@LilyBee wrote:Hello:
Been involved with the election campaign, then turkey day, but I finally checked my latest scores today.
Equifax - 846; TU - 850; and EX 836. The reasons for Exceptional score are:
1. No missed payments.
2. Ratio of balances to credit limits is 1%.
3. Oldest account opened 21 years 9 months ago. (How old is FICO? I know I've had credit cards before then.)
4. Average age of accounts is 13 years 7 months.
I just paid off an installment loan in October, so my EQ and EX scores dropped because I have no installment loans, and I haven't used a credit card in a month. DUH Might be time for me to purchase a new car so my scores would go back up. Sheesh!! What a game.
Hope everyone had a happy turkey day; now it's back to work.
Cheers.
Nice to see the high Fico 08 scores even without an open installment loan - particularly the TU score which is still 850.
Ubuntu reported similar findings some time ago. He had no loans open or closed on file at the time (per his other posts). See paste
FYI - Fico History
Thank you, ThomasT and iv:
Good information to know as I keep checking the Forum. But, I really miss not having those 850 numbers across all three fields. I think I will just keep the photo of them on my wall. 
They look so pretty.
Better luck to me (and everyone else) next year.
I passed the 760 thresholds in September after a year of applying learnings from this site. Thanks, every one!
T_Thumb, what service provides you with the screen shot below (it's from page 126 of this thread and mentions AAoA of 7 years 8 months)? Is it CCT? Experian? I've been using myFICO, CK, Equifax (now cancelled) and CapOne for score updates and insights but your screen shots similar the one below appear to be more specific and informative.
I'll share more of my info when I get off this phone and on a pc.
Hello 909:
It comes from Experian and is part of the information they supplied in their Plus Score report. Not sure that those reports are still available.
A lot of reported data here shows/supports the belief that 8 years is a milestone for AAoA needed to reach a Fico 08 850. The CRAs have the ability to "tweak" Fico models to their liking - within limits. What the screen shot shows is that Experian, based on what they presented in that text box, uses an AAoA benchmark that is in alignment with observations presented on MyFICO.
Experian, on the same report, also includes a text box stating they use 90% as a max out criteria on revolving credit cards. Again, this threshold is in reasonable alignment with Fico 08 results that have been presented on MyFICO. It really is rather difficult to precisely nail down what Fico 08 has as a max out threshold. Some think 80% or 85%.
My view is crossing a max out threshold should produce a rather significant score drop indicitive of a "high risk" condition existing. I really have not seen data showing major score adjustment on an individual card basis for UT in the 75% to 85% range. Thus, I am inclined to go with 90% as stated by Experian.
@Thomas_Thumb wrote:Hello 909:
It comes from Experian and is part of the information they supplied in their Plus Score report. Not sure that those reports are still available.
A lot of reported data here shows/supports the belief that 8 years is a milestone for AAoA needed to reach a Fico 08 850. The CRAs have the ability to "tweak" Fico models to their liking - within limits. What the screen shot shows is that Experian, based on what they presented in that text box, uses an AAoA benchmark that is in alignment with observations presented on MyFICO.
Experian, on the same report, also includes a text box stating they use 90% as a max out criteria on revolving credit cards. Again, this threshold is in reasonable alignment with Fico 08 results that have been presented on MyFICO. It really is rather difficult to precisely nail down what Fico 08 has as a max out threshold. Some think 80% or 85%.
My view is crossing a max out threshold should produce a rather significant score drop indicitive of a "high risk" condition existing. I really have not seen data showing major score adjustment on an individual card basis for UT in the 75% to 85% range. Thus, I am inclined to go with 90% as stated by Experian.
Yes I get those on Experian, just click on "score":
Interesting. I get a very similar message from myFICO about a "short credit history" despite a 28 yr OA and 6 yr AAOA. I think the unwritten part of that message refers to the fact that 6 of 7 of my revolvers were opened in the past year (unfortunately, I closed my old cards during the great unpleasantness - credit mess, divorce - of 2008 to 2010).
As for my question about T_Thumb's screenshot showing the 16 year AAoA and 7 year 8 month threshold, I was intrigued that they mentioned a specific threshold instead of just not mentioning it at all. Many messages from myFICO, CK, Equifax, etc. can be quite cryptic.
p.s. What a coincidence that we opened our oldest accounts 1 month apart 28 years ago!
FYI - Here is one more interesting threshold (for average CL) that Experian provided on my Plus Score report.
Side notes:
1) Experian Plus score is not a Fico based scoring algorithm.
2) Fico (other than possibly their version of CBIS) does not use average CL as a scoring factor. In fact, average CL is not on the list of " Fico Score Factors Guide - Experian".
https://www.figfcu.com/documents/fico/FICO%C2%AE%20Score%20Factors%20Guide%20-%20Experian.pdf