AAoA?

[stagefoursurvivor]

Not sure how long it takes AmEx to report and the implications but, I will have approximately 24 accts reporting, mortgage, auto & 9-10 revolvers(7 new), faifly clean CRs with half dozen scattered lates. Current AAoA is 6.3, oldest 15 yrs.

Surprisingly, 2 new AmEx accts have an MSD of 1984, I'm honestly not sure how much of an impact this will have.

Any ideas from the experts?

[Involver]

There are online AAoA calculators that will allow you input account information so that you can calculate exactly what effect they will have.

[Anonymous]

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@stagefoursurvivor wrote:

Not sure how long it takes AmEx to report and the implications but, I will have approximately 24 accts reporting, mortgage, auto & 9-10 revolvers(7 new), faifly clean CRs with half dozen scattered lates. Current AAoA is 6.3, oldest 15 yrs.

Surprisingly, 2 new AmEx accts have an MSD of 1984, I'm honestly not sure how much of an impact this will have.

Any ideas from the experts?

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Your new AAoA will be 8.12

[stagefoursurvivor]

8.12? Hmmm, doesn't seem like much of a change at all Not sure why this is supposed to be such a big deal but, sure beats a sharp stick in the eye

[Anonymous]

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@stagefoursurvivor wrote:

8.12? Hmmm, doesn't seem like much of a change at all Not sure why this is supposed to be such a big deal but, sure beats a sharp stick in the eye

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It can be a big deal if you don't have a lot of accounts.  Doesn't change much for you because you already had 24 accounts.

[newhis]

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@stagefoursurvivor wrote:

8.12? Hmmm, doesn't seem like much of a change at all Not sure why this is supposed to be such a big deal but, sure beats a sharp stick in the eye

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Almost 30% increase doesn't seem like much? And if you add another Amex you'll be closer to 9.

[stagefoursurvivor]

Now have 2 AmEx revolvers and don't want to push my luck. 7 new CCs with CL >$12K. Will give everything time to post and see how the cards fall. Anyone know when AmEx reports?

Interestingly, CCMP shows my revolving CL has jumped $3K and my Eq in turn increased 23 pts but, shows no new accts???

[Anonymous]

Rebucketing probably.

[Rhino71]

really quick, what does AAoA means. I have read alot about it but i just don't know what it means.

[ojefferyo]

Average age of accounts