Highest AoYA threshold?

[Anonymous]

3 of my 4 credit cards were opened in June, 2017, the other one being around 6 months older. I'll try to remember to report in here if I see a jump. The hard pulls should die out around then, so I'm not sure how I could distinguish that from an AoYA bump.

[jamie123]

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@Anonymous wrote:

Interesting regarding the potential threshold for AoOA at 6 years.

Has anyone experienced any gains at all from AoYA hitting 2 years?  I'm wondering if all points are realized at the 1 year mark, or if there are some left on the table for the 2 year mark.

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Yeah, I follow my scores all the time. I use MyFICO for my EQ but most of my credit cards offer free delayed scores too. It was a really weird MyFICO alert that said, "Your FICO score has increased from 717 to 763." Inside the alert it stated, "Your score may be affected by additional information in your credit report". I don't recall ever seeing an alert that wasn't triggered by some other reporting event.

I waited 6 days until 4/9/18 and then pulled a MyFICO 3B report. I wanted to make sure that whatever happened on 4/3/18 with the EQ score caught up with all my reports. The only triggers for the large score boost that I could see would be the ages of my credit cards. For sure my oldest card (It's also my oldest account.) turned 6 years old on April 1st. Perhaps that could be the triggering event? Do you think that having my oldest account turn 6 years old caused a rebucketing?

My reports are 100% clean. All my scores took a big jump. You can see what they are as of now in my siggy below.

(Could somebody point the way and show me how to post images from imgur? I have screenshots that I could post.)

[Anonymous]

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@Anonymous3 of my 4 credit cards were opened in June, 2017, the other one being around 6 months older. I'll try to remember to report in here if I see a jump. The hard pulls should die out around then, so I'm not sure how I could distinguish that from an AoYA bump.

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HPs become unscoreable at exactly the 1 year mark, where the age of an account increases by 1 month on the 1st of every month.

Say you took a HP on the 13th of January from opening an account.  That HP would become unscoreable on the 13th of the following January, where that account would reach 12 months on the 1st of the following January.  This would give you a little less than 2 weeks to pull your scores after AoYA hits 1 year but before the inquiry becomes unscoreable, thus allowing a clean data point distinguishing between the two events.

[Anonymous]

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@Anonymous wrote:

Worth observing that the effect on dirty profiles may be much less (if at all).  That's because AoYA affects scorecard asignment with clean profiles and may have no effect on dirty profiles (Thomas Thumb would know more about that).

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I don't think this can be true. I am in a dirty profile (9 90 day lates), and this month I got 19-32 FICO 8 point gains with the only significant change to my profile was 3 CC and 1 auto loan hitting 3 month mark (opened Jan). 

[Thomas_Thumb]

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@Anonymous wrote:

I received a big boost in a number of models when my Age of Youngest Account (AoYA) went from 11 to 12 months.  (My profile is very stable and always had the same FICO 8 score for month 8, 9, 10, and 11.)

For TU FICO 8 that was 825 to 850. 

For EQ FICO 04 (the EQ mortgage score) it went from 776 to 817.  This is much more significant than you might think, since it is one point away from a perfect score.  (A perfect score in the EQ mortgage model is 818.)  A portion of that huge jump may have to do with a couple inquiries falling off in Jan/Feb of this year (correponding to months 11/12) but I can't tease out the difference since I get my mortgage scores only once a year (at most).

I am personally skeptical that there could be any benefit to having an AoYA greater than 24 months, and there may be no benefit after crossing the 12 month line.  It's also quite possible that some FICO models give a 24 month benefit and others stop at 12.

In the non-FICO LexisiNexis model, which tends to be more punitive of new accounts than is FICO, it stops at month 24.

Worth observing that the effect on dirty profiles may be much less (if at all).  That's because AoYA affects scorecard asignment with clean profiles and may have no effect on dirty profiles (Thomas Thumb would know more about that).

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CGID - Awesome score. That's something I'll never get to on EQ Fico 04 - I plateau is 809 perhaps due to multiple cards always reporting balances. How many open cards do you have and how many reported a balance when EQ Fico 04 reported yout 817 score? 

AoYA is not a scorecard assignment factor for dirty scorecards. However, that does not mean AoYA and QTY of "opened recently" accounts won't affect score. As we know, they are a scoring factor based on reason statements. I believe the scorecard threshold is 12 months. In contrast, there are likely are multiple thresholds for recent as a scoring factor - the 1st one being at 3 months IMO.

[Anonymous]

Could it also be that based on score card assignment (signal strength) that a dirty file may react a bit different than a clean file at any certain point, such as AoYA reaching 3 months?

[Anonymous]

I had 13 cards with exactly 1 reporting a positive balance ($20).  I have two open loans (student loan and an SSL) with an installment utilization of about 5%

So 3 accounts out of 15 reporting a balance, and 1 out of 13 cards.  I think your research suggested the EQ mortgage score might like seeing a lot of $0 balance open cards with ideally only 1 positive.

[Anonymous]

Okay, then. The simulator may be tracking that aspect, too (separating the HP falloff & AoYA bumps). 2 of the accounts opened on June 1st. The third opened on June, 5th.

The simulator (based on my 04/07 score) gives me a 5 point bump in July & another 10 point bump in August.

Not sure how much stock to put into the simulator, but that's 2 separate bumps a month apart, just over a year after my youngest 3 accounts opened.

[Anonymous]

Simulators are junk, so I'd suggest ignoring them.  They don't take into account nearly enough pieces of data to give a near accurate prediction in most cases.

[Anonymous]

I am very curious about the accuracy of the myfico simulator in regards to account aging. I am not sure if I want it to be accurate or not. It only predicted 5 increases total between the three bureaus over the next 2 years for me. The first test will be next month when it predicted +5 on EQ. The other increases were in 11/18, 5/19, 11/19, and 12/19. I have gained points for aging in May, November, and December in the past so it doesn't seem completely implossible to me. However, I will probably add some more accounts before waiting for all of these increases to occur and that will change when the AoYA and AAoA thresholds are crossed.