Feedback - Score Increase & Strategy

[Anonymous]

Cool, I'd just like to know where the line is drawn.  If many people have reported it we should be able to hone in on a number of accounts range.

[Anonymous]

If it’s revolvers only 15 to 16 but apparently it’s accounts only so we got a start over collecting data points I think.

maybe some members can chime in that have that as their reason code how many total accounts they had when it became a reason code.

[credit8502020]

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@Anonymous wrote:

What is the severity of the late payment on your account?  I'm thinking 30D?

As for file thickness, once you get to 6+ accounts you're no longer thin.  You mentioned 5 open + 2 new ones reporting soon, so that's 7 right there... but remember that file thickness includes both open and closed accounts.  How many closed accounts do you have on your CR?  If it's a number > 0 you already have a thick file.  That's not to say you have a thickness-related optimized file, which may happen somewhere around 20 total accounts, but any additional scoring gains from your file being thicker than it already is would be extremely minor. 

What is the age of your youngest revolving account (AoYRA) currently before those 2 new revolvers land on your CR?  If it's > 12 months, you may see a score drop related to the AoYRA reset to 0 months once one of those new revolvers reports for the first time.

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@Anonymous Yes, it's a 30 day late. My youngest revolving account is 5 months (my 1/6, 1/12). I decided to do both cards almost at the same time so I would have the inquiry hits and build new payment history at the same time. I prefer to reset 2 accounts at the same time instead of just 1. I have large spends coming up and wanted to be able to get cash back on those. I was referring to a thickness related optimized file. I know if you apply for too many cards then you could risk the credit seeking penalty.

For my TU account it gave the following negative reason code: You have an insufficient number of accounts that are currently paid as agreed.

If in fact a 30 day late would typically gain no more than about 30 points, there are still close to 60 points for me to gain.

What/where do you gather those points could come from? 

[credit8502020]

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@SouthJamaica wrote:

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@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

1. AZEO works well for FICO 8, too, but if you have 2 accounts with a balance you're good.

2. No there's no certain number, but you have enough total accounts not to worry about that.

3. No.

4. Any loan which you don't pay down right away is going to cost you points. So the SSL would be the one; take it out then pay it down to 9%. But personally I would give serious consideration to not opening any new accounts, not even a SSL.

---

@SouthJamaica Thank you for your feedback. I only have one account with a balance since I'm doing AZEO. You wouldn't consider opening an SSL even you didn't have any other installment accounts? If so, please expound. I'm not planning on opening it until my car is close to being paid off just to avoid the "no installment loan" penalty? 

[credit8502020]

---

@Anonymous wrote:

---

@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

@credit8502020 

1. AZEO works fine for 8/9, but it must be modified if you have an AU account, by also leaving a small balance on the AU as well.

2. no one knows the exact number but I theorize around 7. 

3. that depends on what strategies you are executing and what your profile looks like. 

4. A small five-year loan that doesn't advance the maturity date works fine SSL or otherwise. 

---

@Anonymous Thank you for your feedback! Regarding strategies/plans, my goal is to build my personal profile extremely well so it supports building a strong business credit profile in case I decide to do PGs and to also get 1-2 more cards that better support the following investments:

1) Tuition

2) Advertising Spend

3) Amazon

For both or all of these, I was thinking a 2% "everywhere" card. Of course the AOD 3% card is even better, but it doesn't look like I'll be able to get it because AOD is geofenced, etc. 

I had considered getting a 3rd card. I've decided against that, but I'm curious, if I had, do we have data points about how long the "credit seeking penalty" would impact your scores? 

2% Cards I considered: 

Fidelity & SOFI - Potentially because of new investments I'll do soon
SDFCU - Not a fan of the HP for membership and concerned about a lower SL
PenFed - Concerned about a lower SL
PayPal - Not my ideal 2% card, but it may be a good fit

[SouthJamaica]

---

@credit8502020 wrote:

---

@SouthJamaica wrote:

---

@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

1. AZEO works well for FICO 8, too, but if you have 2 accounts with a balance you're good.

2. No there's no certain number, but you have enough total accounts not to worry about that.

3. No.

4. Any loan which you don't pay down right away is going to cost you points. So the SSL would be the one; take it out then pay it down to 9%. But personally I would give serious consideration to not opening any new accounts, not even a SSL.

