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Frequent Contributor
Posts: 309
Registered: ‎07-19-2010
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Your AAOA

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

Established Contributor
Posts: 789
Registered: ‎08-02-2008
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Re: Your AAOA

3 years, 4 months

FICO: EX: 752 (4/15); TU: 754 (3/15); EQ 732 (3/15)

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Holding off apps until the end of the year! Wish me luck!
Valued Contributor
Posts: 1,072
Registered: ‎04-24-2008
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Re: Your AAOA

AAoA is 5yrs.

Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010
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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.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
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Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
0

Re: Your AAOA

11 years.

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Regular Contributor
Posts: 165
Registered: ‎03-22-2009
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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
Posts: 207
Registered: ‎01-28-2009
0

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
Posts: 16,071
Registered: ‎07-14-2009
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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

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Contributor
Posts: 91
Registered: ‎06-26-2013
0

Re: Your AAOA

[ Edited ]

It appears it's less than 5 yrs, which is  a bummer because I purchased an auto new in 2005; and re-fied it in 2009, so instead of showing 8 years of AAoA; it shows account closed; and a new account opened.  I suppose lenders don't see that - that the account/loan has actually been opened for 8 years (same auto loan) - they only see a stat.


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Beginning FICO 630 ish EQ 732/EXP 735/TU 753 (Aug) Goal 800
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Your AAOA


TeeGee wrote:

It appears it's less than 5 yrs, which is  a bummer because I purchased an auto new in 2005; and re-fied it in 2009, so instead of showing 8 years of AAoA; it shows account closed; and a new account opened.  I suppose lenders don't see that - that the account/loan has actually been opened for 8 years (same auto loan) - they only see a stat.


Any OC account, open, closed, good or bad is factored into AAoA.

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