05-18-2011 09:18 AM
Has someone before asked everyone their AAOA? Mine is 6 years, 7 months.
05-18-2011 09:27 AM
3 years, 4 months
05-18-2011 10:24 AM
AAoA is 5yrs.
05-18-2011 10:36 AM - edited 05-18-2011 10:39 AM
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.

05-18-2011 02:40 PM
11 years.
05-19-2011 06:32 PM
Mine keeps shrinking!!! ![]()
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)
05-24-2011 08:24 AM
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.
05-24-2011 08:30 AM
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
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

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