---

@SouthJamaica Thank you for your feedback. I only have one account with a balance since I'm doing AZEO. You wouldn't consider opening an SSL even you didn't have any other installment accounts? If so, please expound. I'm not planning on opening it until my car is close to being paid off just to avoid the "no installment loan" penalty? 

---

1. It does nothing or next to nothing for your all important mortgage scores.

2. It adds a new account, waters down your average age of accounts, increases the number of accounts in your profile.

3. I believe that the points you lose by having no installment loan will come back to you in time. You can have perfect scores without open installment loans.

Unless I desparately needed a higher FICO 8 in the near future I would seriously consider skipping it.

[credit8502020]

---

@SouthJamaica wrote:

---

@credit8502020 wrote:

---

@SouthJamaica wrote:

---

@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

1. AZEO works well for FICO 8, too, but if you have 2 accounts with a balance you're good.

2. No there's no certain number, but you have enough total accounts not to worry about that.

3. No.

4. Any loan which you don't pay down right away is going to cost you points. So the SSL would be the one; take it out then pay it down to 9%. But personally I would give serious consideration to not opening any new accounts, not even a SSL.

---

@SouthJamaica Thank you for your feedback. I only have one account with a balance since I'm doing AZEO. You wouldn't consider opening an SSL even you didn't have any other installment accounts? If so, please expound. I'm not planning on opening it until my car is close to being paid off just to avoid the "no installment loan" penalty? 

---

1. It does nothing or next to nothing for your all important mortgage scores.

2. It adds a new account, waters down your average age of accounts, increases the number of accounts in your profile.

3. I believe that the points you lose by having no installment loan will come back to you in time. You can have perfect scores without open installment loans.

Unless I desparately needed a higher FICO 8 in the near future I would seriously consider skipping it.

---

@SouthJamaica Thank you for providing those details! 

[Anonymous]

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@credit8502020 wrote:

---

@Anonymous wrote:

---

@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

@credit8502020 

1. AZEO works fine for 8/9, but it must be modified if you have an AU account, by also leaving a small balance on the AU as well.

2. no one knows the exact number but I theorize around 7. 

3. that depends on what strategies you are executing and what your profile looks like. 

4. A small five-year loan that doesn't advance the maturity date works fine SSL or otherwise. 

---

@Anonymous Thank you for your feedback! Regarding strategies/plans, my goal is to build my personal profile extremely well so it supports building a strong business credit profile in case I decide to do PGs and to also get 1-2 more cards that better support the following investments:

1) Tuition

2) Advertising Spend

3) Amazon

For both or all of these, I was thinking a 2% "everywhere" card. Of course the AOD 3% card is even better, but it doesn't look like I'll be able to get it because AOD is geofenced, etc. 

I had considered getting a 3rd card. I've decided against that, but I'm curious, if I had, do we have data points about how long the "credit seeking penalty" would impact your scores? 

2% Cards I considered: 

Fidelity & SOFI - Potentially because of new investments I'll do soon
SDFCU - Not a fan of the HP for membership and concerned about a lower SL
PenFed - Concerned about a lower SL
PayPal - Not my ideal 2% card, but it may be a good fit

---

@credit8502020 first and foremost, AOD is not geo- fenced. 

secondly you misunderstand credit seeking. That's a code saying you have at least one inquiry that scoreable on your credit report. 365 days later that disappears. As far as Scoring goes. 

Nusenda federal credit union has 5% for tuition a quarter each year. 

Amazon 5% card or one of the rotators that frequently has it.

Advertising may best be covered with that AOD. I don't know maybe another member can chime in if they know better?

as for this SSL thing I want you to think about this in a little different way. Your scores are great. That's a strategy that you want to initiate when you need a score boost, because that's what it does is it rewards you for having an almost paid off loan.

