Whats considered a thick file?

[djc1puno]

Fellas,

Since im still new to all this, what is considered as having a thick file? Obviously people who has thick files are better in absorbing certain negative criterias, ie inqs. Thanks in advance!

[GatorGuy]

It is all relative. For instance, I have 24 accounts however the majority of them could be old and would absorb a number of new accounts with ease. Or the majority could be new which means new accounts would have a larger effect. Or some combination. I just had a recent spree where I added 5 new TL's and my AAoA went from 4.5 to 3.5.

[09Lexie]

IMO, 6+ years

[youngandcreditwrthy]

+1

[GatorGuy]

---

@09Lexie wrote:
IMO, 6+ years

---

However, if you only have 2 accounts and an AAoA of 6 years, it would be devasted even by adding one account.

[09Lexie]

Yes, that's true. The key is keeping your apps down ( or add backdate Amex cards). Also, keeping a few more than 2 TLs on your report.

[Repo-ed]

giggidy

[LS2982]

---

@09Lexie wrote:
Yes, that's true. The key is keeping your apps down ( or add backdate Amex cards).

---

2015 will be an AMEX spree!

[djc1puno]

Now are you guys just talking about cc aaoa's? Ive had students appear back in 97 and a few cards after that in early 2000 but have since been closed as paid...still appearing un my crs. Now my oldest open cc is a little over 3 years...but my aaoa on ck is 10 months but other free sites such as credit.com it takes my history as a whole when showing aaoa. Just a bit confused...heh

[longtimelurker]

---

@GatorGuy wrote:

---

@09Lexie wrote:
IMO, 6+ years

---

However, if you only have 2 accounts and an AAoA of 6 years, it would be devasted even by adding one account.

---

So maybe just consider the total years.   Say we choose 60.  So that could be 5 accounts of 12 years, adding one reduces the AAoA to 10 years, still ok.   12 accounts of 5 years, adding one has a fairly small impact.  And even if we somehow had one account of 60 years, even though adding one causes a massive reduction to 30 years, 30 is still OK.