OP could've possibly been rebucketed with AOOA hitting the 3 year mark. My scores dropped almost 40 points across all CRA the beginning of February and after having no noticeable differences read some posts here stating that could possibly be a threshold at 3 years?
@SteelCityPride wrote:OP could've possibly been rebucketed with AOOA hitting the 3 year mark. My scores dropped almost 40 points across all CRA the beginning of February and after having no noticeable differences read some posts here stating that could possibly be a threshold at 3 years?
This is actually what I was going to ask: whether the oldest account ticked over 3 years or not for February?
We had a few datapoints but nothing really nailed down on that, we are confident that at some point one transitions out of clean new file scorecard(s) to clean mature file scorecards and 3 years appeared to be that line for AOOA, though might be AOORA too, that we're less sure of but it appears to be AOYRA for FICO 8 and as such that might be a thing too.
@AllZero wrote:
@Anonymous wrote:
@blindambition wrote:I'd say that's definitely it. If you had six revolvers, might not have happened. You were hit for over 50%.
I'll reduce it to two as most of my billing cycles are coming up and see what happens. I've been waiting to apply for the CSP so that will make any changes unclear but I was unaware of this 50% rule.
IIRC, if it matters, whenever you pay Chase to zero, they will automatically report.
1. Since you have 3/6 reported balances it's not the all zero penalty.
2. IMHO going from 2/6 to 3/6 reported balances would not cost you ANY points in FICO 8.
3. I don't see you moving to a different scorecard. If that were going to happen based on aging of your oldest account it would have happened on the 1st of the month.
4. A CLI wouldn't cost you points.
So IMHO it's something you haven't observed yet. If you're on experian.com you need to closely examine the report from the day of the change and the report from the day before, and compare to find out what's different between the 2 days reports.
@Anonymous wrote:
@SouthJamaica wrote:
@AllZero wrote:
@Anonymous wrote:
@blindambition wrote:I'd say that's definitely it. If you had six revolvers, might not have happened. You were hit for over 50%.
I'll reduce it to two as most of my billing cycles are coming up and see what happens. I've been waiting to apply for the CSP so that will make any changes unclear but I was unaware of this 50% rule.
IIRC, if it matters, whenever you pay Chase to zero, they will automatically report.
1. Since you have 3/6 reported balances it's not the all zero penalty.
2. IMHO going from 2/6 to 3/6 reported balances would not cost you ANY points in FICO 8.
3. I don't see you moving to a different scorecard. If that were going to happen based on aging of your oldest account it would have happened on the 1st of the month.
4. A CLI wouldn't cost you points.
So IMHO it's something you haven't observed yet. If you're on experian.com you need to closely examine the report from the day of the change and the report from the day before, and compare to find out what's different between the 2 days reports.
I'm happy to share, but I'm at the point where I don't know what else to look for. I've checked for inquries, missed payment, utilizations, public records, etc. There are no new accounts or inquries. There is no public records or collections.
One idea I had was perhaps it took Experian a long time to show my Amex Gold. I've always used Wells Fargo and/or Amex to see my EX score, and only singed up for Experian when I noticed the huge drop. I got the Gold in Sep-2019, and ever since I've had it, my EX Fico 8 has been 759 (As viewed on the Amex website). Is there a way to view old data from months before?
If you were comparing your experian.com reports from the day of the change and the day before, as I suggested, you wouldn't have any problem discerning whether or not your Amex Gold suddenly showed up or not. You would know for certain.
I don't know how to view data from the day before you signed up; as far as I know the only reports that would be available to you are the reports going forward. The reports would not even exist, because they would not have been pulled.
Amex is reputed to wait 1 1/2 months to 2 months for a new account to report, but I don't see why the addition of 1 charge card would cost 15 points. I guess it's possible.
Since you have no access to the reports, I guess we'll never know.
