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Found new info on how AAoA is scored.

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haulingthescoreup
Moderator Emerita

Re: Found new info on how AAoA is scored.


@Booner72 wrote:

Thanks MV and Beam!  I knew that my oldest account was this old 1997 student loan - that has been closed since 2001 and it still reports.  The news to me was that they calculate "revolving" accounts as part of their AAoA algorithm, vs ALL accounts together.  I just didn't know this.

 

Maybe this will lead to more clues on which TU score Walmart uses.  Maybe?

 

Anyway - Just working really hard to try to pin this thing down.  Have a great weekend you two.


They do both, if I confused anyone up there. Like a snippy co-worker criticizing your whole outfit, and then especially your shoes. Smiley Wink (Revolving being the shoes.)

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 11 of 14
llecs
Moderator Emeritus

Re: Found new info on how AAoA is scored.

Bemuddling here...

 

We all know they look at ALL OC accounts, good or bad (COs included), opened or closed, when considering AAoA.

 

Are we saying that in addition to the overall AAoA, there's a secondary AAoA for revolving only within the Classic models? If so, would there also be one for Installment TLs?

Message 12 of 14
haulingthescoreup
Moderator Emerita

Re: Found new info on how AAoA is scored.


@llecs wrote:

Bemuddling here...

 

We all know they look at ALL OC accounts, good or bad (COs included), opened or closed, when considering AAoA.

 

Are we saying that in addition to the overall AAoA, there's a secondary AAoA for revolving only within the Classic models? If so, would there also be one for Installment TLs?


I haven't seen one.

 

The bit about length of revolving history pops up on the Expanded "FICO High Achievers" characteristics list, but I don't recall one for length of installment. They have a couple for the silly-low balances on installment, but that's all I've ever seen.

 

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 13 of 14
Booner72
Senior Contributor

Re: Found new info on how AAoA is scored.


@llecs wrote:

Bemuddling here...

 

We all know they look at ALL OC accounts, good or bad (COs included), opened or closed, when considering AAoA.

 

Are we saying that in addition to the overall AAoA, there's a secondary AAoA for revolving only within the Classic models? If so, would there also be one for Installment TLs?


This is what I thought I found out when I read this.  If it's not the TU04 though, who knows, right?  Remember, it's a Walmart  Smiley Tongue

 

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 14 of 14
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