Finally Made 850 on Score on All Three!

[Auricom]

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@Anonymous wrote:

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@Auricom wrote:

I've been working hard on my credit from a non-existent file back in 2012 and I'm still not even in the 800s.

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What does your file look like?  800s can be had with only a few years of credit history, so age shouldn't be your constraint at 7 years of depth.

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I feel like I've been stuck on a plateau for most of this year. I'm guessing it's because I have no installment loans, paid them all in full. That should be a score BOOST! What better way to show responsible credit usage than PIF?

I considered opening an SSL just to get that installment, but I'm soon going to be looking for a mortgage and the SSL would give me an inq and lower my AAoA.

EX FICO8 - 773

TU FICO8 - 789

1 INQ - 1yr 5mo ago

7 open CCs

8 closed installments - student loans

AAoA (not counting closed accts) - 4yr 10mo

AAoA (counting closed accts) - 7yr 11mo

AoYA - 7mo

AoOA (closed) - 12yr 1mo

AoOA (open) - 7yr 8mo

Total credit line over $150k

I'm rarely attentive enough to AZEO, but usually ~AZE3. Reported util always below 1-2%. My understanding is that FICO2 cares more about AZEO than FICO8?

CC accts by age and credit limit:

0yr 7mo $21,500 - Amex

1yr 4mo $24,000 - Chase

5yr 4mo $10,000 - Capital One

6yr 0mo $44,000 - Discover

6yr 5mo $12,800 - Amex - With other Amex, this brings me close to the supposed ~$34,500 limit before income review.

6yr 9mo $21,500 - US Bank

7yr 8mo $25,000 - Wells Fargo - My first CC! Started as a $300 secured

Total $158,800 CL.

Student loans by age, balance, and status:

9yr 1mo $7,500 - Transferred to other servicer

9yr 1mo $7,500 - PIF

10yr 1mo $7,500 - Transferred to other servicer

10yr 1mo $7,500 - PIF

11yr 1mo $6,500 - Transferred to other servicer

11yr 1mo $6,500 - PIF

12yr 1mo $25,000 - PIF

12yr 1mo $3,500 - PIF

Total $50,000 PIF

[BallBounces]

It's Tricky to rock a rhyme, to rock a rhyme that's right on time
It's Tricky, it's Tricky -Tricky- Tricky -Tricky

[Anonymous]

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@Auricom wrote:

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I feel like I've been stuck on a plateau for most of this year.

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What's you're AoOA?  If your AAoA is 12+ years, your AoOA must be pretty solid.  It sounds to me like your age of accounts factors are more or less maxed out, so scorecard wise you should be in a place that would easily yield you solid 800's.  If your utilization is low and you have no negative items, there should be nothing holding you back.  You are missing out on probably 20-30 points for not having an almost-paid-off installment loan present, but that should be a factor keeping you from (maybe) keeping you from 850, not 800.  Don't open an installment loan now if you're considering a mortgage within the next 12 months.  What's the age of your youngest account?  Once that hits 12 months you should see a 15-20 point gain across your Fico 8 scores.  Keep from apping for sure.

[Anonymous]

Wow super duper congtats.   The highest I ever got was 834 now down to 804.   I right now DW and mine biz slowed down so we are leaving balances on 0% or 1.99% cards.   Cash is more important than score.   I don't know if I can get to 850 I was shocked at 834 and think in a few months will get back there

[Auricom]

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@Anonymous wrote:

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@Auricom wrote:

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I feel like I've been stuck on a plateau for most of this year.

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What's you're AoOA?  If your AAoA is 12+ years, your AoOA must be pretty solid.  It sounds to me like your age of accounts factors are more or less maxed out, so scorecard wise you should be in a place that would easily yield you solid 800's.  If your utilization is low and you have no negative items, there should be nothing holding you back.  You are missing out on probably 20-30 points for not having an almost-paid-off installment loan present, but that should be a factor keeping you from (maybe) keeping you from 850, not 800.  Don't open an installment loan now if you're considering a mortgage within the next 12 months.  What's the age of your youngest account?  Once that hits 12 months you should see a 15-20 point gain across your Fico 8 scores.  Keep from apping for sure.

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Oops, fixed my original post:

AAoA (not counting closed accts) - 4yr 10mo

AAoA (counting closed accts) - 7yr 11mo

AoYA - 7mo

AoOA (closed) - 12yr 1mo

AoOA (open) - 7yr 8mo

Sounds like that AoYA might be holding me back. Let's see what happens when that ages up!

[Anonymous]

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@Auricom wrote:

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Sounds like that AoYA might be holding me back. Let's see what happens when that ages up!

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Yes, it's definitely your AoYA.  In 5 months when you reach 12 months AoYA (assuming you don't open any new accounts between now and then) your scores should increase 15-20 points.  Also during that span of time you may have inquiries reach 365 days, thus making them unscoreable.  Your AoOA being 12+ years is solid, but 15-17+ years from what I've seen is "ideal" where anything above is gravy.  Basically you've got a little room for improvement there, but that's only a factor if you're talking 850s not 800s.  You've mentioned open verses closed accounts several times.  Closed is just fine for age of accounts purposes, as open and closed counts are considered equally by the Fico algorithm.

I'm still confused as to how you're not in the 800's yet though if you've got clean payment history and low utilization.  As I stated earlier, there are members here with only 2-3 years of credit history (2-3 year AoOA) that have reported 800 scores. 

[Auricom]

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@Anonymous wrote:

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Yes, it's definitely your AoYA.  In 5 months when you reach 12 months AoYA (assuming you don't open any new accounts between now and then) your scores should increase 15-20 points.  Also during that span of time you may have inquiries reach 365 days, thus making them unscoreable.  Your AoOA being 12+ years is solid, but 15-17+ years from what I've seen is "ideal" where anything above is gravy.  Basically you've got a little room for improvement there, but that's only a factor if you're talking 850s not 800s.  You've mentioned open verses closed accounts several times.  Closed is just fine for age of accounts purposes, as open and closed counts are considered equally by the Fico algorithm.

I'm still confused as to how you're not in the 800's yet though if you've got clean payment history and low utilization.  As I stated earlier, there are members here with only 2-3 years of credit history (2-3 year AoOA) that have reported 800 scores. 

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Ah okay. Didn't know if closed accounts help with age or not, some sites show them as AoOA but most don't. Unfortunately in 2-3 yrs they'll hit ten years of being PIF and probably drop off.

I get 800s on FAKOS no problem, and 795 on EX FICO9. Reason codes are:

• Lack of recent installment loan information
• Length of time revolving accounts have been established
• Length of time accounts have been established
• Time since most recent account opening is too short

I'll try being very vigilant about AZEO this month and see how things go...

[EW800]

Congrats on the 850's!  

I am right there with you.  I had a long and at times painful rebuild, but have had my standard FICO 8's and FICO 9's at 850 for a few months now.  I've learned just what the "sweet spot" is for my profile and just leave it as such.  I have some auto-enhanced scores that are between 898 and 900, however my bankCard scores are a few points lower - 885-890 ish.  My mortgage scores average about 824 or so.  

Congrats and keep up the great work!  

[Anonymous]

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@Anonymous wrote:

Wow super duper congtats.   The highest I ever got was 834 now down to 804.   I right now DW and mine biz slowed down so we are leaving balances on 0% or 1.99% cards.   Cash is more important than score.   I don't know if I can get to 850 I was shocked at 834 and think in a few months will get back there

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Hmm ... @Anonymous time to practice 'Gardening' as it get's lonely here at the top