My TU was 686 (due to # of accounts with balances and 20%+ utilization).
I was trying to figure out how removing my parents Amex AU (38 years old but carrying $8k balance which is a good 60% of total right now) and adding my two 'new' Amex's (both 22 years old but carrying no balance and adding $10k to CL) would affect scores.
I figured my oldest age would drop from 38 to 22 but average age would improve somewhat which is sort of a draw, and that I'd add $10k to CL and drop $8k from utilized credit, giving me an aggregate bump.
So the two new amex's hit (along with slight balance increases) and I got a 3 point bump. I can see where the add'l old cards might get lost in the point shuffle with a 38 year old card and another 20+ year old card in the mix.
So now I am very curious to see what happens when the 38 yo Amex drops off (told Amex to stop reporting my AU); AA will drop a bit (still well above 8 or 9 years), and $8k or about $15k will drop off the map.
I"m estimating I'll go from 24% util to 13% util just with that account.
Any guesses?
After that paying and going from 13% to 1% and going from 9 of 13 to 1 of 13 reporting a balance.
Message Edited by nyccc2 on 01-09-2009 06:58 AM
