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What's your average age of accounts?

Frequent Contributor

What's your average age of accounts?

I find it almost impossible to get above five years. My file is constantly changing. I have no control over the fact that Sallie Mae opens a new account for each semester student loan and I have no control over the fact that important things come up quite often especially when you own a home and have a growth family.

What your AAoA?

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13 REPLIES
Valued Contributor

Re: What's your average age of accounts?

Mine is only 3.1 years

*8/10/13
Valued Contributor

Re: What's your average age of accounts?

 Mine was over 6 years. Then I opened 3 new tradelines in the last 3 months so now it is less than 2 years. Oh well. That is by design. I figured the way to rebuild is to start a bunch of new tradelines and "garden" them well. I have no need for credit in the immediate to midterm .future so it is the perfect time to start tradelines. Once my oldest ages off in 2016 I will be left with what I started 3 months ago...

Established Contributor

Re: What's your average age of accounts?

8 yrs on eq.

10 yrs on tu.

 

EQ has purged most of my closed account before 10 years mark lowering the overall AAoA.


My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)
Frequent Contributor

Re: What's your average age of accounts?

Oldest account: 1.5 years with Wells Fargo College credit card
AAoA: 0.9 years
As of 1/10/2014 EX FICO - 748. EQ FICO - 728. Trans FICO - 755

WellsFargo - $3,000 AMEX BCE - $18,000 Chase Freedom - $4,000



Established Contributor

Re: What's your average age of accounts?

I had 6.5 yrs but I recently opened 2 new CC. Once they report, it'll be about 4.5 yrs.

2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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Frequent Contributor

Re: What's your average age of accounts?

Mine is 5 according to my fico. But missing two new accounts. I'd say 4.5 once these hit. Mine would ve a lot longer except 7 accounts I closed I didn't understand scoring. 4 autoloans. Ugh maybe they come off early!
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


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Established Contributor

Re: What's your average age of accounts?

My average is about 8-8.5 years. 2 new TL is about to hit, so I will be interested in seeing how much that drops.
EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Established Contributor

Re: What's your average age of accounts?

4 new cards within the past 6 months (2 within the past 1.5 months)

 

TU = 6 AAOA  11.9 Oldest

EQ = 9 AAOA  18.9 Oldest

EX = ?


TU713, EQ 731 , EX 726 (As of 12/13/14) - Personal Goal = 760

“Beware of little expenses. A small leak will sink a great ship” – Benjamin Franklin

Gardening since 3-26-15































Frequent Contributor

Re: What's your average age of accounts?

Did the CRAs compute the AAoA or did you from your own records?

 


Starting Score: 732 October 2007; Current Score: EQ 836; TU 806, November 2017; Oldest Reporting EQ Account: 15.8 years; EQ AAoA: 8.0 years; Typical credit utilization 1.8% typical single card utilization 10.6%