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Rebucketting: AoOA hits 3 yrs - 33 pt drop on EX

hAr1x
Valued Member

Rebucketting: AoOA hits 3 yrs - 33 pt drop on EX

Here's a rebucketting DP as my AoOA hits 3 years, for Experian. Nothing changed from Jan to Feb, except all my accounts aged 1 month. Score drop = 33 pts Post where I learned this from: https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Oldest-account-hits-3-yrs-scores-drops-u... Question: will this affect credit worthiness as I will be seeking a car loan soon?
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FireMedic1
Super Contributor

Re: Rebucketting: AoOA hits 3 yrs - 33 pt drop on EX

Sorry you got whacked for aging your profile. Need a bit more info. What are your FICO scores. If you have MyFICO you'll see your Auto Scores. Then the gang can go from there. Higher scores, lower APR.





Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
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hAr1x
Valued Member

Re: Rebucketting: AoOA hits 3 yrs - 33 pt drop on EX

FICO 8: 793 -> 760

 

FICO Auto 2: 710 -> 710

 

FICO Auto 8: ? -> 764

 

I did have a 20% usage on one of my cards though. I paid it off. Let's see what happens after my statement comes out in 2 days.

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FireMedic1
Super Contributor

Re: Rebucketting: AoOA hits 3 yrs - 33 pt drop on EX

Hopefully you dont have all accounts reports $0 balance in a couple days. That will cost some points. Once you get closer to getting the car. You could do a 3B pull from here and see what your FICO 9 Auto Score is. Thats what Chase used when I got my truck 7 months ago. FICO 9 is usually higher than 8.





Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
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