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Regular Contributor
FocusOnFICO
Posts: 180
Registered: ‎05-01-2009

Re: AAoA Calculation?

Thanks---that's great information.  I have two Amex accounts with 19+ years.....

Starting Score: TU 766 EQ 788
Current Score: TU 788 EQ 811
Goal Score: TU 800 EQ 800


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New Contributor
Dee2
Posts: 64
Registered: ‎03-15-2009

Re: AAoA Calculation?

Thanks again to all.  And thanks for the congrats on the new card. I think I was able to calculate the numbers correctly.  I was going off the actual AAoA off the last Equifax Report I pulled back in March.  According to my calculations my AAoA will come down by a few months, but it looks like it will still be a little over the 6 year mark.  More like 6 years and 3 months is what I came up with.

 

Now I'm sitting on pins and needles trying to figure out how much of a hit my Fico credit score will take.  My Fico score is 708.  I figure I will take a hit for the inquiry and once again when the cards is activated or starts reporting.  Not sure in what order.  I'm keeping my fingers and toes crossed and hoping that I will be able to hold my fico somewhere in the 690 range.

 

Thanks again all

~Dee

Established Contributor
VEEnVEGAS
Posts: 645
Registered: ‎10-24-2007

Re: AAoA Calculation?

Don't be surprised if your score goes up a bit. It often does when you add a new account with a large CL.

And even if it does go down temporarily, it will rise higher after 6 months or so.

Frequent Contributor
bigtim
Posts: 359
Registered: ‎06-06-2009

Re: AAoA Calculation?

I've taken my myFICO EQ report, taken my 13 accounts listed and used the Date Opened date to calculate the AAoA, and I get 5 yrs 4 mos. My report says AAoA = 4 years?

 

I've tried every which way, rounded down the months, etc. and still get the same. Any Ideas what I might be doing wrong?

 

Here's the actual "Date Opened" Dates from the report:

 

May-09 Feb-09 Feb-09 Feb-09 Jul-09 Mar-07 Apr-09 Oct-06 Sep-85 Sep-05 Mar-05 Sep-88 May-00
---------------------------------------------------------------
Recent Cards:
12/2012 - Discover (ICL 3,375 CLI to 5,375 05/2014)
12/2013 - Chase Freedom (ICL 3,500 ACLI to 4,500 07/2014)
03/2012 - Gander Mountain MC (WFNNB) 7,000 CL
04/2012 - Ace Rewards Visa (US Bank) 12,000 CL
Back to gardening for a year or two
Regular Contributor
FocusOnFICO
Posts: 180
Registered: ‎05-01-2009

Re: AAoA Calculation?

My calcuations net 5.13 years.

Starting Score: TU 766 EQ 788
Current Score: TU 788 EQ 811
Goal Score: TU 800 EQ 800


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Established Contributor
cobaltnv
Posts: 640
Registered: ‎09-02-2008

Re: AAoA Calculation?


bigtim wrote:

I've taken my myFICO EQ report, taken my 13 accounts listed and used the Date Opened date to calculate the AAoA, and I get 5 yrs 4 mos. My report says AAoA = 4 years?

 

I've tried every which way, rounded down the months, etc. and still get the same. Any Ideas what I might be doing wrong?

 

Here's the actual "Date Opened" Dates from the report:

 

May-09 Feb-09 Feb-09 Feb-09 Jul-09 Mar-07 Apr-09 Oct-06 Sep-85 Sep-05 Mar-05 Sep-88 May-00
Are any of these accounts listed as disputed or under review?   

 

TU 810: EQ 813: EX 814 (9/16/09--Loan officer pull)

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New Member
geepah25
Posts: 10
Registered: ‎02-04-2013

Re: AAoA Calculation?

you can get a true fico for 2.99 a month from M&T bank by opening up a checking account, min $5, and get your fico once a month...that is a bargain considering others, not mentioning name, charge $20!!!  Also try Cr. Karma, its free, no cc and is fako but pretty darn close and gives other scores, like vantage, insurance etc, all truely free! 

Senior Contributor
longtimelurker
Posts: 5,480
Registered: ‎04-22-2013

Re: AAoA Calculation?

Just FYI, the thread you ares responding to is nearly 4 years old.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
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Scores May 14: EQ 848, EX 833, TU 841 (Jul)

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