Posts: 17,419
Registered: ‎07-14-2009
Re: 11 month or 1 year, does it really make a difference?

mmmmmm wrote:

OhioCPA wrote:

mmmmmm wrote:

I heard FICO rounds down, so my AAoA would actually show 0, instead of the .9 years, is this true?


FICO does round down for AAoA with the minimum being one year.  Thus, your AAoA won't change for at least another year.

How is that possible?  You're saying that someone with a credit history of 1 month, and someone with a credit history of 1 year, 11 months would have the same score if we were basing it on AAoA alone?

It's built into the system that you can't (for scoring purposes) have an AAoA of less than one year. And since AAoA is rounded down then yes a history of one month and a history of one year, 11 months is scored the same.