@credit8502020 wrote:
@Anonymous wrote:
@credit8502020 wrote:
@Anonymous Ok. Thank you! So outside of the 1 late payment, you gather that those almost 60 points could just be from age? Although I know the points in the example aren't exact, I'm just using it as gauge. (850-30 (for the late)=820-761=59.
Ok re: AOD. I'll look back into them. Figured since I don't work for any of those ocmpanies and did not have any immediate family members that I was not eligible to join. I was going by what's on the website, but will definitely look deeper. Thanks again!
@credit8502020 no I don't think you're losing 60 points from age. did you say it's a 30 day late? How old is it? Is that version eight score? Which bureau? Let me go back and look at your profile statistics because I know you put them above.
yes join the bike club and that is an SEG that allows you guaranteed membership into AOD. Do you need that card do that.
@Anonymous Yes. 30 day late. October 2018 on a closed Discover account. Yes. FICO 8 on Experian.
Ok. Thanks regarding the bike club! The only reason I wanted that card is because I only have 2, 1.5% cards for everything. I was looking for either a 2% card, ideally with a sign up bonus or this AOD card. I've been looking at which 2% or 3% card and scenario fits my overall spending best. Thanks!
@credit8502020 since the 30 day late is over two years old and is isolated, you're probably still losing 30 points on it till it drops. 761+30=791. 59 points on table, really more because of the buffer. Your loan utilization is not under 9.5% is it? That could be good for ~20 points.
list your profile statistics for me again, let's see where the rest of the points are, or tell me what post it is in and I'll go re-read it. I'm sorry, I'll admit it I'm lazy. Long day. Lol.
@Anonymous Ok. Good to know. I was factoring about 30 points. It's perfectly fine. I appreciate you helping me consider where I can gain more points. Based on your other reply you mentioned that its coming from the newer account score card (10-20 points) and my utilization on my car. Perhaps, I'm missing some points for not putting a balance on the AU card and not implementing "real" AZEO.
You know what's interesting, my EX 2 is 796. Which I'm obviously happy about, but I find it interesting that it is higher than my Ex FICO 8. I'm not complaining though at all! LOL!
3 Primary Cards & 1 AU Card
Capital Bank - $750
Capitol One - $3500
1 AU Home Depot Card - $3700
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? ***These are not based on my 2 new cards that have not posted yet.***
AoOA = Age of Oldest Account - AU - 25 yrs (Revolver), Primary - 20 yrs. (Installment)
AAoA = Average Age of Accounts - 11.8 yrs
AoYA = Age of Youngest Account: Almost 5 months
AoYRA = Age of Youngest Revolving Account: Almost 5 months
AoORA = Age of Oldest Revolving Account: AU - 25 years, Primary - 4 yrs
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.) ***It's about 9 yrs with my closed accounts.***
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.
@credit8502020 yeah roughly 30 points for the 30 day late, 10 to 15 points for the new account penalty, maybe 10 points for the authorized user AU loss, who knows you may have 15 points on the loan.
yeah your version 2 is higher because it doesn't award the points for the lower loan utilization and because it's counting the age from the authorized user account where 8/9 may not be, among other possible factors.
in the short run, the new accounts will harm you, but in the long run they will help you.
