Score bump when AoYA reaches 6 months?

[Anonymous]

sjt I agree 4.8 years is not a threshold.

Considering all age related factors will appear on the first of the month, you should have no problem isolating them, as long as you don’t have any other changes on the firsts of the months. (I understand the car loan may interfere from time to time.)

I actually did start a thread for the older algorithms, because I’d like to discover those thresholds. I still have a lot to learn about it though. But with help from other members like you, hopefully we will discover what we need to! 😉

[sjt]

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@Anonymous wrote:
sjt I agree 4.8 years is not a threshold.

Considering all age related factors will appear on the first of the month, you should have no problem isolating them, as long as you don’t have any other changes on the firsts of the months. (I understand the car loan may interfere from time to time.)

I actually did start a thread for the older algorithms, because I’d like to discover those thresholds. I still have a lot to learn about it though. But with help from other members like you, hopefully we will discover what we need to! 😉

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Do you have a link to that thread so I can add some DP. My AoYA just turned exactly 1 year as of 9.22.19 and I got a 3 point bump on Experian.

[Anonymous]

My pleasure, remember this thread is for AoYA on OLDER algorithms, like 1998/2004 versions not 2008:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Anyone-notice-AoYA-awards-on-older-model...

[Anonymous]

If you were concerned with version eight we can start another thread just for that.

[Anonymous]

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@sjt wrote:

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My AoYA just turned exactly 1 year as of 9.22.19 and I got a 3 point bump on Experian.

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Remember that age of accounts factors increase on the 1st of the month.  So, if your AoYA reached exactly 1 year on 9-22-19, it reached 12 months of age in the eyes of the Fico algorithm on 9-1-19.  At that time you would have seen the score increase associated with AoYA crossing that well-documented threshold point of 12 months.  Usually the score gain is greater than 3 points.  If you saw a gain of 3 points on 9-22-19 my guess is that they came from a different factor completely.

[sjt]

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@Anonymous wrote:

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Remember that age of accounts factors increase on the 1st of the month.  So, if your AoYA reached exactly 1 year on 9-22-19, it reached 12 months of age in the eyes of the Fico algorithm on 9-1-19.  At that time you would have seen the score increase associated with AoYA crossing that well-documented threshold point of 12 months.  Usually the score gain is greater than 3 points.  If you saw a gain of 3 points on 9-22-19 my guess is that they came from a different factor completely.

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You are right. My last HP turned 1 yr on 9.22.19. I believe that is the reason for the 3 point bump.

[Anonymous]

Good catch, I just assumed you were talking about changes from the first of the month. I should’ve asked and clarified.

[Anonymous]

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@sjt wrote:

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You are right. My last HP turned 1 yr on 9.22.19. I believe that is the reason for the 3 point bump.

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Gotcha, that makes sense.  Do you have any data on your scores before/after the 1st of the month to try and see if the age of accounts increase had any impact?

[sjt]

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@Anonymous wrote:

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@sjt wrote:

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You are right. My last HP turned 1 yr on 9.22.19. I believe that is the reason for the 3 point bump.

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Gotcha, that makes sense.  Do you have any data on your scores before/after the 1st of the month to try and see if the age of accounts increase had any impact?

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My FICO 8 Classic score was 793 on 8.31.19. On 9.1.19, it went up 28 points to 821. On 9.4.19, it went up another 3 points to 824. On 9.22.19, another increase of 3 points to 827. The simulators had projected this final score in August.

Another interesting note, Simulators projected a 5 point increase in October. On 9.22.19, those projections vanished.

[Anonymous]

Hello fico world can someone please move this post to the correct place .. I wanted some advise either on applying for a few cards or just wait thank u