First credit score at 6 months is 750

Justaguy wrote: ↑Fri Jul 29, 2022 1:01 am Vantage is different. I think I see on my Vantage-based CMSes that it calculates account ages based on the actual day-number on which the account was opened. E.g., an account opened on May 11, 2021 turns 6 months old on November 11, 2021. I can gather evidence for this if people care.

Cassie wrote: ↑Fri Jul 29, 2022 12:04 pm

Justaguy wrote: ↑Fri Jul 29, 2022 1:01 am Vantage is different. I think I see on my Vantage-based CMSes that it calculates account ages based on the actual day-number on which the account was opened. E.g., an account opened on May 11, 2021 turns 6 months old on November 11, 2021. I can gather evidence for this if people care.

Did you ever see Credit Karma update the age on the exact day? I've always seen it update on the 1st of the following month. With my Citi Visa card, opened on the 23rd, the expected score gains from a VS3 threshold like AoYOA (open accounts only) 3m or 6m didn't show up on the exact day or day after - only the 1st of the following month. The age of that account is always a month behind what FICO reports on the 3B.

Justaguy wrote: ↑Fri Jul 29, 2022 12:31 pm I’ll see if I can gather some data to back up or refute my sense of how it works. This seems pretty far off topic for this thread. Is there a better thread to use to discuss VS aging calcs?

BrutalBodyShots wrote: ↑Wed Jul 27, 2022 9:54 am

LaHossBoss wrote: ↑Wed Jul 27, 2022 2:33 am I see the score has been exactly the same across the entire time. I guess we have to consider other factors such as utilization and AWB? Perhaps being at 100% AWB is weighted more heavily when off a new account scorecard?

I have not noticed any difference on F8s with a [clean] No New Revolver verses New Revolver scorecard. My EX8 still seems completely bulletproof to AWB changes on a New Revolver scorecard as it has been for years. Going from AZEO to all AWB doesn't budge that score a single point. TU8 and EQ8 are of course still impacted by AWB changes, but I don't see the impact being any more or less between these two scorecards. The general variance I see between AZEO and all AWB with TU8 and EQ8 is around 11-15 points.

Justaguy wrote: ↑Wed Jul 27, 2022 11:22 am Great points, all. I’m always willing to ask stupid questions. What evidence do we have that AoYRA is a segmentation factor on TU8? What evidence do we have that 12m is the transition point between scorecards?

Tinkegrrl wrote: ↑Thu Jul 28, 2022 7:40 pm

Cassie wrote: ↑Tue Jul 26, 2022 1:31 pm I'm going with this draft hypothesis: People who only get 1 card in their first year of credit history aren't penalized for it in the TU FICO 8 score version on any characteristic related to new accounts alone. That may be different at EQ and EX, with their own customized versions of FICO 8. @Tinkegrrl : Did you see score gains at exactly 1 year and 0 months credit file age, that might have something to do with aging alone?

My score on EX in March, when I hit 1yr was bumped to 742 from 739 the previous month. April I hit 752, so if I got anything from my oldest account hitting one yr is was in April. My first card was opened the end of March 2021 though. Not sure this will be helpful for anyone as I signed up for cards Willy nilly throughout my first year.

Cassie wrote: ↑Thu Jul 28, 2022 10:17 pm

BrutalBodyShots wrote: ↑Thu Jul 28, 2022 8:35 pm This above could be further evidence about a midpoint of the month as Cassie has theorized (definitely with VS 3.0) could be a factor in determining the age of an account, and thus the point at which it would be considered 12 months old in the eyes of the Fico algorithm.

My first two bankcard accounts were opened on the 20th and 23rd of December 2018. In January 2019, my MF 3B showed them both at 1 month old. They aged to 1y0m on December 1st, 2019, according to Experian's CMS that has daily updates. On December 10, 2019, my MF 3B showed both of those accounts at 1y0m at all 3 bureaus. (Must have ticked over to 1y0m on December 1st across the board.) My AoOA was 2y0m when my AoORA was 1y0m. (AAoA 1y4m, AAoRA 1y0m) I saw EQ8 +4, TU8 +4, and EX8 +6, all with same reporting balances as the prior month. Maybe I lost some points with the addition of a second card, and then got them back with those gains? My friend obviously didn't lose anything with a single card.

Justaguy wrote: ↑Fri Jul 29, 2022 1:01 am

Cassie wrote: ↑Tue Jul 26, 2022 1:31 pm I'm going with this draft hypothesis: People who only get 1 card in their first year of credit history aren't penalized for it in the TU FICO 8 score version on any characteristic related to new accounts alone.

This theory sounds right to me. It would be redundant to ding a young file for having a single new account. They all do. They have to. By definition. The data set of newly scorable files with zero accounts — which you would need in order to determine how much additional risk is added by the additional of one new account — is empty. I don’t have any doubts about how FICO calculates account age. It’s on the first of the month. What, aside from Cassie’s friend’s unchanged score is causing y’all to question this? Vantage is different. I think I see on my Vantage-based CMSes that it calculates account ages based on the actual day-number on which the account was opened. E.g., an account opened on May 11, 2021 turns 6 months old on November 11, 2021. I can gather evidence for this if people care.

Justaguy wrote: ↑Fri Jul 29, 2022 12:31 pm

Cassie wrote: ↑Fri Jul 29, 2022 12:04 pm

Justaguy wrote: ↑Fri Jul 29, 2022 1:01 am Vantage is different. I think I see on my Vantage-based CMSes that it calculates account ages based on the actual day-number on which the account was opened. E.g., an account opened on May 11, 2021 turns 6 months old on November 11, 2021. I can gather evidence for this if people care.

Did you ever see Credit Karma update the age on the exact day? I've always seen it update on the 1st of the following month. With my Citi Visa card, opened on the 23rd, the expected score gains from a VS3 threshold like AoYOA (open accounts only) 3m or 6m didn't show up on the exact day or day after - only the 1st of the following month. The age of that account is always a month behind what FICO reports on the 3B.

It’s been months since I looked, but based on memory my answer is yes. Big caveat: I don’t base any of this on score changes. I don’t have any confidence I can often identify the source of changes in my VS3 score. So I’m putting all my faith in the applicable CMS — CreditKarma for TU and EQ, Credit Journey (via Chase) for EX. Like everyone, I have a bunch of other CMSes that give me a TU VS3 score and report (the ones used by Amex, Navy, US Bank and probably others that I haven’t even bothered to remember). So I could probably cross-check CK’s TU aging numbers there, but I’ve never actually tried it. I’ll see if I can gather some data to back up or refute my sense of how it works. This seems pretty far off topic for this thread. Is there a better thread to use to discuss VS aging calcs?

Justaguy wrote: ↑Thu Aug 25, 2022 9:20 am @Cassie: the August scores from BofA appeared today.

BrutalBodyShots wrote: ↑Sat Nov 19, 2022 8:18 pm Hey @Cassie , question for you. I'm trying to remember back to when you started your file... wasn't it with a loan and not a revolver? If so, do you recall what your first F8 (TU would be awesome) score was at 6 months? I'm just sort of trying to wrap my head around the difference between someone starting their file with a revolver relative to an installment loan and where their scores would debut at 6 months of age.