Oldest account hits 3 yrs scores drops up to 22 points

[Anonymous]

[EDIT: I got an alert that TU 8 dropped: -20 points with no changes but aging!]

It's December 1st, 2020 and I just hit AoOA 3yr 0mo, but I also hit AoORA 2yr 0mo at the same time since my very first account on file was a secure shared loan (SSL) that I gardened (lol) for 1yr 0mo before paying it off. 2yr 0mo since closing - this is my oldest account.

None of my 4 open bank-issued cards has reported yet this month, and when they do, it will look exactly the same as my November 3B report. So, more to come on this with the next monthly 3B around the 10th.

	8	AU8	BC8	MTG	AUT	BKC	9	AU9	BC9	3
EX	+2	+6	+3	+8	+7	+9	NA	NA	NA	+11

AoOA	AAoA	AoYA
3yr 0mo	1yr 9mo	10mo
AoORA	AAoRA	AoYRA
2yr 0mo	1yr 5mo	10mo
AGGREGATE %	AGGREGATE $	TOTAL LIMIT
2% [2.125]	$680	$32,000

(New EX scores in signature. Everything else has to wait for the 3B. EX 2 is now 751 (+8), highest its ever been.)

"Maybe so, sir. But not today.": https://youtu.be/gNtJ4HdMavo?t=368

But that's not the end of the story....TU 8 dropped 20 points from 766 to 746!

Check out the reason statement changes: "Length of time revolving accounts have been established' moves UP 1 spot from the prior month, which means it's affecting my score more now. I believe this indicates a shorter history on whatever scorecard I just moved to - it sure isn't a 'total revolving history' metric.

I've seen this same thing before on the 8's at AoOA 2yr 0mo. That reason statement was gone from many scores at 6mo AoYRA and then it shot right back up to #2.

FICO 8

EQ	-	NR	12/01	Not reported yet
		760	11/10	Short credit history	Lack of recent non-mortgage installment loan	Not Shown - Incomplete	Not Shown - Incomplete
TU	-20	746	12/01	Length of time accounts have been established	Lack of recent installment loan information	Length of time revolving accounts have been established	Too many accounts with balances
		766	11/10	Length of time accounts have been established	Lack of recent installment loan information	Too many accounts with balances	Length of time revolving accounts have been established
EX	+2	747	12/01	Short account history	Lack of recent non-mortgage installment loan	EX CMS doesn't show it. Incomplete.	EX CMS doesn't show it. Incomplete.
		745	11/10	Short account history	Lack of recent non-mortgage installment loan	EX CMS doesn't show it. Incomplete.	EX CMS doesn't show it. Incomplete.

[Girlzilla88]

Nice 

[Anonymous]

---

@Anonymous wrote:

It's December 1st, 2020 and I just hit AoOA 3yr 0mo, but I also hit AoORA 2yr 0mo at the same time since my very first account on file was a secure shared loan (SSL) that I gardened (lol) for 1yr 0mo before paying it off. 2yr 0mo since closing - this is my oldest account.

None of my 4 open bank-issued cards has reported yet this month, and when they do, it will look exactly the same as my November 3B report. So, more to come on this with the next monthly 3B around the 10th.

	8	AU8	BC8	MTG	AUT	BKC	9	AU9	BC9	3
EX	+2	+6	+3	+8	+7	+9	NA	NA	NA	+11

AoOA	AAoA	AoYA
3yr 0mo	1yr 9mo	10mo
AoORA	AAoRA	AoYRA
2yr 0mo	1yr 5mo	10mo
AGGREGATE %	AGGREGATE $	TOTAL LIMIT
2% [2.125]	$680	$32,000

(New EX scores in signature. Everything else has to wait for the 3B. EX 2 is now 751 (+8), highest its ever been.)

"Maybe so, sir. But not today.": https://youtu.be/gNtJ4HdMavo?t=368

---

@Anonymous Congratulations !!!!

[Anonymous]

I just updated my original post.

TU 8 dropped: -20 points with nothing but aging. Check out the reason statement changes from the prior month!

( @Remedios called it perfectly. Now I get to see how bad it is with EQ 8. She said around -25 points...bet that's right too!)

[Remedios]

@Anonymous  I think 20(ish). It will "level" with the other two. 

I'll be new account free in 30 days, so we shall see if I'm still slapped over the head whenever more than 3 cards report (3/14). 

I'd really love to hear your opinion on this. 

By yours, I really mean yours, not Ficopropaganda. 

In some ways, it makes sense. My scores were in 770 to 790 range.

I understand that 790 with 3 years isn't "the same" 790 with 5 years of history, and 5 years with 790 still isn't the same as 10 years...I'm sure you understand.

At the same time, why even allow scores to go that high on kiddo scorecard? 

A more reasonable approach would be "maxing" it at 750 and calling it a day, without possibility of further growth untill three years are reached. 

[Anonymous]

---

@Anonymous wrote:

[EDIT: I got an alert that TU 8 dropped: -20 points with no changes but aging!]

It's December 1st, 2020 and I just hit AoOA 3yr 0mo, but I also hit AoORA 2yr 0mo at the same time since my very first account on file was a secure shared loan (SSL) that I gardened (lol) for 1yr 0mo before paying it off. 2yr 0mo since closing - this is my oldest account.

