Is 5 Years an AAoA Threshold?

[atarvuzdar]

I'll be coming up on 5 years AAoA in a couple of months (April) and am wondering if 5 years is a threshold where I should see a possible bump in scores? I've found threads speaking about 4 yrs and 6 yrs as thresholds but I'm hoping I don't have to wait until 6 years to see a bump due to AAoA. Thx in advance!

[Revelate]

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@atarvuzdar wrote:

I'll be coming up on 5 years AAoA in a couple of months (April) and am wondering if 5 years is a threshold where I should see a possible bump in scores? I've found threads speaking about 4 yrs and 6 yrs as thresholds but I'm hoping I don't have to wait until 6 years to see a bump due to AAoA. Thx in advance!

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Maybe; we don't have fantastic data around AAOA; my best so far was I pretty conclusively showed at least for my profile (and I think AAOA is the same for everyone) that there was one at 2 years, and not one at 3 years (I went over, spreed back below, then went over again and tracked scores zealously with fixed balances and the rest of the full monty during that time), but I can't really do that with the 4 year mark that's coming up nor with others.

We didn't really have a great understanding of the new accounts penalty either at that time: doesn't appear to exist on my old dirty scorecard and as such it was a decent test case, now though it's a lot harder and there's still some question if new accounts season at anything less than a year when we're talking FICO 8.  Further test cases are going to be analyzed a lot more stringently when trying to definitively nail down AAOA thresholds I suspect... and I just have too many accounts now and reporting timelines are too varied for my own file to be worth a **bleep** for it.

Lot of conjecture, not much definitive, so I think a qualified "maybe" you will get some points.

[Anonymous]

I don't recall seeing any points gain on my file when I crossed 6 years AAoA or 7 years AAoA.  Never anything significant anyway.  Perhaps there was a 1-3 point gain, but I normally don't put much thought into 1-3 point fluctuations, as anything really could be the cause.  I would think a threshold crossing would be quite obvious though, one that I'd probably quantify with 5-10 points, but who knows for sure.

[atarvuzdar]

Thanks guys, I appreciate the comments.

[Thomas_Thumb]

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@atarvuzdar wrote:

Thanks guys, I appreciate the comments.

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I suspect 5 years AAoA has some significance. Please report back with data.

Hopefully you can stabilize your other scoring factors to isolate AAoA.

[arkane]

Looking back at my TU 8 history, I can safely say that 5 years AAoA has no significance if you only have one card.

[atarvuzdar]

Thanks all. My oldest account (student loan) will age to 14 years at the same time my AAoA reaches 5 years. There will be no other changes that I anticipate. I'll report back whether anything changes and we can debate AoOA 14 year threshold vs. AAoA 5 year threshold being the root cause if there is any change.

[Anonymous]

Or, if no change, you are able to rule out a threshold for both AAoA and AoOA at the same time.

[atarvuzdar]

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@Anonymous wrote:

Or, if no change, you are able to rule out a threshold for both AAoA and AoOA at the same time.

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Touche!

[Anonymous]

For the sake of your scores, though, I'm rooting for you to determine that one or both is in fact a threshold