Credit Cards Center Credit cards from our partners
Reply
Blogger
Posts: 3,367
Registered: ‎10-19-2012
0

Re: What's your average age of accounts?

Established Contributor
Posts: 502
Registered: ‎04-17-2013
0

Re: What's your average age of accounts?

@ Roarmeister, I was able to see the AoAA by pulling my CR on MyFico. It breaks down all the info for you. You can also do it yourself by adding the months of your accounts and dividing it by the number of counts, then divide by 12 for the years. I did it this way myself and it was the same as MyFico. You can also do this when you add new accounts to see an estimate of what your new AoAA will look like. Give it a shot....


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

Take the myFICO Fitness Challenge
Frequent Contributor
Posts: 351
Registered: ‎04-21-2012
0

Re: What's your average age of accounts?

[ Edited ]

I computed mine from my own history.  It took a while but I sourced out all my trade lines over the last 30 years!  My numbers are wildly different from Equifax Canada (11 yrs longest and 4yrs 7 mths for AAoA) since they drop off off all closed accounts older than 6 years.  My Equifax AAoA and credit score dropped significantly because 2 closed tradelines dropped off in January a few months after I added 2 new tradelines. I figure I will get a little bounce up once Equifax says my AAoA hits 5 years.

 

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____25k________25k________20k________31k________25k___
Starting Score: 732 October 2007; Current Score: 800 EQ; TU 826, November 2016; Goal Score: 810 by end of 2016
Oldest Reporting Account: 14.8 years; EQ AAoA: 6.7 years; typical credit utilization 1.6% typical single card utilization 9.8%
Established Member
Posts: 38
Registered: ‎09-14-2012
0

Re: What's your average age of accounts?

My oldest account is 26 years, but my average age is only 6 years. This must be due to the student loan thing as well. They keep changing hands. My credit cards are all over 6 years. My 5 year car loan will be paid off this year and that is the last thing I applied for.
FICO 715 FAKO 739
Chase Freedom 14,500
Chase Slate 6,700
US Bank 14,500
Discover 15,000

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.