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3 years ago
Thu Feb 10, 2022 9:05 pm
Cassie
DeveloperLoves long talks on the beach
Cassie has been gardening for over 2 years.
For VS3 only, a new credit file with a single revolving credit card account opened on July 31, 2021 will not age to 6 months on the 1st of January 2022 as it would with FICO scoring.
VS3 will consider that account to be 6 months old on February 1st - a month later than FICO scoring.
There are Vantage Score point gains from aging alone at 3 months and 6 months after establishing a new credit file. (For new visitors: Everything on a file can stay exactly the same - as is the case here - and scores will go up merely for reaching an aging threshold. There are several of these on FICO scoring models as well.)
+19 pts on a new credit file that just reached 6 months in age.
CK TU updates have been slow for many lately, so it's not in sync with the EQ score here.
(Also note that TU (VS3 705) has a single Hard Pull inquiry on file whereas EQ does not. A single inquiry on a new credit file costs 15 points and is the sole difference between these 2 different bureau credit files!)
Same exact balance reporting as the prior month.
4% aggregate AND individual utilization, since there is only 1 account on file.
Click images to enlarge them.
TCL: $64,000 ACL: $16,000
- Tagline Loves long talks on the beach
- Score data EQ8:790 TU8:790 EX8:795
- Classic 8 Scorecard CLEAN/THICK/MATURE/NO-NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/MATURE/NO-NEW-ACCOUNT
- AoOA 6y9m
- AoORA 5y9m
- Date of Last Inquiry and/or New Account Opening February 14th, 2020