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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?
@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
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
@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
Thanks!
@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.
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?
@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.