Good morning all. I just wanted to add some score related data for everyone that likes that sort of thing.
On 6/14, Transunion was at 845 and showed the following:
15 Accounts:
6 Open (4 Revolving; 2 Installment)
9 Closed (4 Revolving; 4 Installment; 1 Mortgage)
1% Revolving Utilization
Accounts with Balances: 4 (2 Revolving; 2 Installment)
Total Balance on Revolving Accounts: $37
[Non-FICO generated information: Auto Loan at 60.56% and Student Loan at 19.03%]
Average Age of Accounts: 12Yr 3Mo
Age of Oldest Account: 21Yr 9Mo
Age of Most Recently Opened Account: 3Yr 8Mo (Auto Loan)
Inquries: 0 [There was an inquiry on 5/23 which is shown in the report, but didn't pick up in the score ingredients area]
On 6/19 one revolving account was paid to $0 resulting in:
So there are 3 / 6 accounts reporting balances (too many). One loan about still at 60% (loan balances too high). Only looking at revolving accounts, the oldest was opened in 2001 and the average of only revolving account is 157 months.
On 06/22 Transunion updated with the information from an account closure (I combined two cards from one bank) resulting in:
It appears that inquiry was picked up now. The three point loss could be from that rather than the account closure. Other reasons are consistent, now 3 / 5 accounts reporting a balance.
On 7/1 the new CLOC from NFCU reported. This changed my Average Age of Account to 11Yr 7Mo, and of course Age of Most Recent Account is no 0Yr 0Mo.
So 3 / 6 currently reporting with the same 60.56% and 19.03% on loan balances. The new account resulted in a nine point drop.
