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Frequent Contributor
CreditJunkie917
Posts: 390
Registered: ‎01-08-2013

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($6K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($12.5K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($1.5K), VS($500), Cap1 Secure($200)
Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567
Current Scores(Feb 2014): FICO EQ: 701, TU: 698, EX: 685
In the Garden until July 2015



Community Leader
Valued Contributor
myjourney
Posts: 23,556
Registered: ‎02-07-2013

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

"Intelligence plus character--that is the goal of true education"
I will be gardening until a better offer/bonus comes along
Last escape 06/06/13 Bronze 7/6/2013 Silver 9/6/2013 Gold 12/6/2013 Palladium 3/6/14 made it
Frequent Contributor
CreditJunkie917
Posts: 390
Registered: ‎01-08-2013

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($6K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($12.5K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($1.5K), VS($500), Cap1 Secure($200)
Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567
Current Scores(Feb 2014): FICO EQ: 701, TU: 698, EX: 685
In the Garden until July 2015



Community Leader
Valued Contributor
myjourney
Posts: 23,556
Registered: ‎02-07-2013

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

 

"Intelligence plus character--that is the goal of true education"
I will be gardening until a better offer/bonus comes along
Last escape 06/06/13 Bronze 7/6/2013 Silver 9/6/2013 Gold 12/6/2013 Palladium 3/6/14 made it
Frequent Contributor
CreditJunkie917
Posts: 390
Registered: ‎01-08-2013

Re: AAoA Question

Thanks!

Amex Plat.(NPSL) Amex PRG(NPSL), Amex BCE($6K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($12.5K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($1.5K), VS($500), Cap1 Secure($200)
Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567
Current Scores(Feb 2014): FICO EQ: 701, TU: 698, EX: 685
In the Garden until July 2015



Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

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
CreditJunkie917
Posts: 390
Registered: ‎01-08-2013

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($6K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($12.5K), USAA Amex($7K), USAA World MC($7K), CSP($5K), Chase Marriott($5K), Care Credit($2.5K), Cap1 QS($1.5K), VS($500), Cap1 Secure($200)
Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567
Current Scores(Feb 2014): FICO EQ: 701, TU: 698, EX: 685
In the Garden until July 2015



Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

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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