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How much my aaoa of 5.5yrs will change if i open a new account today ?

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astritaho1979
Frequent Contributor
‎01-22-2013 06:58 AM
‎01-22-2013 06:58 AM

How much my aaoa of 5.5yrs will change if i open a new account today ?

A quick question.How much  my aaoa of 5.5yrs will change if i open a new account today


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
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ryanbush
Valued Contributor
‎01-22-2013 07:00 AM
‎01-22-2013 07:00 AM

Re: How much my aaoa of 5.5yrs will change if i open a new account today ?

that all depends on how many accounts you have on your report currently... do you know your total number of accounts?

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
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astritaho1979
Frequent Contributor
‎01-22-2013 07:04 AM
‎01-22-2013 07:04 AM

Re: How much my aaoa of 5.5yrs will change if i open a new account today ?

Toal credit accounts 56.Only 15 are open


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
Message 3 of 5
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OhioCPA
Frequent Contributor
‎01-22-2013 07:19 AM
‎01-22-2013 07:19 AM

Re: How much my aaoa of 5.5yrs will change if i open a new account today ?

Assuming you have 56 accounts that are figured into your AAoA, a new account won't change it. AAoA is rounded down to the whole year, so you are currently at 5. Adding an account will lower the average to 5.4, which is also rounded to 5 

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astritaho1979
Frequent Contributor
‎01-22-2013 07:29 AM
‎01-22-2013 07:29 AM

Re: How much my aaoa of 5.5yrs will change if i open a new account today ?

@OhioCPA wrote:

Assuming you have 56 accounts that are figured into your AAoA, a new account won't change it. AAoA is rounded down to the whole year, so you are currently at 5. Adding an account will lower the average to 5.4, which is also rounded to 5 

thanks for the advice OhioCPA


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
Message 5 of 5
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