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Contributor
JSS3
Posts: 196
Registered: ‎08-24-2013

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? 

(2/13)Cap1(3,500), Cap1(1,250), Discover(3,000) Citi Divi(2,600), Chase Amazon Visa Sig(6,000) Vicky Secrets(750) Paypal Extras MC(5,000) MyPoints Visa(2,000) Walmart Discover(6,000)Bill Me Later(1,072.00)Citi TYP(4,500)Home Projects Visa(7,700)GECRB Amazon(2,000)(4/14)
(12-inq-EX-708) (13-inq-TU-663) (6-inq-EQ-657)
AAoA: 2yrs 3mos. No baddies. UTIL:30%
Frequent Contributor
TheGardner
Posts: 359
Registered: ‎01-12-2014

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: 720 for all in 2014.
TU - 701 ( Walmart 10 June 2014) EX - 686 ( Lender Pull 06 Mar 2014) EQ - 640 (DCU 27 June 2014) - Why does everyone pull EQ??
Wish List: USAA Rate Advantage MC, Citi Aadvantage, Penfed Promise Visa, AMEX ED
Last APP - April 7, 2014 NFCU Mortgage Loan Approval :smileyhappy:
Contributor
JSS3
Posts: 196
Registered: ‎08-24-2013

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?

(2/13)Cap1(3,500), Cap1(1,250), Discover(3,000) Citi Divi(2,600), Chase Amazon Visa Sig(6,000) Vicky Secrets(750) Paypal Extras MC(5,000) MyPoints Visa(2,000) Walmart Discover(6,000)Bill Me Later(1,072.00)Citi TYP(4,500)Home Projects Visa(7,700)GECRB Amazon(2,000)(4/14)
(12-inq-EX-708) (13-inq-TU-663) (6-inq-EQ-657)
AAoA: 2yrs 3mos. No baddies. UTIL:30%
Established Member
39Xelor
Posts: 135
Registered: ‎02-20-2014

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?

Merrill + - 7.5k | CSP - 6k | Chase Freedom - 4k | Citi Dividend - 3k | Walmart - 1k | JCPenney - 1,300 | CapOne Sony - 750 | Citi Shell - 200 | Express - 650 | CapOne Quicksilver - 2,250 | CapOne Rewards - 500 | TD Bank Cash Rewards - 1k

Started From The Bottom, Now I'm Here :smileyhappy:

Goal Cards: Merrill + - App'd and Approved! 7/11/14

Mega Contributor
coldnmn
Posts: 10,902
Registered: ‎08-08-2011

Re: Closed Fingerhut and lost Age

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

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank $10,000 / Sam's Mastercard $8000
/ Walmart Discover $8000 / Discover IT $5000 / Care Credit $5000
PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 10/25/13 /
Frequent Contributor
TheGardner
Posts: 359
Registered: ‎01-12-2014

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: 720 for all in 2014.
TU - 701 ( Walmart 10 June 2014) EX - 686 ( Lender Pull 06 Mar 2014) EQ - 640 (DCU 27 June 2014) - Why does everyone pull EQ??
Wish List: USAA Rate Advantage MC, Citi Aadvantage, Penfed Promise Visa, AMEX ED
Last APP - April 7, 2014 NFCU Mortgage Loan Approval :smileyhappy:
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Senior Contributor
myjourney
Posts: 25,246
Registered: ‎02-07-2013

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 

"Intelligence plus character--that is the goal of true education"
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http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
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Contributor
JSS3
Posts: 196
Registered: ‎08-24-2013

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. 

(2/13)Cap1(3,500), Cap1(1,250), Discover(3,000) Citi Divi(2,600), Chase Amazon Visa Sig(6,000) Vicky Secrets(750) Paypal Extras MC(5,000) MyPoints Visa(2,000) Walmart Discover(6,000)Bill Me Later(1,072.00)Citi TYP(4,500)Home Projects Visa(7,700)GECRB Amazon(2,000)(4/14)
(12-inq-EX-708) (13-inq-TU-663) (6-inq-EQ-657)
AAoA: 2yrs 3mos. No baddies. UTIL:30%
Mega Contributor
coldnmn
Posts: 10,902
Registered: ‎08-08-2011

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.

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank $10,000 / Sam's Mastercard $8000
/ Walmart Discover $8000 / Discover IT $5000 / Care Credit $5000
PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 10/25/13 /
Established Member
39Xelor
Posts: 135
Registered: ‎02-20-2014

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! :smileyhappy:

Merrill + - 7.5k | CSP - 6k | Chase Freedom - 4k | Citi Dividend - 3k | Walmart - 1k | JCPenney - 1,300 | CapOne Sony - 750 | Citi Shell - 200 | Express - 650 | CapOne Quicksilver - 2,250 | CapOne Rewards - 500 | TD Bank Cash Rewards - 1k

Started From The Bottom, Now I'm Here :smileyhappy:

Goal Cards: Merrill + - App'd and Approved! 7/11/14


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