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Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013

Aaoa fico scoring

Okay is my aaoa is 5.6 yrs and oldest is 14.7 years ( no longer open). Okay if I close a capital1 600cl with 3 years will it really affect my aaoa? My ob will become c1 I don't want to have 3 c1. Especially with moving into more prime cards.. And I'm still at a lost as my exp score 50 pts lower for no explainable reason is that it weigh late payments worse than the other two or is boa used a cc enhanced score. Still confusing because equifax actually has an old judgement. So confusing.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


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Senior Contributor
BungalowMo
Posts: 4,235
Registered: ‎05-01-2008

Re: Aaoa fico scoring

"My ob will become c1"....what do you mean by that? 

 

Even if you close the 1 Cap 1 acct, it will remain on your report & the acct will still be factored into your aaoa for at least 10 years.  The one thing that will no longer be factored in, is the $600 will no longer be factored into your overall available credit.  That # will drop by $600 when you close the card.



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013

Re: Aaoa fico scoring

My orchard bank will become c1 which means ill have 3 capital one accounts which is too many. So aaoa is all accounts or just the open ones. Due to adding oh about 4 new accounts my aaoa is dropping significantly. But not too worried in another year it should be up again. Are installment auto loans in aaoa accounts?
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


Take the myFICO Fitness Challenge
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Aaoa fico scoring

AAoA (as seen by FICO) includes ALL OC accounts, whether opened or closed, good or bad, charged-off, not charged-off, paid, unpaid, duplicate, not duplicate, etc. Basically all accounts listed on your Accounts page are included in AAoA. AAoA excludes CAs and PRs.


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