Contributor
pat0812
Posts: 93
Registered: ‎09-10-2012
Is the AAoA only on credit cards or on loans as well?

is AAoA only for credit card accounts or if i apply for a loan, that is also considered as an account in the AAoA ?


Starting Score: EQ 683 TU 714
Current Score: EQ 683 TU 714
Goal Score: EQ 740 TU 740


Take the FICO Fitness Challenge
Established Contributor
bettercreditguy1
Posts: 760
Registered: ‎02-11-2012
Re: Is the AAoA only on credit cards or on loans as well?

Installment and mortage loans will factor into your AAOA.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: Is the AAoA only on credit cards or on loans as well?

To add, AAoA is the average age of all of your OC accounts, whether opened or closed, good or bad. So it includes CCs and loans as mentioned, but also includes accounts like HELOCs, LOCs, and even charge-offs. AAoA does not include CAs or PRs.