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Senior Contributor
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Registered: ‎10-02-2012
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How does the AAoA work?

AAoA mean average age of accts right? How is that calculated? is it based from the FIRST credit card you opened? Why if you began your credit as a AU does you AAoA begin since you were added as an AU? 

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Established Contributor
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Registered: ‎09-25-2011
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Re: How does the AAoA work?


BearsAndTurtlesRtheBest wrote:

AAoA mean average age of accts right? How is that calculated? is it based from the FIRST credit card you opened? Why if you began your credit as a AU does you AAoA begin since you were added as an AU? 


takes all accounts age with or without au from the account opening date. just get a credit karma account it does it for you for free =P


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Established Contributor
Posts: 1,026
Registered: ‎02-27-2012
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Re: How does the AAoA work?

Credit karma does not do it correctly actually. They calculate based on open accounts. But FICO calculates it based on all accounts on your credit report including AU accounts
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Frequent Contributor
Posts: 496
Registered: ‎11-13-2012
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Re: How does the AAoA work?

Pretty sure CK is bad at that math. It says my AAoA is 1y 9m but that doesn't come close. It must leave something out of its calculations.

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Registered: ‎05-10-2012
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Re: How does the AAoA work?


SwiftTone wrote:
Credit karma does not do it correctly actually. They calculate based on open accounts. But FICO calculates it based on all accounts on your credit report including AU accounts

+1

 

I wish that site only did alerts for changes and showed you your profile, the rest is more hassle than it's worth.

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Senior Contributor
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Registered: ‎10-02-2012
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Re: How does the AAoA work?

Thats great! Now I know that the card I was just added as an AU will begin the AAoA clock:smileywink:

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