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Is the AAoA only on credit cards or on loans as well?

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pat0812
Regular Contributor

Is the AAoA only on credit cards or on loans as well?

is AAoA only for credit card accounts or if i apply for a loan, that is also considered as an account in the AAoA ?

FICO 8's EX 770 EQ 751 TU 771 (1/16/17)
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bettercreditguy1
Established Contributor

Re: Is the AAoA only on credit cards or on loans as well?

Installment and mortage loans will factor into your AAOA.

Updated scores 3/7/21 TU 849, EQ 829, Ex 818 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
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llecs
Moderator Emeritus

Re: Is the AAoA only on credit cards or on loans as well?

To add, AAoA is the average age of all of your OC accounts, whether opened or closed, good or bad. So it includes CCs and loans as mentioned, but also includes accounts like HELOCs, LOCs, and even charge-offs. AAoA does not include CAs or PRs.

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