AAoA?

[stagefoursurvivor]

Ideally, when the dust has settled in a couple of months, I hope to be in the 720-750s and be approved for the low APR CCs with 5 figure CLs, 800 appears possible but, unlikely.

CCs are only being used based on $$ currently in hand to pay immediately and maintain utilization <5% while shuffling through all the accounts.

[takeshi74]

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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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Keep in mind that AAoA is an average (hence the first A in AAoA).  Having 2 out of your 24 accounts raising it from 6.3 to 8.12 is a big deal -- especially since you have 7 new cards (5 if that number includes the AmEx cards) dragging your AAoA down.

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@stagefoursurvivor wrote:

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

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Is the score from CCMP as well?

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@Involver wrote:

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

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You can also use Excel and its date formulas.

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@Rhino71 wrote:

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

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Don't overlook the stickies.  This is is linked in the Helpful Threads sticky in this subforum:

http://ficoforums.myfico.com/fico/board/message?board.id=Welcome&thread.id=23

[stagefoursurvivor]

Yes, the 23 point increase is from CCMP. I know, it's a FAKO, to be taken with a grain of salt