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@NRB525 wrote:
@Anonymous wrote:
@Anonymous wrote:
Experian considers all your cards to have been opened on the 1st of the month in the month they were opened -- have a look at account opened date, you will see on EX that it's always the 1st, regardless of what the actual day was. This is true on EQ as well but I think TU actually uses the real opening day.
So......
Take a look at two things: What happened to the age of your OLDEST account on that one day? And what happened to your AAoA on that one day?
Both those numbers at EQ change only on the 1st of a month. I would bet you find your answer as to why your score went up--something hit a nice round number?
Good to know about inquiries affecting up to a year.
Oldest Account13.2 year(s)Date Opened06/01/2002 (Closed on 4/15/15, but Experian treats this as 4/1/15?)Nex Oldest AccountDate Opened07/01/2003 (Open)Average Account Age4.1 year(s)So doesn't seem to be there. It must be something that happened in August or September? I'll look around.Well, oldest cards are nice to know, but you have recent INQ. That implies recently opened CC as well.
What are the opening dates for each of the newer cards, those under 2 years?
@Anonymous wrote:Regarding the effect of inq, my score bumps up every 6 months by different amounts. I guess 6 month and 1 yr just have diferent weighting on their effects but inqs usually affect the score until they are aged out for 2 yr monitoring time, I think,
Inquiries only count for 1 year in every FICO model released to date, possible exception of FICO 9 which is pretty much an unknown quantity at this point. They remain on the report for 2 years though.
Inquiries don't age in a vacuum, and there's long since been a theory that six months is the tradeline seasoning boundary. My own data suggests inquiries count the same in that first year and it's just an aggregate measurement of all inquiries within 1 year that's scored (with the exception of mortgage / auto / student loans that have rollup rules for rate shopping purposes).
@Anonymous wrote:
My inquiry daeCAP ONE NADate Filed06/08/2015AMEXDate Filed05/15/2015CHASE CARDDate Filed05/14/2015BK OF AMERDate Filed05/14/2015CBNADate Filed04/15/2015
Three new accounts in May, each would be aging to 3 months old as of August 1 if the "Opened" date were baselined to May 1.
In the score simulator that is used for general comparisons, there is a "new accounts" factor that uses <3 months, 3-6 and 6+ as the available categories. Thus I think there is some factor in there, and three accounts passing that <3 month gate helps the score.
I actually have 4 accounts hitting the 3 month mark!
Open Dates:
Amex (Closed)
Amex