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

[Anonymous]

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

[ryanbush]

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

[Anonymous]

Toal credit accounts 56.Only 15 are open

[OhioCPA]

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 

[Anonymous]

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@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 

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thanks for the advice OhioCPA