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Frequent Contributor
Roarmeister
Posts: 332
Registered: ‎04-21-2012
0

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.  :smileyhappy: 

 

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.

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____$25k_______$20k_______$20k_______$25k_______$25k____
Starting Score: 676 Feb 2008; Current Score: 790 EQ; 824 CA, Nov. 2014; TU 814, Oct. 2014; Goal Score: 800 by end of year Oldest Account reported by EQ: 12 years; EQ AAoA: 5.6 years; EQ Credit Utilization: 2.4%
Contributor
TeeGee
Posts: 88
Registered: ‎06-26-2013
0

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
Established Contributor
eddie84
Posts: 600
Registered: ‎05-28-2013
0

Re: Your AAOA

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

9/21/14 EQ 704 | AmEx Platinum NPSL | Discover it $11k | BofA Travel Rewards Visa Sig $7k | Citi Platinum Select AAdvantage WMC $10k | Barclaycard Arrival+ WMC $9.7k | Jared/Kay $5.1k | Chase Sapphire Preferred $5k | BofA Cash Rewards Visa Sig $5k | DFS $5k | PayPal SC $5.6k | PayPal Credit $6.5k | Citi Diamond Preferred MC $4.7k | BofA Better Balance Rewards MC $7k | Chase Freedom Visa $4k | Zales $5k | US Bank Visa Platinum $3k | Bloomingdale's $3k | Amex Hilton HHonors $2k | Macy's $2.5k | Amex Delta SkyMiles $1k | Chase Amazon $800
Frequent Contributor
Roarmeister
Posts: 332
Registered: ‎04-21-2012
0

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.

 

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____$25k_______$20k_______$20k_______$25k_______$25k____
Starting Score: 676 Feb 2008; Current Score: 790 EQ; 824 CA, Nov. 2014; TU 814, Oct. 2014; Goal Score: 800 by end of year Oldest Account reported by EQ: 12 years; EQ AAoA: 5.6 years; EQ Credit Utilization: 2.4%

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