Understanding FICO® Scoring

[pozativelyliving]

How do I figure out my  AAoA? Is it something that is shown on my credit report or do I have to look over each account, figure out how long it's been open, come up with a total then devide that by the total # of accounts? 

Thanks!

[amercnchopz34]

there is total utlitzation ....amount owed divided by cl's x 100 thats for total...then u can do each card individually the same way

[OptimasPrime]

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pozativelyliving wrote:

How do I figure out my  AAoA? Is it something that is shown on my credit report or do I have to look over each account, figure out how long it's been open, come up with a total then devide that by the total # of accounts? 

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This is how to calculate. However, credit karma will calculate an aaoa for you which might save you some time. If you buy a score from myFico, I believe they'll tell you your aaoa as well.

If you pull a credit report directly from one of the three bureaus they will not give you your aaoa

[CreviceTool]

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OptimasPrime wrote:

However, credit karma will calculate an aaoa for you which might save you some time. If you buy a score from myFico, I believe they'll tell you your aaoa as well.

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CreditKarma lists an "Average Age of Open Credit Lines".  That's not the same as the FICO AAoA, which is based on ALL credit lines, not just the open ones.

[OptimasPrime]

Good point. Doing it manually is the most accurate method.

[gettnthere]

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CreviceTool wrote:

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OptimasPrime wrote:

However, credit karma will calculate an aaoa for you which might save you some time. If you buy a score from myFico, I believe they'll tell you your aaoa as well.

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CreditKarma lists an "Average Age of Open Credit Lines".  That's not the same as the FICO AAoA, which is based on ALL credit lines, not just the open ones.

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+1, credit karma isn't really accurate when it comes to calculating AAoA, it actually has mine off by more than an entire year.

[pozativelyliving]

Do CRAs go by the average of open credit lines or all credit lines? And if it's all credit lines, do they include accounts that were closed because they weren't being used and also accounts that were included in a BK?

If it's open accounts, that will be fairly easy to do.  If it's ALL accounts, that will be a project! 

[creditnocash]

yes it would be a project since accounts that were closed in good standing report for 10 years. 

as for aaoa i think my fico rounds because mine says one year but its less then that... 

[jamesdwi]

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CreviceTool wrote:

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OptimasPrime wrote:

However, credit karma will calculate an aaoa for you which might save you some time. If you buy a score from myFico, I believe they'll tell you your aaoa as well.

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CreditKarma lists an "Average Age of Open Credit Lines".  That's not the same as the FICO AAoA, which is based on ALL credit lines, not just the open ones.

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Oh good I like the number that EQ credit report shows...  its 16 months higher that CK.   1 year vs  2 years and 4 months... big win. 

[Wolf3]

Equifax CR shows AAoA.    The others do not.

It is calculated on all accounts (open and closed).