So I know that the score simulator here isn't exactly the gospel, but I'm wondering where it might be coming up with the following:
If I choose "Pay All Your Bills On Time" for a duration of 3 months, it shows a 10 point bump (715 to 725). 6mo = 20pt to 735, and 1yr = 45pt bump to 760.
What I can't figure out is why it suggests that those two milestones (3 and 6 mo from now), would be meaningful. I've run an AAoA spreadsheet and my current AAoA is 5yrs (took a major beating from all the new accounts I've opened since this April). I've calculated AAoA as best I know: [months open/number of accounts]/12 then rounded down to the whole year. It doesn't cross the 6yr threshold until late in the summer next year by my calculations, so I wouldn't expect to see a bump from that until a year from now.
Am I missing something and overlooking potential bumps in 3 and 6 mos? Or is this simulator as useful/less as I suspect?
@Anonymous wrote:Do you have late payments in the past couple years?
Not that should factor in here, I don't think. Only derogs are a single 60 day each on two student loans from 2.5 years ago. As far as I understand it, those hurt hard for 2 years, then soften up a bit until they fall off.
Looking at my AAoA spreadsheet, I did notice that a few of my accounts age to over 6mo in 3mo, and in 6mo all of my accounts are older than 6mo with a few going over a year. Maybe that's what it's seeing? Or maybe it's bunk and I've put too much attention into this already, lol.