"Time Since Most Recent Account Opening is Too Short"

[Anonymous]

Those that see or have seen this negative FICO reason statement, what was your AoYA?  At what point did this statement go away?

I have this statement from both TU FICO 8 and TU FICO 4 with an AoYA of 13 months.  While I did see a nice score improvement when my AoYA reached 12 months, it would seem that at least something is still being left on the table as evidenced by the continued presence of this statement.  I'm thinking it will likely go away at the 24 month mark, but would like to hear from anyone that may have personal experience regarding it.

[Imhotrodcrazy]

I still have this statement as of today, and my aoya is showing 3yrs 4 mos.  When it drops off my report is anyones guess.  Just for the record, my oldest acct is 12yrs, 8mos.

[Anonymous]

What do you mean exactly where you say your AoYA "is showing" 3 years 4 months? It sounds like that's a CMS telling you that? If so, is it accurate and have you indeed not opened an account in the last 3 years 4 months?

[Imhotrodcrazy]

Yes it is accurate,  3yrs, 4mos aoya, and my last app was feb 2015.  I am a very disciplined person when it comes to applying for loan products.

[Anonymous]

Gotcha, thanks for verifying that.  How many negative reason statements are you provided with on your profile and where does this one land in terms of top/bottom of that list?

I see your scores in your sig are from about 7 months ago.  Are they about the same today, or have they changed at all?

I find it interesting and surprising that 3+ years for AoYA would be imposing any sort of penalty on a score, but it must be at least 1 point if that statement is generated.  I guess that answers my question as to whether or not the statement would go away at the 2 year mark...

I guess the next question then is whether or not anyone with an AoYA of > 3 years 4 months has seen this negative reason statement.  It would be cool to know at exactly what point it becomes a non-factor.

[jamie123]

I'm thinking that Imhotrodcrazy's reason codes might be a bit skewed because his scores are close to 850. His reason codes probably don't mean too much because FICO has to find something wrong even if scores are close to 850.

I had the "Time Since Most Recent Account Opening is Too Short" code across my 3 reports when my reports were clean but I had 2 CCs that were less than 2 years old. Once those 2 CCs turned 2 years old that code disappeared for me.

Could it be that you change buckets if you have credit but not any new credit that is less than 2 years old?

[Anonymous]

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@jamie123

Could it be that you change buckets if you have credit but not any new credit that is less than 2 years old?

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Could be, as AoYA is a scorecard assignment factor on clean profiles.  Whether it matters at 12 months, 24 months, etc. is open for discussion I'm sure.

[Anonymous]

TT touched on this topic in the other current reason statement thread that I have going.  He stated that it was at 5 years that he saw the negative reason statement vanish related to the age of his most recent revolving account.

[Revelate]

Yeah, this reason code isn't a high level one so things can push it off the table including the length of revolving / installment history in my experience.

For me FICO 8 I got a bump and the reason code fell off at 1 year when I was sporting a clean file (or even a cleanish file, 30D late didn't exclude that reason code).

FICO 04 models, that reason code stayed past the 1 year mark.

Pretty much can't add anything else except to say this is another "you win!" reason code in my book.

[Anonymous]

I don't believe I've seen this myself even though my AAoA (according to CK, anyway) is 2 years 8 months. What's helping there is that I have a student loan (taken out way back in the 1980's and refinanced with Sallie Mae, now Navient, in 1994, so it counts from there and is currently at 24+ years) that I had a great deal of trouble with keeping up payments on for many years due to low income, so that I always had to get forbearances and ended up consolidating it into a mortgage in 2005 (yeah, I know, but this was LONG before I really educated myself on credit). The twist is that there was a screwup and about $5K-$6K of principal wasn't included in the consolidation, so once my BK was discharged in 12/2014 I still had that to pay. There were several lates before I was able to get a financial-hardship deferment (the most significant black mark on my credit profile after my BK), but once I got my current job (best income I've had in my life), I was able to start regular on-time payments again and have been keeping those up for 31 months now since 12/2015. So, that messed-up loan is actually ending up helping my credit profile these days, especially once the lates drop off for good in 3 1/2 years or so!