No score change in the past 2 weeks despite more cards reporting 0 balances. As of now, I have 4 open cards out of 13 reporting non-zero balances with overall utilization of 16%. In 2 weeks, I will have only 2 open cards reporting non-zero with overall utilization below 10%.
My TU 08 score provided by Barclaycard was updated 2 days ago 768. Historically my Equifax 08 score has been higher than my TU 08 score; last time I pulled all 3 scores, my EQ 08 was 9 points higher. So this score discrepancy is really perplexing. My EQ 08 should be at least 770 now instead of 753.
Let's see if I can gain at least 25 points when the new 0 balances get reported. 2 more weeks to go. Hoping to touch the 780's.
AAoA of 4 years? How did you come up with this figure? 
The reasons for which I am aiming for 800 are spelled out in the first post of this thread.
Good for you. Congrats!
That no one has achieved 800 with less than 4 years' AAoA does not mean it can't be done. And there is also the possibility that those that have been there either were unaware or were not interested in informing others.
I have been on this forum and have blogged on credit for 2 years, and my credit profile is pretty much perfect, with the only weakness being the lack of a second installment loan. I know what I need to do to maximize my FICO score, and if I don't hit 800 when my AAoA hits 2 years and history length hits 3 years, my credit history is simply too young and that is not under my control. However, if there is anything else I can do to get my credit to that point, I'll do it.
I think I have a decent shot, for reasons mentioned in my first post. We will see if I can reach 780 in the next 2 weeks, in which case 800 will be very close. Between the 780 and the 800, I plan to optimize utilization, pay down the auto loan, and will have the inquires all dropping off. And my AAoA and history length will reach milestones, to top it off.
That no one has achieved 800 with less than 4 years' AAoA does not mean it can't be done. And there is also the possibility that those that have been there either were unaware or were not interested in informing others.
I have been on this forum and have blogged on credit for 2 years, and my credit profile is pretty much perfect, with the only weakness being the lack of a second installment loan. I know what I need to do to maximize my FICO score, and if I don't hit 800 when my AAoA hits 2 years and history length hits 3 years, my credit history is simply too young and that is not under my control. However, if there is anything else I can do to get my credit to that point, I'll do it.
I think I have a decent shot, for reasons mentioned in my first post. We will see if I can reach 780 in the next 2 weeks, in which case 800 will be very close. Between the 780 and the 800, I plan to optimize utilization, pay down the auto loan, and will have the inquires all dropping off. And my AAoA and history length will reach milestones, to top it off.
I didn't say 4 year aaoa. I said 4 years of credit history.
In my situation, it was when I crossed 4 year aaoa.
Remember, your second loan will drop you aaoa. You will get to 800 next year without that second loan.
Good luck, I'll read your 800 post next year.
In my situation, it was when I crossed 4 year aaoa.
Remember, your second loan will drop you aaoa. You will get to 800 next year without that second loan.
Good luck, I'll read your 800 post next year.
@Anonymous wrote:
I didn't say 4 year aaoa. I said 4 years of credit history.
In my situation, it was when I crossed 4 year aaoa.
Remember, your second loan will drop you aaoa. You will get to 800 next year without that second loan.
Good luck, I'll read your 800 post next year.
I see. Yeah I don't think I'll reach 800 this year either; my credit history length does not reach 3 years until January, and my AAoA does not reach 2 years until February. I set a deadline of 6 months which would take us to the end of February, at which point I will have crossed the thresholds for AAoA and credit history length, and got most of my inquiries dropped off. The end of February deadline will also give me time to pay down my credit card and auto loan balances. I do not plan to apply for any credit products from now till then. The impact on AAoA will be negligible because of the number of credit accounts I already have, but I don't want to have a new inquiry.
All of my remaining inquiries are from the auto loan applications in late February and early March this year. I'm not sure if the inquiries were necessarily combined; I suspect it may not be obvious to the CRA's that the credit applications were for auto loans if the creditors showed up as banks rather than car dealerships. At the end of February though, I will have either 1 inquiry or 0, so the score boost will be significant either way.
Thanks for the wish. Come check back in late February, possibly earlier, if you don't want to miss the moment 
@credit-hunter wrote:Hiline i follow you here and on the blog do you think 2 installment loans are need for optimum scoring.
Hello! Yes, from my observation, 2 installment loans are ideal. The impact of the 1st installment loan is much more significant than that of a second loan.
@HiLine wrote:
I see. Yeah I don't think I'll reach 800 this year either; my credit history length does not reach 3 years until January, and my AAoA does not reach 2 years until February. I set a deadline of 6 months which would take us to the end of February, at which point I will have crossed the thresholds for AAoA and credit history length, and got most of my inquiries dropped off. The end of February deadline will also give me time to pay down my credit card and auto loan balances. I do not plan to apply for any credit products from now till then. The impact on AAoA will be negligible because of the number of credit accounts I already have, but I don't want to have a new inquiry.
Stick with it! Do precisely nothing! My 04 scores are just terrible from just one inquiry (down ~fifteen points, e.g. EX from 828 to 814), and the 08 ones aren't much better (down about half such points from 850). By the way, if you plan to pay down your car loan ahead of time, make sure to make the last payment no sooner than on time because once the loan is gone, your score drops. See you in the 800 club. 