New accounts & point recovery?

[Doodlebug30]

I have 4 accounts opened in the last 12 months. 2 of those accounts will turn 1 year old by mid-end of November 2020. My question is, how much, if any, of a point recovery should i see for new accounts aging? I know, no one can accurately predict and it depends on your file but i was just looking for a round about guess. But for the purpose of this exercise, here are my DPs

7 cc's - agg UTIL 13% (will be less next month)

1 installment (SL) 

1 card has 55% util but will be under 50 by Nov. (0% promo on a couch)

AAOA 6.3 years (per experian report) 

INQ 5 or less on each bureau and most will be 1+ year old after november. 

Just curious and looking for peoples opinions!

[Ficoproblems247]

If referring to new account scoring penalty, it will only be regained after the most recently opened account crosses the 1 year threshold, and I believe that one is only on a clean scorecard if that is where you fall. Those other accounts crossing the 1 year mark will only give you gains if they trigger AAoA thresholds when they age past a year. Others will probably chime in with a more detailed explaination.

[Doodlebug30]

@Ficoproblems247 thank you!

[SouthJamaica]

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@Doodlebug30 wrote:

I have 4 accounts opened in the last 12 months. 2 of those accounts will turn 1 year old by mid-end of November 2020. My question is, how much, if any, of a point recovery should i see for new accounts aging? I know, no one can accurately predict and it depends on your file but i was just looking for a round about guess. But for the purpose of this exercise, here are my DPs

7 cc's - agg UTIL 13% (will be less next month)

1 installment (SL) 

1 card has 55% util but will be under 50 by Nov. (0% promo on a couch)

AAOA 6.3 years (per experian report) 

INQ 5 or less on each bureau and most will be 1+ year old after november. 

Just curious and looking for peoples opinions!

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I'm not aware of any awards for aging a few months.

[Anonymous]

I've heard some people suggest thresholds at either 3 months or 6 months AoYA, but I did not experience anything measurable at either of those points on my file.  I didn't see anything until AoYA reached 12 months.

[NoHardLimits]

With my most recent new account, I found no improvement in scores at the 3, 6, or 9 month marks.  I expect to recover some points at the 1 year mark.

[Anonymous]

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@Anonymous wrote:

I've heard some people suggest thresholds at either 3 months or 6 months AoYA, but I did not experience anything measurable at either of those points on my file.  I didn't see anything until AoYA reached 12 months.

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Some of that was due to my 2 reports at AoYA 3mo and 1st report at AoYA 6. Some really big gains.

• First time at AoYA 3mo: 24 out of 28 scores go up +8 to +25
• First time at AoYA 6mo: All 28 scores up +8 to +29
• Second time at AoYA 3mo: Not as good , still got +11 on the EX 8's
• Second time at AoYA 6mo: Not much of anything! 2 or 3 points here and there.

At each threshold I saw 'Short revolving credit history' move down one spot in the reasons.

When I switched scorecards at 2yr 0mo AoOA, it was reset back to #2, and then went down a spot just as before.

The changes in reason statements and score gains at AoYA 3mo, 6mo, and 9mo seem confined to young credit profiles.

[Anonymous]

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@Doodlebug30 wrote:

I have 4 accounts opened in the last 12 months. 2 of those accounts will turn 1 year old by mid-end of November 2020.

If there are score gains due to aging, you'll see them on November 1st. FICO uses 1st of the month in which you opened an account.

You won't have to wait until the exact opening date in November.

[Doodlebug30]

Thanks! Good to know!

[Anonymous]

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@Doodlebug30 wrote:

I have 4 accounts opened in the last 12 months. 2 of those accounts will turn 1 year old by mid-end of November 2020. My question is, how much, if any, of a point recovery should i see for new accounts aging? I know, no one can accurately predict and it depends on your file but i was just looking for a round about guess. But for the purpose of this exercise, here are my DPs

7 cc's - agg UTIL 13% (will be less next month)

1 installment (SL) 

1 card has 55% util but will be under 50 by Nov. (0% promo on a couch)

AAOA 6.3 years (per experian report) 

INQ 5 or less on each bureau and most will be 1+ year old after november. 

Just curious and looking for peoples opinions!

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@Doodlebug30 assuming you're in a clean card, when your youngest revolver ages to 12 months,  you will see a boost on 8s.