But if you don't have a reason that you need to jack up 8/9 right now, then there's no need for you to go and do that. Now, if you know in the next several years you're going to need it then it may pay to go ahead and do it now with the long term SSL, as an older account is better than a younger one. But keep in mind as soon as you open a loan, it's gonna render it moot. 

Are your primary cards bankcards? Are the two new ones bankcards?

And if you don't mind calculating the metrics and I know you stated some of them previously but so I have them all in one place: AoOA, AoYA=0?, AoYRA=0?, AoORA, AAoA=13?, AAoRA.

by the way I think I recall the few accounts paid on time Reason code referenced. That's why I say 7 accounts. Fico likes to see 7 accounts paid on time at least I believe.

[credit8502020]

---

@Anonymous wrote:

---

@credit8502020 wrote:

---

@Anonymous wrote:

---

@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

@credit8502020 

1. AZEO works fine for 8/9, but it must be modified if you have an AU account, by also leaving a small balance on the AU as well.

2. no one knows the exact number but I theorize around 7. 

3. that depends on what strategies you are executing and what your profile looks like. 

4. A small five-year loan that doesn't advance the maturity date works fine SSL or otherwise. 

---

@Anonymous Thank you for your feedback! Regarding strategies/plans, my goal is to build my personal profile extremely well so it supports building a strong business credit profile in case I decide to do PGs and to also get 1-2 more cards that better support the following investments:

1) Tuition

2) Advertising Spend

3) Amazon

For both or all of these, I was thinking a 2% "everywhere" card. Of course the AOD 3% card is even better, but it doesn't look like I'll be able to get it because AOD is geofenced, etc. 

I had considered getting a 3rd card. I've decided against that, but I'm curious, if I had, do we have data points about how long the "credit seeking penalty" would impact your scores? 

2% Cards I considered: 

Fidelity & SOFI - Potentially because of new investments I'll do soon
SDFCU - Not a fan of the HP for membership and concerned about a lower SL
PenFed - Concerned about a lower SL
PayPal - Not my ideal 2% card, but it may be a good fit

---

@credit8502020 first and foremost, AOD is not geo- fenced. 

secondly you misunderstand credit seeking. That's a code saying you have at least one inquiry that scoreable on your credit report. 365 days later that disappears. As far as Scoring goes. 

Nusenda federal credit union has 5% for tuition a quarter each year. 

Amazon 5% card or one of the rotators that frequently has it.

Advertising may best be covered with that AOD. I don't know maybe another member can chime in if they know better?

as for this SSL thing I want you to think about this in a little different way. Your scores are great. That's a strategy that you want to initiate when you need a score boost, because that's what it does is it rewards you for having an almost paid off loan.

But if you don't have a reason that you need to jack up 8/9 right now, then there's no need for you to go and do that. Now, if you know in the next several years you're going to need it then it may pay to go ahead and do it now with the long term SSL, as an older account is better than a younger one. But keep in mind as soon as you open a loan, it's gonna render it moot. 

Are your primary cards bankcards? Are the two new ones bankcards?

And if you don't mind calculating the metrics and I know you stated some of them previously but so I have them all in one place: AoOA, AoYA=0?, AoYRA=0?, AoORA, AAoA=13?, AAoRA.

by the way I think I recall the few accounts paid on time Reason code referenced. That's why I say 7 accounts. Fico likes to see 7 accounts paid on time at least I believe.

---

@Anonymous Thank you for the feedback and suggestions you've provided! I appreciate it!

Regarding AOD, thanks for correcting that. I'm not able to get into AOD based on their criteria and I did not see an option to donate to an organization, etc in order to join the CU. 

Also, thanks for going into detail about credit seeking. So what is the penalty that I would have gotten for applying for 3 cards at once after they report?

Regarding the SL, thank you for mentioning those things to consider. Once I get even close to my car being paid off this year, I'll reconsider if it's actually necessary for me to open an SSL. I may already have the CCs I need and business credit I need by then.

Yes. My primary cards and the new cards are bankcards.

