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Frequent Contributor
brother7
Posts: 376
Registered: ‎02-06-2009

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.


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
07/07/2014 Current - EQ 794 (Walmart Discover TU FICO 08 Classic)
GOAL - 800! - App free since 03/13/2014
Moderator
Revelate
Posts: 8,329
Registered: ‎12-30-2011

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 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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