reasons why:

AoYA is strictly generic from what I have read - not segmented by account type. In contrast account history (AAoA and AoOA) is referenced generically (all types of accounts together) and specifically (installment loans) in Fico reason codes. Don't recall seeing revolving AAoA and AoOA as a line item - will need to check again.

 

More than a handful of posters have mentioned maintaining 850s with a new account in the past few years. However, don't recall anyone holding 850 with a three new account spree even if AAoA remains above 8 years.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 24 of 27
Anonymous
Not applicable

Re: EX ticked to 850 - 3 possible reasons why:


@Thomas_ThumbHowever, don't recall anyone holding 850 with a three new account spree even if AAoA remains above 8 years.

Interesting.  What factors from the spree would cause a greater score drop relative to just 1 new account outside of any inquiries associated with it and AAoA dropping?  The AoYA hit is already there whether it's 1 new account or 10 and if AAoA remains above 8 years, what else matters? 

Message 25 of 27
Thomas_Thumb
Senior Contributor

Re: EX ticked to 850 - 3 possible reasons why:

Fico reason code 09: "Too many accounts recently opened".

 

Too many appears to be 1 for a young, thin file but more than that (2 or 3 depending on file specifics) for a thicker more seasoned file.

 

This is NOT the same as AoYA. Fico reason code 30: "Time since most recent account opened is too short" ties more closely to AoYA. Also, as mentioned by Fico, AoYA is a scorecard segmentation criteria.

 

TU reason codes 2009 rev.jpg

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 26 of 27
Anonymous
Not applicable

Re: EX ticked to 850 - 3 possible reasons why:


@Anonymous wrote:

@Anonymous

 


I would say you must have some serious buffer built in if the penalty associated with opening a new account (AoYA drop to 0) allows your score(s) to stay at 850.  That's a seriously bulletproof file IMO!


@Anonymous I just checked my EQ score (purchased EQ MyFico score/report). Good news! EQ-8 is @ 850. Not sure how long it's been @Anonymous since I hadn't checked EQ in over a year. I'll post some screenshots in another thread. 

 

I opened 3 new installment accounts between 02/16 - 11/17.  Of those 3, only one remains open. TU/EX maintained 850 since around 03/17 (at which point 2/3 installment accounts were still open) to present. 

 

Message 27 of 27
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