Reply
New Contributor
Posts: 74
Registered: ‎04-08-2012
0

Credit Card AAoA & Open Date

For example, if you opened a CC March 1, 2012, would March 2, 2013 be considered the date the account has been opened for a year?  Looking for FICO scoring pointers because I have a few accounts that were opened 3/1/2012 and 3/20/2012.  I have not seen an increase in FICO or FAKO scores as of yet.  

 

The only negative on ScoreWatch is the percentage of new accounts opened in the last year in relation to all open accounts, I think that was how it was worded.  I have 14 accounts but 9 opened in the last year.  I had hoped after a few accounts hit the 1 year mark I would see a increase or a change in some way.  Anyone ever noticed what it took to not have that negative indicator on ScoreWatch?  

 

Perhaps one month needs to be added to the one year mark for the account to change. Isn't EX inquiries that way 25 months?

 

Thanks..

Community Leader
Senior Contributor
Posts: 27,327
Registered: ‎02-07-2013
0

Re: Credit Card AAoA & Open Date

[ Edited ]

Can't speak for SW but every time you get a new card your AAOA will drop the only way to build it up is to garden for a while

EDIT...Example when i last apped my AAOA was 14 months got 2 cards dropped me down to 8 months AAOA

+ Chase ink =




Highlighted
New Contributor
Posts: 76
Registered: ‎01-15-2012
0

Re: Credit Card AAoA & Open Date

Your AAoA will be calculated by the date on the report from the CRA. I think I get what you are asking. The payment history reported in months is not what is used. It's the actual date.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.