Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
Re: AAOA...dumb question I know....lol

+1 add to the previous post

You add up everything device by number of account .

Then devide by 12 ( 12 month a year).....Final it's your  AAOA. Example

 

Cc1: open 11/2011 (11 month till Oct 2012) 

Cc2: open 10/2010 (24 month)

Card loan: open 1/2008 paid off 1/2012 (57month) drop off from your report on 1/2022.

so add (11+24+57) = 92 : 3 = 30.6666666

30.666666 : 12 = 2.55555555 (AAOA)

 

Also keep in mind positive account stay on your report on the last day of your closing day. Let said you had a loan on 2005 paid off in 2010 .....the account will drop from your account on 2020.......

Hope it help


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