Well.. hmmm.
The Experian FICO simulator has a disclaimer that combined actions will not necessarily result in the sum of score increases / decreases stemming from each individual action.
However - on time payments and account aging are two separate FICO scoring categories - so I don't think it would be too far fetched to anticipate an increase somewhere in between 20 and 40 points for both actions occurring simultaneously.
The Experian FICO simulator has a disclaimer that combined actions will not necessarily result in the sum of score increases / decreases stemming from each individual action.
However - on time payments and account aging are two separate FICO scoring categories - so I don't think it would be too far fetched to anticipate an increase somewhere in between 20 and 40 points for both actions occurring simultaneously.
@Anonymouswrote:I know that the simulations are just an approximate guess, but it says that 24 months of payments on time will be 20 points and aging my cards 24 months will be 20 points as well. All things an estimate, would that be 20 in 24 months or 40 in 24 months as both of those factors will improve?
I don't think the simulators are carefully designed, and I would pay them no heed.
IMHO aging the accounts and making your payments on time for 24 months are synonyms. Aging the accounts and not making all your payments on time will get you clobbered.
Paying all your credit accounts on time for 24 months will improve your score.
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