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ArCpa
Posts: 103
Registered: ‎05-17-2009
0

AAOA Question

My aaoa is 6.4 yrs for all 3 bureaus. I just added another Amex card and it was backdated , so I gained 11 yrs. When it updates , what would my new aaoa be.

 

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TU ( MFICO 5/11/14) 812
EQ ( MFICO 5/11/14) 790
EX ( MFICO 5/11/14) 805

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KennyRS
Posts: 4,955
Registered: ‎01-15-2009
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Re: AAOA Question

I don't believe that would be possible for anyone to tell you that answer. You'd have to list all of your account's ages in order to get that figure.
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Current Score:EX08:782(9/08) - EQ04:763(8/29) - EQ08:783(9/10) - TU08:799(9/05)
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DaveSignal
Posts: 2,096
Registered: ‎07-29-2011
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Re: AAOA Question

+1.  But, juding by the number of credit cards in your signature and adding a few installment accounts, auto loans, etc, I am guessing you have at least 30+ accounts on your credit report.... in which case your AAoA has not changed at all by FICO standards... it is still 6 years.

EX:694 TU:744 EQ:709
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sexy_kitten7
Posts: 184
Registered: ‎03-14-2014
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Re: AAOA Question


KennyRS wrote:
I don't believe that would be possible for anyone to tell you that answer. You'd have to list all of your account's ages in order to get that figure.

To get technical, since it's an average, you would just need the number of accounts including the new one, x.

AAoA = (6.4*(x-1)+11)/x

If x = 31, then AAoA = 6.55


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yudeology101
Posts: 4,649
Registered: ‎06-21-2012
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Re: AAOA Question


ArCpa wrote:

My aaoa is 6.4 yrs for all 3 bureaus. I just added another Amex card and it was backdated , so I gained 11 yrs. When it updates , what would my new aaoa be.

 


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DaveSignal
Posts: 2,096
Registered: ‎07-29-2011
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Re: AAOA Question

FICO rounds AAoA down to the nearest whole number.  OP was at 6 years previously.  If OP previously had less than 7 accounts on his credit report, AAoA would now have increased to 7 years.  But that is probably not the case.

 

As mentioned above in my first reply, if all of the included signature credit lines are valid, AAoA would remain at 6 years.  It would also remain at 6 years if the account had not received backdating at all.

People make much too big a deal about Amex backdating.  Its a small perk.

 

The number of accounts and their ages are needed to be absolutely sure.  OP, where did the 6.4 years come from?

 

 

EX:694 TU:744 EQ:709
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k

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