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Congrats BBS! Logged into Amex tonight and noticed the 850. Always close, but the planets must of finally lined up.
@Anonymous wrote:Is it possible there’s an 18 month AoYA threshold?
Possible sure. I know some scoring models will give you age of accounts too low reason statements (or similar ones) for AoYA under 2 years and I think TT said it may be possible to see one even at 3-5 years, although at that point I wouldn't expect the scoring impact to be significant. 24 months though I think could be noteworthy, although I doubt it would be as big as the typical 15-20 points seen at the reaching of 12 months, or we would have heard from people on this forum about it. It's possible that at the mid-point of 18 months some points could be seen, but again I wouldn't expect it to be the 16 or so that I'm looking for here.
Who really knows...
On my 850, they are showing items that are affecting my score.... Really ? ?
@Anonymous wrote:
@Anonymous wrote:Is it possible there’s an 18 month AoYA threshold?
Possible sure. I know some scoring models will give you age of accounts too low reason statements (or similar ones) for AoYA under 2 years and I think TT said it may be possible to see one even at 3-5 years, although at that point I wouldn't expect the scoring impact to be significant. 24 months though I think could be noteworthy, although I doubt it would be as big as the typical 15-20 points seen at the reaching of 12 months, or we would have heard from people on this forum about it. It's possible that at the mid-point of 18 months some points could be seen, but again I wouldn't expect it to be the 16 or so that I'm looking for here.
The "new account relatively recently" disappeared as a negative reason statement on my reports at exactly 5 years. It was either the 2nd ranked or top ranked negative statement on all my EQ score reports from 3/2015 thru 8/2016. It did not show up on any reports from 10/2016 onward - Note: my most recent account reached 5 years 9/2016.
Remaining "relatively recently" impact on score at 4 to 5 years under 5 points - IMO.
Since my lone EQ INQ for a CLI aged to 12 months in December, I'm back to the same two reason statements on EQ BCE.
The only scores I have regular access to are my FICO 8's and then EQ BCE 8 and TU FICO 4, simply because I get them through my accounts. It wasn't until very recently (whenever I started that 28 scores thread) that I ever acquired my full list of FICO scores. So, unfortunately I have no other [score] basis of comparision against that TU FICO 8 score. I do know that the 2 negative reason statements that I see with my TU FICO 4 score have nothing to do with revolving credit use, as both point to length of time accounts have been established. Those codes have been the same for probably a solid year.
Birdman, it's possible to receive the negative reason statement of "too many accounts with a balance" if someone has just 2 accounts with a balance... one being a revolver and one being a loan. I've seen it personally on my profile. I do not believe the impact here is much at all and it's honestly more of a filler statement. By dropping either of those accounts to a $0 balance (to achieve 1 less account with a balance) I'd be taking a larger penalty for "no revolving credit use" or "no recent installment loan information."
BBS where are you getting your TU 04 score regularly?