None of my 4 open bank-issued cards has reported yet this month, and when they do, it will look exactly the same as my November 3B report. So, more to come on this with the next monthly 3B around the 10th.

	8	AU8	BC8	MTG	AUT	BKC	9	AU9	BC9	3
EX	+2	+6	+3	+8	+7	+9	NA	NA	NA	+11

AoOA	AAoA	AoYA
3yr 0mo	1yr 9mo	10mo
AoORA	AAoRA	AoYRA
2yr 0mo	1yr 5mo	10mo
AGGREGATE %	AGGREGATE $	TOTAL LIMIT
2% [2.125]	$680	$32,000

(New EX scores in signature. Everything else has to wait for the 3B. EX 2 is now 751 (+8), highest its ever been.)

"Maybe so, sir. But not today.": https://youtu.be/gNtJ4HdMavo?t=368

But that's not the end of the story....TU 8 dropped 20 points from 766 to 746!

Check out the reason statement changes: "Length of time revolving accounts have been established' moves UP 1 spot from the prior month, which means it's affecting my score more now. I believe this indicates a shorter history on whatever scorecard I just moved to - it sure isn't a 'total revolving history' metric.

I've seen this same thing before on the 8's at AoOA 2yr 0mo. That reason statement was gone from many scores at 6mo AoYRA and then it shot right back up to #2.

FICO 8

EQ	-	NR	12/01	Not reported yet
		760	11/10	Short credit history	Lack of recent non-mortgage installment loan	Not Shown - Incomplete	Not Shown - Incomplete
TU	-20	746	12/01	Length of time accounts have been established	Lack of recent installment loan information	Length of time revolving accounts have been established	Too many accounts with balances
		766	11/10	Length of time accounts have been established	Lack of recent installment loan information	Too many accounts with balances	Length of time revolving accounts have been established
EX	+2	747	12/01	Short account history	Lack of recent non-mortgage installment loan	EX CMS doesn't show it. Incomplete.	EX CMS doesn't show it. Incomplete.
		745	11/10	Short account history	Lack of recent non-mortgage installment loan	EX CMS doesn't show it. Incomplete.	EX CMS doesn't show it. Incomplete.

---

@Anonymous yes I'm sure the age of oldest Revolving account has a top range of three years on a young Scorecard, it would have to or it would change to a mature card.

So, relatively, you were at a higher end of the young scale than you would be now, considering your oldest revolver is not even 3 years and you're now on a mature profile that ranges from three years to infinity.  

no doubt the low age of oldest Revolving Account is a much bigger deal on the mature Scorecard, as you're now at the bottom of the AoORA ladder instead of 2/3 of the way up it. 

[Anonymous]

---

@Remedios wrote:

@Anonymous  I think 20(ish). It will "level" with the other two. 

I'll be new account free in 30 days, so we shall see if I'm still slapped over the head whenever more than 3 cards report (3/14). 

I will be new account free on February 17th, 1 day before the NASA Perseverance Rover lands on Mars.

More than 3 of 14....that's harsh.

I'd really love to hear your opinion on this. 

By yours, I really mean yours, not Ficopropaganda. 

In some ways, it makes sense. My scores were in 770 to 790 range.

I understand that 790 with 3 years isn't "the same" 790 with 5 years of history, and 5 years with 790 still isn't the same as 10 years...I'm sure you understand.

Absolutely. There is no substitute for experience.

At the same time, why even allow scores to go that high on kiddo scorecard? 

A more reasonable approach would be "maxing" it at 750 and calling it a day, without possibility of further growth untill three years are reached. 

---

I think this has more to do with lender rules than math. They never want to exclude too many people.

I mean, most of it is going to be objective profile-data  pattern-analysis, but I'm sure they don't want to penalize too much. So many lenders these days seem to be more interested in the lower end of the credit score spectrum anyway.

[Anonymous]

@Remedios: Oh yeah, I forgot something else.....I think you're on to something with that 'leveling off to what EX was at'.

My new EX 8 score of 747 seems more in line with 'reasonable based on history'. TU 8 766....yeah, fun to look at, but for real? Not even 2 years payment history on a credit cards?

I have a TU Bankcard 8 of 781 right now (of 900, of course) and it's going to drop at least 20pts on the next 3B to 761. Also more in line with EX BC8 of 756.

Really no wonder Amex, Discover, and Citi are known to pull EX 8. It seems more of a true score to me.

[Remedios]

Could be. Whatever "tweaks" FI makes per CRA request must be appealing to some of them.

Experian also offers wider variety of products (ones we aren't privy to lol), and it often bundles them as a part of package, plus they have their fingers in too many ancillary CRAs or data aggregators, making it so much harder to hide anything from them.

 Right now Amex is pulling Clarity in addition to EX, looking for the bodies when it comes to borderline applicants. 

I've been told their Risk Management Solutions product is by far superior to similar products by the other two. 

[CaptJOB]

My EX8 took an 8 point hit today hitting 3 years(778->770). Was hoping that was what to expect on EQ and TU but it sounds like those get a bit harder...