Score increase even after 5 account closures.

[Anonymous]

 I closed 5 Comenity cards and my credit score still went up 3 points. They did give me an exclamation point beside of the closing activity though.

[Anonymous]

or the fact an inquiry came off maybe?

[Anonymous]

That looks like credit.com? Basically a FAKO score which is not accurate at all.

Secondly, yes, closing account can improve your score. These accounts will still report for 10 years, and it's payment history, utilization and average age of accounts that matters. Number of cards does not affect scores, unless you have 1-2 cards.

[Anonymous]

I have no idea what that means unless they removed a hard pull I took for Wayfair and then closed it after a month.  I got my credit report from annualcreditreport.com and it showed 5 HPs on one of the reports.  Had been 6 there and was supposed to be there until Feb 2017.  Maybe I need to comb through those 20 pages.  Both credit scores on Credit Karma went up 7 points.  Citi FICO didn't report last week.  Was 744 last month.

[Thomas_Thumb]

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@Anonymous wrote:

 I closed 5 Comenity cards and my credit score still went up 3 points. They did give me an exclamation point beside of the closing activity though.

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I suspect you still have a "critical mass" of open CC accounts with relatively high CLs - say QTY of 5, minimum 3.

Total accounts QTY, mix rating and average age of credit include both open and closed accounts - so closing these accounts has NO negative impact on these factors until 10 years down the road (or score). However, you do lose the credit limits associated with the cards that were closed.

If the loss in CL does not cause a significant increase in your aggregate CC utilization %, then there should be no negative impact - regardless if the scoring model is Experian National Equivalency, as you show, VantageScore 3.0 (which you can also display through an expanded view on credit.com), Fico 4 or Fico 8.

An inquiry dropping off often does boost score - if it puts you in a different QTY bin. Not sure if the inquiry notification you are showing refers to inq reaching 1 year or 2 years and dropping off the report. I know VS 3.0 scores inquiries for 2 years (Fico only one year) but, not sure about EX NE model.

[Anonymous]

Yes, I did know that about Credit.com and Vantage 3.0.  I am a 1 percenter.  The most I have ever had was 2% utilization.  I went from 16 to 11 cards.  I am a credit score junkie so I do look at Wisepiggy, credit.com, creditsesame.com, creditkarma.com and my Citi FICO score and anything else I can obsess over.  I fell into the trap of easy credit and getting instant approvals and went overboard without ruining my credit.  I don't want another credit card.  I want an 800 credit score.

[Thomas_Thumb]

FYI - No need to obsess about the 1% from a scoring perspective. However, no harm either.

I allow AG UT % to float between 1% and 5% - never seen score changes due to AG UT% fluctuations in 2 years - regardless of model. Minor score changes due to an INQ dropping off - yes or # open accounts reporting a balance - yes (Fico 8 BC only).

Appears that AAoA may be holding your score down, along with a few "new" accounts. You rate a "B" for inquiries, at least with Experian, so that likely is a factor still affecting your score. Also, given your mix is a "B", I suspect you lack an open installment loan. An installment loan (personal, auto, mortgage or home equity) could significantly boost your score.