They are as follows:

5 Open Accounts

3 Primary Cards & 1 AU Card

1. Capital Bank - $750
2. Capitol One - $3500
3. 1 AU Home Depot Card - $3700
4. NFCU Cash Rewards - $22,000

New Cards - (Haven't Posted Yet)

Elan Financial - $20,000

NFCU Platinum - $25,000

1 Auto Loan 

I didn't see all of the abbreviations on the list, so I figured I'd type them out. Did the "R" stand for Revolving? 

1. AoOA = Age of Oldest Account - AU - 25 yrs (Revolver), Primary - 20 yrs. (Installment)
2. AAoA = Average Age of Accounts - 11.8 yrs
3. AoYA = Age of Youngest Account: Almost 5 months
4. AoYRA = Age of Youngest Revolving Account: Almost 5 months
5. AoORA = Age of Oldest Revolving Account: AU - 25 years, Primary - 4 yrs
6. AAoRA = Average Age of Revolving Accounts - 8 yrs 3 months (This is for open accounts. If the calculation is supposed to include closed accounts, please let me know.)

Other Experian details in case it's helpful:

Closed Installment

Navient - Paid as agreed

Opened: 11/2000
Closed Revolver

Discover

L: $10,600

Late: 1-30 day, October 2018

Opened: 1/2003

Closed: I don't see the date on my reports, but I think it was closed around 2014. 

[Anonymous]

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@credit8502020 wrote:

---

@Anonymous wrote:

---

@credit8502020 wrote:

---

@Anonymous wrote:

---

@credit8502020 wrote:

Hi All!

I'm working to improve my Experian FICO 8 score/profile and could use some feedback and helpful insight. 

Experian - 761 FICO 8

Experian - 796 FICO 2

5 Open Accounts

3 Primary Cards

1 AU Home Depot Card

1 Auto Loan

*2 New Accounts that have not posted yet
Avg Age of Accounts - 11.8 yrs

Experian Inquiries - 0

1 Account Late (Closed Discover Account - 10/18)

3 Closed Accounts

Utilization - AZEO ($10 on NFCU Card) 

It's clear the late is costing me, but I want to find out where I'm losing other points and work on gaining those points until I'm able to get this late removed.

Soon I'll be getting a new installment loan only replace my auto loan that will be paid off soon.  

Here are my questions:

1. I know AZEO works well for mortgage scores, but what's best for FICO 8 scores? 
2. If I recall correctly, to optimize your FICO scores it is best to have a certain number of accounts. If so, what is that number and should those all be open?  
3. While having more payment history, via primary accounts and/or AUs will help, are there any other advanced strategies to improve my score now that I'm missing?
4. Any ideal suggestions for the best installment loan to get when you only need it for scoring purposes. Should I just be looking to the SSL strategy or is there another better alternative? 

Thanks in advance for your help! 

---

@credit8502020 

1. AZEO works fine for 8/9, but it must be modified if you have an AU account, by also leaving a small balance on the AU as well.

2. no one knows the exact number but I theorize around 7. 

3. that depends on what strategies you are executing and what your profile looks like. 

4. A small five-year loan that doesn't advance the maturity date works fine SSL or otherwise. 

---

@Anonymous Thank you for your feedback! Regarding strategies/plans, my goal is to build my personal profile extremely well so it supports building a strong business credit profile in case I decide to do PGs and to also get 1-2 more cards that better support the following investments:

1) Tuition

2) Advertising Spend

3) Amazon

For both or all of these, I was thinking a 2% "everywhere" card. Of course the AOD 3% card is even better, but it doesn't look like I'll be able to get it because AOD is geofenced, etc. 

I had considered getting a 3rd card. I've decided against that, but I'm curious, if I had, do we have data points about how long the "credit seeking penalty" would impact your scores? 

2% Cards I considered: 

Fidelity & SOFI - Potentially because of new investments I'll do soon
SDFCU - Not a fan of the HP for membership and concerned about a lower SL
PenFed - Concerned about a lower SL
PayPal - Not my ideal 2% card, but it may be a good fit

---

@credit8502020 first and foremost, AOD is not geo- fenced. 

secondly you misunderstand credit seeking. That's a code saying you have at least one inquiry that scoreable on your credit report. 365 days later that disappears. As far as Scoring goes. 

