Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 1,816
Registered: ‎08-24-2013
0

Closed Fingerhut and lost Age

Credit Karma shows me losing 1 month's(age) and a couple of points because I closed my Fingerhut account(opened on 1/13). I thought the account stays on there for 10yrs which won't affect your AAoA? 

Valued Contributor
Posts: 1,422
Registered: ‎01-12-2014
0

Re: Closed Fingerhut and lost Age

CK only uses age of open accounts. that is why these FAKO scores are usually so far off.

If anyone needs me I will be In The Garden. Goal Score: 760 for all in 2015.
Current FICO Scores EX: 715 EQ: 756 TU: 762
Last APP April 21, 2015.
Victim of The great AMEX HP heist of Dec 1st, 2nd and 3rd of 2014.
Valued Contributor
Posts: 1,816
Registered: ‎08-24-2013
0

Re: Closed Fingerhut and lost Age


TheGardner wrote:

CK only uses age of open accounts. that is why these FAKO scores are usually so far off.


Credit.com says I have an AAoA of 2yrs 4 months. CK says I have one of 6 months. Which one do creditors see and go by?

Established Member
Posts: 146
Registered: ‎02-20-2014
0

Re: Closed Fingerhut and lost Age

Whatever lender you apply with will determine your actual AAOA. I mean, you can determine your actual AAOA as well! But creditkarma and other FAKO sites are not 100% accurate, and actually sometimes are very inacurate so its probably best if you calculate it yourself to see the actual number. I dont have a subscription through myfico but im sure their products offer an AAOA?

Whats In My Wallet? A Whole Lotta' Awesomeness!
Mega Contributor
Posts: 17,147
Registered: ‎08-08-2011
0

Re: Closed Fingerhut and lost Age

Credit Karma only figures in open accounts. Your actual AA of acounts figure open and closed accounts. 


IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $10k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Valued Contributor
Posts: 1,422
Registered: ‎01-12-2014
0

Re: Closed Fingerhut and lost Age

2.4 is likely more accurate. But I do believe fico rounds down to 2 yrs.
If anyone needs me I will be In The Garden. Goal Score: 760 for all in 2015.
Current FICO Scores EX: 715 EQ: 756 TU: 762
Last APP April 21, 2015.
Victim of The great AMEX HP heist of Dec 1st, 2nd and 3rd of 2014.
Community Leader
Senior Contributor
Posts: 30,826
Registered: ‎02-07-2013
0

Re: Closed Fingerhut and lost Age

+1 to all that stated CK only factors open accounts and does not count closed accounts into AAoA

Correct 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Valued Contributor
Posts: 1,816
Registered: ‎08-24-2013
0

Re: Closed Fingerhut and lost Age


TheGardner wrote:
2.4 is likely more accurate. But I do believe fico rounds down to 2 yrs.

All this time I thought the creditors saw only a few short months since I've gotten denials and approvals(ie these factors affected your score) saying "insufficient credit history", "length of time since account opening" or "too many accounts in a small time" etc. That's why I thought CK was more accurate as far as AAoA went. I knew their scores were FAKOs and not to pay too much attention to them. 

 

I've had both student loans and one Cap1 credit card in 2001 that were all closed and paid as agreed. I didn't open any new credit accounts until Jan 2013. I figured my past loans/revolving credit weren't being factored in as far as AAoA goes...although they still showed up when I pulled my credit reports. 

Mega Contributor
Posts: 17,147
Registered: ‎08-08-2011
0

Re: Closed Fingerhut and lost Age


JSS3 wrote:

TheGardner wrote:
2.4 is likely more accurate. But I do believe fico rounds down to 2 yrs.

All this time I thought the creditors saw only a few short months since I've gotten denials and approvals(ie these factors affected your score) saying "insufficient credit history", "length of time since account opening" or "too many accounts in a small time" etc. That's why I thought CK was more accurate as far as AAoA went. I knew their scores were FAKOs and not to pay too much attention to them. 

 

I've had both student loans and one Cap1 credit card in 2001 that were all closed and paid as agreed. I didn't open any new credit accounts until Jan 2013. I figured my past loans/revolving credit weren't being factored in as far as AAoA goes...although they still showed up when I pulled my credit reports. 


Some if not most credit cards may put more or all their weight on figuring extending credit to open accounts only. AAA of figuring closed accounts usually go back 10 years at most.


IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $10k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Established Member
Posts: 146
Registered: ‎02-20-2014
0

Re: Closed Fingerhut and lost Age

Also, I have read multiple threads on this forum that even though trade lines are supposed to stay on your report for a certain amount of years, that many people have had the CC fall of years before it was supposed to which dropped their AAOA dramatically.. im not saying thats what happened to you.. Just sayin' in general! Smiley Happy

Whats In My Wallet? A Whole Lotta' Awesomeness!

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.