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Frequent Contributor
gangof4
Posts: 310
Registered: ‎07-19-2010

Your AAOA

Has someone before asked everyone their AAOA?  Mine is 6 years, 7 months.

Established Contributor
UFGuy2006
Posts: 597
Registered: ‎08-02-2008

Re: Your AAOA

3 years, 4 months

FICO: EX: 756 (5/13); TU: 776 (5/13)
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Established Contributor
tntexans72
Posts: 1,043
Registered: ‎04-24-2008

Re: Your AAOA

AAoA is 5yrs.

Moderator
tinuviel
Posts: 4,018
Registered: ‎11-02-2010

Re: Your AAOA

[ Edited ]

AAoA is 8 yrs.

 

ETA - This is after a fairly major rebuild, with several TLs added in the last year. On TU, my oldest account was opened: 23 Years, 11 Months ago; on EQ, 17 Years, 4 Months ago.



Starting Scores for 2013: EQ 723, TU 735, EX Credit Sesame 751
Current Scores: EQ 748, TU 741 (06/01/2013), EX 743 (06/13/2013)
Goal Score: 740+ FICO scores

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Super Contributor
marty56
Posts: 5,660
Registered: ‎10-06-2007

Re: Your AAOA

11 years.

06/15/2012 FICO: EQ: 798 TU:785
Regular Contributor
PhillyGuy215
Posts: 165
Registered: ‎03-22-2009

Re: Your AAOA

Mine keeps shrinking!!! :smileyvery-happy:

 

It was 7 years, then 6, then 5, then 4.5... and now there's a big split between my AAOA and AAOOA, which is 5 and 2.5.   

 

I got a lot of closed accounts that are old, which is keeping it at 5, but I have added a lot of new recent accounts in the last 3 years.

 

 

I know FICO only cares about AAOA but some of the FAKOs and internal lender scoring also look at or only consider AAOOA (Average Age Of Open Accounts)

EQ: 801!
I got one foot in the 800 Club, now I need the other two feet.
Regular Contributor
stoopidmunkee
Posts: 207
Registered: ‎01-28-2009

Re: Your AAOA

According to myfico, my oldest account was opended 6 year, 10 months ago.....but my Average Age of Accouns is 2 years.

 

It's sad that that's one of the main reasons I can't get credit cuz it's not old enough...and I don't really know how to fix it.

CITI - $3500 - CAP1 - $750 - RZMC - $600 - BOA - $600 - CAP2 -$500 - Credit Union $500

TU: 707 (From Wal-Mart's website) * Finally made the 700 club!!!!!!!*
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: Your AAOA


stoopidmunkee wrote:

According to myfico, my oldest account was opended 6 year, 10 months ago.....but my Average Age of Accouns is 2 years.

 

It's sad that that's one of the main reasons I can't get credit cuz it's not old enough...and I don't really know how to fix it.


One way (the slow way) is to not apply for any new credit and let all your accounts age. It's been 2 years since I've applied for any type of credit and almost 7 years since I got my last CC.

 

Another way is to be added as an AU but this will only help you IF the account is older than any of yours, IF the payment history is long and clean, IF the utilization is very low, and IF it will report to the CRA's. Not all cards will do this. You need to ask the company first. You will inherit the entire history of this account. One caveat however; if this account starts to go south your credit will be affected as well. Keep that in mind.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

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