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Frequent Contributor
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Registered: ‎01-08-2013
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AAoA Question

My 3 oldest accts are my student loans. They happen to be in default(but being rehabbed). Doesn't it matter if they are currently derogatory, or does FICO and the other monitoring services only count closed accts and accts in good standing?

Amex Plat.(NPSL) Amex PRG(NPSL), Amex BCE($18K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(April 3, 2015): FICO EQ: 741, TU: 703, EX: 711 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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Registered: ‎02-07-2013
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Re: AAoA Question


CreditJunkie917 wrote:

My 3 oldest accts are my student loans. They happen to be in default(but being rehabbed). Doesn't it matter if they are currently derogatory, or does FICO and the other monitoring services only count closed accts and accts in good standing?


All accounts are counted closed,open any on your CR no matter stauts i.e. derog or good standing

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Re: AAoA Question

ok, that makes sense. with that being said, my file says my oldest acct is 8.1 yrs old and avg age is 3.6 yrs

Amex Plat.(NPSL) Amex PRG(NPSL), Amex BCE($18K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(April 3, 2015): FICO EQ: 741, TU: 703, EX: 711 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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Posts: 27,605
Registered: ‎02-07-2013
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Re: AAoA Question


CreditJunkie917 wrote:

ok, that makes sense. with that being said, my file says my oldest acct is 8.1 yrs old and avg age is 3.6 yrs


Every time you open a new TL is when the avg changes 3.6 is not bad at all

 

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Frequent Contributor
Posts: 403
Registered: ‎01-08-2013
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Re: AAoA Question

Thanks!

Amex Plat.(NPSL) Amex PRG(NPSL), Amex BCE($18K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(April 3, 2015): FICO EQ: 741, TU: 703, EX: 711 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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Registered: ‎01-17-2008
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Re: AAoA Question


myjourney wrote:

CreditJunkie917 wrote:

My 3 oldest accts are my student loans. They happen to be in default(but being rehabbed). Doesn't it matter if they are currently derogatory, or does FICO and the other monitoring services only count closed accts and accts in good standing?


All accounts are counted closed,open any on your CR no matter stauts i.e. derog or good standing


Except CA and PRs.

Frequent Contributor
Posts: 403
Registered: ‎01-08-2013
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Re: AAoA Question

OK, that makes sense. That's why I see the hit on my AAoA. Once those accts come out of collections and report current as paid as agreed, then is it safe to assume my AAoA will reset?

Amex Plat.(NPSL) Amex PRG(NPSL), Amex BCE($18K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(April 3, 2015): FICO EQ: 741, TU: 703, EX: 711 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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Re: AAoA Question


CreditJunkie917 wrote:

OK, that makes sense. That's why I see the hit on my AAoA. Once those accts come out of collections and report current as paid as agreed, then is it safe to assume my AAoA will reset?


If you have charge-offs reporting as a CO, and then report as a positive, AAoA will not change. If the COs hit 7 yrs and end up deleting instead of updating, then AAoA could then change.

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