First credit score at 6 months is 750

BrutalBodyShots wrote: ↑Sun Nov 20, 2022 11:20 pm Refresh my memory, was the 750 F8 score referenced with 1 revolver at 6 months without a scoreable inquiry on that bureau (I'm assuming that's the case).

BrutalBodyShots wrote: ↑Mon Nov 21, 2022 10:53 pm After probing with some more questions I usually find that the individual doesn't yet possess a revolver; usually they have a student loan or something that's given them 6+ months of history. This just goes to show you how much more impactful a revolver really is in terms of profile strengthening.

Cassie wrote: ↑Tue Aug 30, 2022 5:15 pm My friend is getting a TON of mail from American Express and Discover now! lol Blue Cash Everyday and the It Cashback card. Same thing happened to me after I had my first 2 credit cards for exactly 1 year and 0 months. (For anyone in this position now: I recommend applying for the Discover card before the AMEX card, to get a better limit from Discover.)

BrutalBodyShots wrote: ↑Mon Nov 21, 2022 10:53 pm Yes, that's probably the case. Good stuff! I think a very common misconception of individuals with young files and scores in the 650-700 range or so is that their scores are that low because their files are young. I've seen this on reddit a lot and I often reference the fact that with a revolver you can debut with a 750 score after 6 months. After probing with some more questions I usually find that the individual doesn't yet possess a revolver; usually they have a student loan or something that's given them 6+ months of history. This just goes to show you how much more impactful a revolver really is in terms of profile strengthening.

Beefy wrote: ↑Thu Dec 29, 2022 7:35 pm To @Cassie theory if inquiries being a massive point loss, I believe that is only for the first one and at some point it just becomes a 1-3 point thing otherwise I would have been deep in the 600’s if not 500’s

Cassie wrote: ↑Fri Dec 30, 2022 1:38 am

Beefy wrote: ↑Thu Dec 29, 2022 7:35 pm To @Cassie theory if inquiries being a massive point loss, I believe that is only for the first one and at some point it just becomes a 1-3 point thing otherwise I would have been deep in the 600’s if not 500’s

Yes, I even noticed this when I got my Amex BCE followed by Discover It just hours later. First inquiry was -8pts, next was -3pts. My file was 2y2m old at that point, with my oldest revolver at 1y2m. But for my first 2 credit cards, the single inquiry loss across EQ/TU/EX was -20 at EX/EQ, -19 at TU! My file was 1y0m with a single SSL on it. Also, this thread documents the +21pt gain my friend had when the single inquiry at TU aged to 1 year. (Citi double-pulled EQ/EX and my credit union pulled TU. So a single inquiry on each.)

Beefy wrote: ↑Fri Dec 30, 2022 2:26 am I was referring to on a new profile at about 18 months some of my inquiries are not even a point loss but I think I am at or near the inquiry point loss cap my ex 27/24 inquiries with 5 scorable. (most are like I said from my auto loan last year).

Cassie wrote: ↑Tue Nov 22, 2022 7:53 am

BrutalBodyShots wrote: ↑Mon Nov 21, 2022 10:53 pm After probing with some more questions I usually find that the individual doesn't yet possess a revolver; usually they have a student loan or something that's given them 6+ months of history. This just goes to show you how much more impactful a revolver really is in terms of profile strengthening.

Every time I see someone's 'first score' that looks a bit low compared to what we now know, I wonder about auto/student loans and/or inquiries on their file. My credit file was only a month old when I tried to get a Target store card. (Yes, I know - clueless back then!) That single inquiry would cause my first F8 score to be around 20 points lower, and a second one could be even more on brand new files, or at least something above 10 points. Now think of an 18-20 year old going to a car dealership and ending up with a bunch of inquiries that haven't yet been consolidated to 1 (the time window) when they got their first credit score at 6 months.

Cassie wrote: ↑Thu Dec 29, 2022 5:58 pm 1 Year and 5 months (17m) in, with a single credit card on a brand new, clean credit file: TransUnion FICO 8 score is 778. And I have no idea why there is a +7 difference between this report and the one at 771. 1yr5mo is not an AAoA threshold. The only difference between the two reports is about $4 dollars in reported balance: 771 report: $64.59 of $1500 limit. ( 4.3% aggregate/individual utilization ) : 1y 2m age. 778 report: $60.04 of $1500 limit. ( 4.0% aggregate/individual utilization ): 1y 5m age. No scorable inquiry on either report. There is a 5% threshold on new, young files, which I documented quite well a number of times on my own file. But I also ran it right to the edge at 4.49% once and didn't trigger the already observed small loss of points at 5%. It wasn't 7 points either! It was always a difference of 3 or 4 points across EQ/TU/EX between 4% and 5%. one-card-1y5m-clean_file.png

Birdman wrote: ↑Wed Feb 15, 2023 10:42 pm OK, y’all ready for a new theory? I’ve been thinking long and hard about her not getting any points at one year scorecard reassignment. I’ve also long theorized as to what determines the magnitude of the point change that occurs. I think I’m on to something. As I’ve thought before, I think it has something to do with the number of revolvers/BCs. Since she doesn’t have the minimum, she didn’t even see a change? Thoughts?