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Posts: 396
Registered: ‎02-06-2009
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Question about AAoA

Up until last month, I only had revolving credit card accounts on my CR.

Now I have a new auto loan (2013 Prius... 50 mpg! Heart)

 

My questions:

1. Are auto loans included in AAoA for FICO scoring purposes?

2. Are closed credit cards included in AAoA for FICO scoring purposes?

3. How does CreditKarma treat auto loans and closed credit cards in AAoA calculations?

 

Thanks in advance.



01/13/2016 - EX 790 (American Express EX FICO® Score 8, range 300-850)
01/20/2016 - TU 803 (Discover TU FICO® Score 8, range 300-850)
12/29/2015 - EQ 796 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
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Posts: 13,356
Registered: ‎12-30-2011
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Re: Question about AAoA


brother7 wrote:

Up until last month, I only had revolving credit card accounts on my CR.

Now I have a new auto loan (2013 Prius... 50 mpg! Heart)

 

My questions:

1. Are auto loans included in AAoA for FICO scoring purposes?

2. Are closed credit cards included in AAoA for FICO scoring purposes?

3. How does CreditKarma treat auto loans and closed credit cards in AAoA calculations?

 

Thanks in advance.


1) Yes, all tradelines.
2) Yes, closed accounts are factored into FICO's AAoA calculation.

3) Auto loans not sure, I could go calculate it but frankly I'm lazy right now.  Closed accounts of any sort aren't factored into CK's AAoA, that number, along with their scores, are to be assiduously ignored.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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