Reply
New Contributor
Posts: 50
Registered: ‎03-08-2009
0

How does AAoa decrease?

I just recently got 3 new credit cards well 2 form Amex and one from Chase my AAoA is about 6 yrs about how much will that decrese?

Moderator
Posts: 22,406
Registered: ‎01-17-2008
0

Re: How does AAoa decrease?

AAoA decreases when new TLs are added.

 

You can get a rough estimate of before and afters by adding all OC TLs, good, bad, open, closed.  Start from date open through today, in months.  Divide by the number of TLs and convert to years.

Mega Contributor
Posts: 19,818
Registered: ‎03-19-2007
0

Re: How does AAoa decrease?

It can also decrease if the CRA decides to delete an old account, which they do for housekeeping purposes once an account has been closed for approx. 10 years, and is thus considered by them to no longer be of value to their customers.

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.

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.