cancel
Showing results for 
Search instead for 
Did you mean: 

AAOA

tag
tmoney
Regular Contributor

AAOA

           Is there any significant bump in score when aaoa changes from 5 to 6 years ?

Message 1 of 6
5 REPLIES 5
-NewGuy-
Moderator Emeritus

Re: AAOA

I don't know if one would change buckets when going from 5 years AAoA to six. If so, there may be a change, although not significant I wouldn't think.

 

If you have a major derogatory on your report, then certainly not significant.

Message 2 of 6
user5387
Valued Contributor

Re: AAOA

AAoA is in a scoring category with a 15% weight, and going from 5 to 6 years is not a big breakthrough, so I wouldn't expect much change.

 

The other angle is the one mentioned above -- sometimes certain changes cause you to be put in a different bucket.

 

Message 3 of 6
HiLine
Blogger

Re: AAOA


@tmoney wrote:

           Is there any significant bump in score when aaoa changes from 5 to 6 years ?


No. 

Message 4 of 6
Roarmeister
Frequent Contributor

Re: AAOA

Contrary to my learned collegues opinions -- I have seen evidence (not anecdotal) from another website that shall remain nameless.  A poster there had researched and tested the algorithms to see their outcomes.  Indeed, a user will get a decreasing increase to their scores as your AAoA grows.  What he found was there the algorithms (which are supposed to secret) produced score bumps at 6mth, 1 yr, 2 yr, 5 yr, 10yr and 15 yr. with the greatest effect upon reaching the first steps.  What kind of increase would you get at the 5 year anniversary -- probably only a few points.

 

No I won't post the link.The last time I did, the post was deleted because unknown to me the website apparently also promotes illegal ways of debt reduction.

 

Now for the anecdotal story - mine!  Equifax recently calculated my AAoA as 5 years. Since I check my score weekly, I can determine with reasonable accuracy what the reason was for the score change. I had one inquiry aged 2 years and so it dropped off at the same time as the aniversary.  The score change was 7 points.  You're mileage may vary but a score change of few points is not significant.

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 5 of 6
azguy13
Senior Contributor

Re: AAOA

I find that bumps from AAoA aging happens in small increments as the profile ages. No significant bumps at certain times. That is just what I have seen with my own report though. 

Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.