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FICO AAoA based off open date or reporting date?

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NobodyImportant
Established Member

FICO AAoA based off open date or reporting date?

To clarify what I mean, here's an example:

  • Say you have only one account in your file (for simplicity).
  • That one account was opened 1/15/2014 but its due date was changed to the 1st of every month, and it reports within a few days of that every month.
  • Now it's August, so sometime this month the AAoA should be 7 months.
  • Does the AAoA become 7 months on 8/15/2014 (so it's based on the opening date), or a few days after the 1st when the creditor reports the OK payment status for the month of August?
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Revelate
Moderator Emeritus

Re: FICO AAoA based off open date or reporting date?

Open date, Amex backdating wouldn't work otherwise.

 

I believe it turns 7 months either first of month or first of next month, isn't done to the day from people's reports and my own experimentation, but I'm not 100% on that.




        
Message 2 of 3
Chaselover
Frequent Contributor

Re: FICO AAoA based off open date or reporting date?

I feel it should be the open date minus any reporting date. 

 

If its Aug 1st - 6 months bcoz the AAoA would become 7 only on Aug 15th

If its Sep 1st - 7 months

 


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
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