Nusenda federal credit union has 5% for tuition a quarter each year. 

Amazon 5% card or one of the rotators that frequently has it.

Advertising may best be covered with that AOD. I don't know maybe another member can chime in if they know better?

as for this SSL thing I want you to think about this in a little different way. Your scores are great. That's a strategy that you want to initiate when you need a score boost, because that's what it does is it rewards you for having an almost paid off loan.

But if you don't have a reason that you need to jack up 8/9 right now, then there's no need for you to go and do that. Now, if you know in the next several years you're going to need it then it may pay to go ahead and do it now with the long term SSL, as an older account is better than a younger one. But keep in mind as soon as you open a loan, it's gonna render it moot. 

Are your primary cards bankcards? Are the two new ones bankcards?

And if you don't mind calculating the metrics and I know you stated some of them previously but so I have them all in one place: AoOA, AoYA=0?, AoYRA=0?, AoORA, AAoA=13?, AAoRA.

by the way I think I recall the few accounts paid on time Reason code referenced. That's why I say 7 accounts. Fico likes to see 7 accounts paid on time at least I believe.

---

@Anonymous Thank you for the feedback and suggestions you've provided! I appreciate it!

Regarding AOD, thanks for correcting that. I'm not able to get into AOD based on their criteria and I did not see an option to donate to an organization, etc in order to join the CU. 

Also, thanks for going into detail about credit seeking. So what is the penalty that I would have gotten for applying for 3 cards at once after they report?

Regarding the SL, thank you for mentioning those things to consider. Once I get even close to my car being paid off this year, I'll reconsider if it's actually necessary for me to open an SSL. I may already have the CCs I need and business credit I need by then.

Yes. My primary cards and the new cards are bankcards.

They are as follows:

5 Open Accounts

3 Primary Cards & 1 AU Card

1. Capital Bank - $750
2. Capitol One - $3500
3. 1 AU Home Depot Card - $3700
4. NFCU Cash Rewards - $22,000

New Cards - (Haven't Posted Yet)

Elan Financial - $20,000

NFCU Platinum - $25,000

1 Auto Loan 

I didn't see all of the abbreviations on the list, so I figured I'd type them out. Did the "R" stand for Revolving? 

1. AoOA = Age of Oldest Account - AU - 25 yrs (Revolver), Primary - 20 yrs. (Installment)
2. AAoA = Average Age of Accounts - 11.8 yrs
3. AoYA = Age of Youngest Account: Almost 5 months
4. AoYRA = Age of Youngest Revolving Account: Almost 5 months
5. AoORA = Age of Oldest Revolving Account: AU - 25 years, Primary - 4 yrs
6. AAoRA = Average Age of Revolving Accounts - 8 yrs 3 months (This is for open accounts. If the calculation is supposed to include closed accounts, please let me know.)

Other Experian details in case it's helpful:

Closed Installment

Navient - Paid as agreed

Opened: 11/2000
Closed Revolver

Discover

L: $10,600

Late: 1-30 day, October 2018

Opened: 1/2003

Closed: I don't see the date on my reports, but I think it was closed around 2014. 

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@credit8502020 yes you can definitely get in AOD there are multiple routes. The penalty three cards depends. you have the hard inquiry which may be on one bureau or may be on more than one. those range from zero points to seven points usually, each. 

you then have changes to average ages, if you're on thresholds or cross them. Quick calculations which may be wrong say you'll lose about 3 1/2 years on your average age of accounts, but you should still be above the maximum on that, so I don't think that will affect you scorewise.

Maybe a little over a year on your average age of revolving accounts, maybe -10? That would come back in a year whatever it is. But the sooner you do it and get it over with, the better because the age will come back. 

then you shouldn't have a new account penalty.  so, in sum its at hard to estimate, but that's kind of what I'm thinking. I'm assuming the ages you gave already included the two new accounts, if not my calculations are off. Yes it should've included closed Revolvers, so that skews my calculation as well.

either way this will put you in a good position as long as you stop opening new accounts after this. you'll just need age and to get rid of the derogatory.