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Oldest account hits 3 yrs scores drops up to 22 points

Frequent Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

The first thing I did was check the mortgage but it's paid.
12/15 - First Tradeline - 06/16 - First Credit Scores - 12/17 - 800 Credit Score - 3/18 - Homeowner
FICO SCORE 08 - Nov 2018 - EX 751 - TU 758 - EQ 766


DW - FICO SCORE 8 - Nov 2018 - EX 766 - TU 771 - EQ 764

Message 11 of 25
Valued Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points


@Poppa wrote:
The first thing I did was check the mortgage but it's paid.

I am making sure you didn't "just" paid off a installment loan? If so that will cause the points lost if you don't have a open installment loan

Message 12 of 25
Frequent Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

No the house is far from paid off Smiley Happy bought it in March 

12/15 - First Tradeline - 06/16 - First Credit Scores - 12/17 - 800 Credit Score - 3/18 - Homeowner
FICO SCORE 08 - Nov 2018 - EX 751 - TU 758 - EQ 766


DW - FICO SCORE 8 - Nov 2018 - EX 766 - TU 771 - EQ 764

Message 13 of 25
Super Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

I have not personally seen an instance where someone was rebucketed and saw a 22 point score drop from their file aging.  If anyone else has seen this, I'd enjoy hearing about it.

Message 14 of 25
Frequent Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

Yeah I'm with everyone else on this. Something else changed that you just didn't notice. My oldest account went from 11 years 11 months to 12 years on the first of this month and my score went UP 20 points. My AAoA also went from 1 year 11 months to 2 years. So this would almost certainly result in an increase.


I am in the garden until next year!




Collections: 1 (medical-paid: $80)
Late Payments: 1 (30 day from 2013-GOODWILL GRANTED! 10/31--Should be deleted soon--Still waiting!)
Starting Scores (3/2018): 580 range
Message 15 of 25
Frequent Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

Me and my wife's credit both turned 3 years old the same day. We both had these drops. The only account we share is our mortgage which is current. She hasn't opened an account or gotten an inquiry since March. She had the biggest drops. I see 2 seperate accounts with 1 change in common. Seems to me that the 1 thing in common has a chance of being the reason. 

12/15 - First Tradeline - 06/16 - First Credit Scores - 12/17 - 800 Credit Score - 3/18 - Homeowner
FICO SCORE 08 - Nov 2018 - EX 751 - TU 758 - EQ 766


DW - FICO SCORE 8 - Nov 2018 - EX 766 - TU 771 - EQ 764

Message 16 of 25
Super Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

And what is that 1 thing?
Message 17 of 25
Frequent Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points


@Poppa wrote:

Me and my wife's credit both turned 3 years old the same day. 

 


 

12/15 - First Tradeline - 06/16 - First Credit Scores - 12/17 - 800 Credit Score - 3/18 - Homeowner
FICO SCORE 08 - Nov 2018 - EX 751 - TU 758 - EQ 766


DW - FICO SCORE 8 - Nov 2018 - EX 766 - TU 771 - EQ 764

Message 18 of 25
Frequent Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points

Following this juicy mystery

FICOs: EQ - 714 / TU - 721 / EX - 717
Garden: 11/1/18 / 19%
Profile: Aaoa - 4.6y / Aooa - 13y / Aoya - 1m
Wallet:
"An investment in knowledge pays the best interest." - BF
Message 19 of 25
Super Contributor

Re: Oldest account hits 3 yrs scores drops up to 22 points


@Poppa wrote:

@Poppa wrote:

Me and my wife's credit both turned 3 years old the same day. 

 


 


Indeed a mystery. 

OP can you list out all accounts separately for both of you?

Every last account, Credit cards, mortgage, any other loans. Include month/year opened, limit, balance on last statement. 

 

To be clear, the first credit account you each ever EVER got was three years ago? Any other credit of any kind prior to 12/2015?

 

Any closed accounts at any point in time?

Any disputes you placed in the past on any items, credit or otherwise, in your credit file?

 

Are you only getting scores from CCT, or do any cards you have provide FICO 8 score? Discover? AMEX?  Chase Slate?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812

Delta Reserve and CSP Jan 2018, no more 5/24 worries... unless new Chase Marriott/SPG replacement is enticing...meh, turns out not. [unless a 100k points SPG Luxury Upgrade appears... well lookie here...]
Message 20 of 25