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New Member
bdontexoma
Posts: 5
Registered: ‎03-16-2014
0

Calculation of AAoA. HELP PLEASE!

[ Edited ]

Hello guys,

 

This is my first post on here, but I’ve been following for about 6 months now. Im trying to calculate my AAoA but im not sure if im doing it correctly and wanted to know if some of you more experienced guys could calculate it so that I know im doing it correctly.

Here is a list of all of my open accounts (11 total, including student loans, auto loan and credit cards):

All of which are in good standing and have never had a late payment. Some are deferred (student loans) until I graduate next year and some I’m already paying on.

 

(Month/YR)

#1 – 8/2009-8/2010 (student loan)

#2- 9/2010-4/2011 (student loan)

#3 – 10/2008-present (student loan)

#4- 9/2007-present (student loan)

#5- 4/2011-present (student loan)

#6- 8/2010-present (student loan)

#7- 1/2014-present (CC)

#8- 02/2013-present (CC)

#9- 03/2014-present (CC)

#10- 11/2013-present (CC- Authorized User)

#11- 5/2013-present (Auto loan)

 

Thanks for any help guys!!

 

Community Leader
Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010
0

Re: Calculation of AAoA. HELP PLEASE!

If you do a Google search on "aaoa calculator", you can find some useful tools.

 

The AAOA calculation process includes closed accounts on your report.

 

Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Calculation of AAoA. HELP PLEASE!


bdontexoma wrote:

 

(Month/YR)

#1 – 8/2009-8/2010 (student loan)

#2- 9/2010-4/2011 (student loan)

#3 – 10/2008-present (student loan)

#4- 9/2007-present (student loan)

#5- 4/2011-present (student loan)

#6- 8/2010-present (student loan)

#7- 1/2014-present (CC)

#8- 02/2013-present (CC)

#9- 03/2014-present (CC)

#10- 11/2013-present (CC- Authorized User)

#11- 5/2013-present (Auto loan)

 

Thanks for any help guys!!

 


As mentioned, AAoA includes ALL OC accounts, whether opened or closed, good or bad, charged-off, or not. AAoA excludes CAs and PRs. In other words, all of the TLs listed on your Accounts page within your FICO report are included. For FICO purposes, AAoA is rounded down to the nearest whole year.

 

Based on the above, assuming that is all of your opened and closed accounts, then you have:

 

#1 - 56 months old

#2 - 43 months

#3 - 66

#4 - 79

#5 - 37

#6 - 44

#7 - 3

#8 - 14

#9 - 1

#10 - 5

#11 - 11 months

 

56+43+66+79+37+44+3+14+1+5+11 = 656. 656/11 = 59.64. 59.64/12 = 4.96 years. Assuming that's all of the accounts you have and assuming my math is right, then AAoA is 4 years. On April 1, it'll turn 5 years.

 

 

New Member
bdontexoma
Posts: 5
Registered: ‎03-16-2014
0

Re: Calculation of AAoA. HELP PLEASE!

Thanks 5387,

 

I have no closed accounts, other than what is listed above.

New Member
bdontexoma
Posts: 5
Registered: ‎03-16-2014
0

Re: Calculation of AAoA. HELP PLEASE!

[ Edited ]

Thanks llecs,

 

I thought this was the way to do it. I re-ran your numbers and got a different AAoA...

 

56+43+66+79+37+44+3+14+1+5+11 = 359. 359/11 = 32.63  32.63/12 = 2.72 years. Assuming that's all of the accounts you have and assuming my math is right, then AAoA is 2 years. On April 1, it'll still be 2 years... lol

 

Thanks for sharing the formula! This is what I waslooking for.

Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Calculation of AAoA. HELP PLEASE!

I fat-fingered my iPhone...good catch.


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