http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629522#M211099 <p>Does the true FICO score only go by the age of your open accounts or does it go by the age of all the accounts on your report?</p> Sun, 07 Oct 2012 03:38:13 GMT KeithW 2012-10-07T03:38:13Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1628548#M211016 <p>While I realize that Transrisk isn't FICO it does seem to rougly move up and down the same so I use it daily to track my progress with Credit Karma. Then I pull my FICO every few months and check it.</p><p> </p><p>I recently bought a new car and went from a 22% interest rate on our old car to a 5% rate on the new one. I also in the past seven months got two new credit cards.</p><p> </p><p>Doing these three things have hurt my Transrisk score somewhat. It seems the main reason is that it made my Average Age of OPEN Accounts too new. I have lots of really old accounts that are closed and those don't seem to matter since they only go by open accounts.</p><p> </p><p>They say that my credit utilization being 35% is pretty good and that my ontime payments being 99% isn't bad and that my AAOOA is kind of bad.</p><p> </p><p>I am fighting to get my score up by next Spring/Summer so we can get a construction loan and it surprises me that having a perfect payment history for over 3 years and a reasonably low utiliztion aren't helping me more. I am still in the low 600s.</p><p> </p><p>I tried having my wife add me to her Target card which is a 4 year old card, but after 2 months it hasn't shown up on my credit report, which isn't a surprise since all they asked for was my name and no other personal info.</p> Sat, 06 Oct 2012 15:14:07 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1628548#M211016 KeithW 2012-10-06T15:14:07Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1628840#M211037 <p>I would assume that the decrease in your car loan interest rate is indicative of the improvement of your CR.  Keep doing what you're doing!</p> Sat, 06 Oct 2012 19:43:31 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1628840#M211037 Shogun 2012-10-06T19:43:31Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629522#M211099 <p>Does the true FICO score only go by the age of your open accounts or does it go by the age of all the accounts on your report?</p> Sun, 07 Oct 2012 03:38:13 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629522#M211099 KeithW 2012-10-07T03:38:13Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629530#M211100 <p>Closed accounts count too.  Paid closed accounts in good standing will stay on your account for 10 years.</p> Sun, 07 Oct 2012 03:45:17 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629530#M211100 Shogun 2012-10-07T03:45:17Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629536#M211102 <p>i belive it counts all. </p><p>after 10 years or reporting closed the account falls off your reports. </p><p>and 7 years for baddies from dod. </p><p> </p><p> </p> Sun, 07 Oct 2012 03:56:25 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Average-Age-of-Open-Credit-Impact/m-p/1629536#M211102 creditnocash 2012-10-07T03:56:25Z