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AAoA question!?

Regular Contributor

Re: AAoA question!?

So, if I opened an account in June 2008 and paid if off/closed it in June 2010, would the age of that account be 4 years? Or just the 2 years the account was open?
Message 11 of 13
Valued Member

Re: AAoA question!?

The age of that account would be 4 years.  It starts from when it was opened and continues to increase until it falls off your record, which is ~10 years after the account was closed.  So that account when it drops off would have an age of ~14 years.

 



Starting Score: EQ 549 (5/2012) | TU 594 (7/2012)
Current Score: EQ 618 (9/2012 Lender Pull) | TU 648 (9/2012 Lender Pull) | EX 599 (9/4/2012 Lender Pull)
Goal Score: 700


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Message 12 of 13
Regular Contributor

Re: AAoA question!?


Revelate wrote:

CK only calculates based on open accounts, FICO does both open and closed accounts.  That's the source of your discrepancy though I didn't calculate it out by hand in your case.


THANKS! This is super helpful. I was wondering why my CK AAoA was so low.

 


 

Decode the algorithm, beat the system. Credit is a game.
Message 13 of 13