topic Please chime in on AAOA in Credit Cards

Please chime in on AAOA

myjourney — Thu, 21 Feb 2013 22:29:36 GMT

I was always under the impression that AAOA meant:

AAoA is the sum of the ages of every account on your report, whether open or closed, divided by the number of accounts.

True or false?

Thanks All

Re: Please chime in on AAOA

Anonymous — Thu, 21 Feb 2013 22:39:05 GMT

I think we're running into some confusion between average age of accounts and average age of open accounts. Your math is correct however.

Re: Please chime in on AAOA

myjourney — Thu, 21 Feb 2013 22:41:34 GMT

@Anonymous wrote:
I think we're running into some confusion between average age of accounts and average age of open accounts. Your math is correct however.

Thank you I just want to make sure everyone understands