Study: AAoA and max FICO score (Forum Survey)

[Anonymous]

OleHammer, thanks for all the effort. I appreciate the data points - they are very interesting! Would love to see more participate

[Anonymous]

Survey Blank:
FICO 08 Score: 748
AAoA: 10 months (0.83yr)
Oldest Acount: 1.5 years
Youngest Account: 2 months (0.17yr)
# 30-60 day lates <2 years: 0
# Derogs: 0
# Inquiries <1 year: 2
Bankruptcy (Y/N): N

Notes: 1% util

....

Your survey is really helpful. Looking at it, at 748 I have hit some sort of cap based on under 1yr AAoA and I should see a significant bump up in two months when my AAoA passes a year. In fact your chart predicts my score will rise to between 765 and 771 from 748 when AAoA hits one year.

I will definitely report back in two months to see if that is true!

[DIYcredit]

Hi

    This is a great study and just proves to me without a shadow of a doubt that healthy credit habits,sound financial management practices demonstrated over a long period of time is the keys to an improved credit score.

FICO 08 Score: 711

AAoA: 9 years

Oldest Acount: 14 years

Youngest Account:9 months

# 30-60 day lates <2 years: 3

# Derogs: 0

# Inquiries <1 year: 2

Bankruptcy (Y/N): no

Aggregate  Utl: 31%

[olehammer]

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@Anonymous wrote:

Your survey is really helpful. Looking at it, at 748 I have hit some sort of cap based on under 1yr AAoA and I should see a significant bump up in two months when my AAoA passes a year. In fact your chart predicts my score will rise to between 765 and 771 from 748 when AAoA hits one year.

I will definitely report back in two months to see if that is true!

---

Thanks and I'm glad it helps!  A little giving back to the community that has helped be build back from the high 500s. On next month's update my Bank America lates are being deleted, my instalments drop below 9% util and i pop back over 2 years AAoA.  I'm am soooo looking forward to that score refresh on March 1.

[s_haliz]

Survey Blank:

FICO 08 Score: TU 850 Eq 850 Exp 847

AAoA: 8 yr. 

Oldest Acount:  29 yr.

Youngest Account: 1.5 yr.

Utilization: 1% (in reality less than 1% but it rounds to 1%). 

# 30-60 day lates <2 years:  0

# Derogs:  0

# Inquiries <1 year: Eq 0 Exp 0 TU 0

Bankruptcy (Y/N): N

[Anonymous]

I am curious about these two lines:

765 1.1 1.9 0.2 0 0 3 N
748 1.3 4.1 0.3 0 0 1 N 2% Util

The lower 748 score has longer AAoA, much longer oldest account, older newest account, and fewer inquiries. With 2% utilization that isn't holding back the score.

So what could be making it 17 points lower than the first line at 765?

I will be in that range in two months, when my AAoA reaches a year.

Could it be number of accounts? Something else?

[Thomas_Thumb]

Perhaps # accounts reporting a balance, or somewhat high UT% on a specific card.

Hard to say as the data sets lack sufficient granularity to make a determination.

[olehammer]

---

@Anonymous wrote:
I am curious about these two lines:

765 1.1 1.9 0.2 0 0 3 N
748 1.3 4.1 0.3 0 0 1 N 2% Util

The lower 748 score has longer AAoA, much longer oldest account, older newest account, and fewer inquiries. With 2% utilization that isn't holding back the score.

So what could be making it 17 points lower than the first line at 765?

I will be in that range in two months, when my AAoA reaches a year.

Could it be number of accounts? Something else?

---

Several factors that we aren't aware of here:

• The overall utilization and amount of accounts reporting a balance
• Status of installment loans for both
• Past last payment history older than 2 years

The purpose of the survey isn't to explore a comprehensive look at credit scores.  However, I would love to see a site (or bulid one) similar to the credit boards approval database that allows people to log their credit reports and scores!

[Gardenhand]

So I had a chance to get a little more specific with my Aaoa. I think I'm close to 14.75 months. Sorry but I don't know exactly how to figure this out. Here are my calculations.

My Experian score did just update to 778.

oldest account---23 months
aaoa---14.75 months
INQS-3

no bankrupcy

no derogs

 no lates

Open
TD card 3-4-2014---1 year 11 months---23 months
Discover 11-25-2015--- 2 months
Amex 11-24-2015---2 months
Alliant loan 9-5-2014---1 year 5 months---17 months

Closed
Sdfcu card 3-26-2014 1 year 10 months---22 months
Open sky card 9-11-14 1 year 5 months---17 months
Sdfcu loan 6-9-2014 1 year 8 months---20 months

103 months total
7 accounts
Aaoa--- 14.75 months

[satasat360]

---

@Anonymous wrote:
I am curious about these two lines:

765 1.1 1.9 0.2 0 0 3 N
748 1.3 4.1 0.3 0 0 1 N 2% Util

The lower 748 score has longer AAoA, much longer oldest account, older newest account, and fewer inquiries. With 2% utilization that isn't holding back the score.

So what could be making it 17 points lower than the first line at 765?

I will be in that range in two months, when my AAoA reaches a year.

Could it be number of accounts? Something else?

---

i'm the one who had 748 score, I have 13 accounts (11 cc's , 1 AU CC and 1 Auto loan). When i had 748 score 6 accounts are reporting balance (2% util) and none of them > 10% of the CL and the auto loan is at 96% Util. I believe the auto loan util is what holding my scores. I never had a derog in my credit file. Btw the score is Discover TU-08, which is my highest score and my EX-08 is 730 and EQ-08 is 731 as per chase and citi respectively.