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02-02-2022
03:37 PM
02-02-2022
03:37 PM
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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02-03-2022
02:48 AM
02-03-2022
02:48 AM
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.
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Kudos
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02-03-2022
06:00 PM
02-03-2022
06:00 PM
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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Kudos
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02-03-2022
07:45 PM
02-03-2022
07:45 PM
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.
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Kudos
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