cancel
Showing results for 
Search instead for 
Did you mean: 

Your AAOA

tag
Roarmeister
Frequent Contributor

Re: Your AAOA

Well there's the one I calculated from my entire credit history and then there is Equifax's version which calculates only the current accounts and the closed ones from the past 6 years.  The difference is phenomenal - 10 years to be exact!  Equifax's is the one the my score is calculated on, mine is... well... just for my own reckoning.  Smiley Happy 

 

I did some checking on another website and the graphs that a user posted suggests that there is a diminishing boost to your score on the 1st, 2nd and 5th years of your AAoA and perhaps even a very slight boost at the 10th year.  [I can't post the website, graph or user because apparently that site has been banned from MyFico.]  If that is the case I should see a slight score bump (1-2 pts) when my AAofA from Equifax reaches the 5th year later in October.

Starting Score: EQ 732 October 2007; Current Score: EQ 839; TU 865, July 2022;
Oldest Reporting EQ Account: 20.4 years; EQ AAoA: 9.9 years;
ACTUAL Oldest account 40.1 years; ACTUAL AAoA 19.3 years.





Message 11 of 14
TeeGee
Contributor

Re: Your AAOA

You could be absolutely right, because I just got a score bump of 1 point to 675 - it would EXACTLY co-incide with the date of my original auto loan.


Amex $6K BankofAmer $2K CapPlatinum $2.5K Macys $1K Chase RR $16K CapQS $2.5K Discover $8.5K IN THE GARDEN til 6/1/2015
Beginning FICO 630 ish EQ 732/EXP 735/TU 753 (Aug) Goal 800
Message 12 of 14
eddie84
Valued Contributor

Re: Your AAOA

Let see.. my oldest account is from 1999 so that's 15 years.

Message 13 of 14
Roarmeister
Frequent Contributor

Re: Your AAOA

Just to be clear -- it is when your AAoA hits the 1, 2, 5, 10, 15 year milestones that you MAY see a increase in your credit score -- not the age of a single debt or of your oldest debt.

 

Starting Score: EQ 732 October 2007; Current Score: EQ 839; TU 865, July 2022;
Oldest Reporting EQ Account: 20.4 years; EQ AAoA: 9.9 years;
ACTUAL Oldest account 40.1 years; ACTUAL AAoA 19.3 years.





Message 14 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.