topic Re: In 30 days approved for $ 43.500 in Credit Cards

In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 21:37:12 GMT

Ok now we all know i cant garden because iam afraid of garden . So i went and did what i normaly do after having 12 new accounts in the last 6 months.

12 hard inquiries and 12 new accounts from back in november did not stop this crazzy app spree apparantly scoring high

1 Citi Forward $ 9.000

2 Citi Hilon Honors Reserve $ 10.500

3 USAA American Express Card $ 12.000

4 USAA World MasterCard $ 12.000

All this inquiries were on Equifax.Poor Equifax is on fire from the apps.lol.

Re: In 30 days approved for $ 43.500

LS2982 — Sun, 24 Mar 2013 21:10:33 GMT

Time to freeze your files. Your killing your AAoA.

Congrats!

Re: In 30 days approved for $ 43.500

09Lexie — Sun, 24 Mar 2013 21:19:33 GMT

Preach LS! I said the same thing on another thread.

On the other hand, OP can keep app'ing until the declines start rolling in- that's a sur fire way to start gardening.

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 21:19:53 GMT

You aint lying LS but its necessary strategy and i know iam taking a hit on the AAOA

In light of what happen with all this extraordinary approvals and achiving whatever goals i had with Citi And USAA Amex,

I will head straight for the garden as of today.

LS your my witnes on this garden pledge on this day of March 23 rd 2013

For a period of 6 months

Re: In 30 days approved for $ 43.500

LS2982 — Sun, 24 Mar 2013 21:21:37 GMT

I would be worried about spooking my creditors with all of those new accounts.

Garden time!! 6 months!!! No slipping!!

Re: In 30 days approved for $ 43.500

09Lexie — Sun, 24 Mar 2013 21:22:34 GMT

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 21:26:28 GMT

True that Lexie

I had to complette this rebuilding process hard i might add

I have to do the gardening for the sake of the AAOA

I dont really know how much time the AAOA need to rebound for any new account added to the credit report

So if is 6 yrs now with the new account will be?

Re: In 30 days approved for $ 43.500

09Lexie — Sun, 24 Mar 2013 21:28:10 GMT

Are you asking what your current AAOA is?

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 21:35:07 GMT

Wow!! Congrats!!

The garden is especially nice in da spring

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 21:35:51 GMT

sorry no

I was saying if i have 6yrs of AAOA right now after the new accounts post in the credit report,how long will take for the AAOA to be restore to the previous 7 years of AAOA before the new account was opened?

Re: In 30 days approved for $ 43.500

09Lexie — Sun, 24 Mar 2013 21:43:06 GMT

Since AAOA, is an average of accounts (open and closed) the only ways to restore is to age them naturally or be added as an AU on someone's cc with a longer history.

Someone else can chime in if I'm incorrect.

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 21:50:35 GMT

so if someone add me as AU on a credit card with 8 yrs history would that bring back theaaoa from 6 yrs to 7yrs?

Re: In 30 days approved for $ 43.500

kevinjjc — Sun, 24 Mar 2013 21:55:41 GMT

Just curious and no offense intended, why do you use periods instead of commas when specifying your limits? For example, it's $43,500 not $43.500.

Re: In 30 days approved for $ 43.500

09Lexie — Sun, 24 Mar 2013 21:59:31 GMT

It's the average age of your accounts divided by the number of your accounts. Idk what your open dates are but if you want to calculate it out, here's a thread that may help you.

http://ficoforums.myfico.com/t5/Credit-Cards/AAoA-Calculation/m-p/501000#M160922

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 22:03:00 GMT

@09Lexie wrote:
It's the average age of your accounts divided by the number of your accounts. Idk what your open dates are but if you want to calculate it out, here's a thread that may help you.

http://ficoforums.myfico.com/t5/Credit-Cards/AAoA-Calculation/m-p/501000#M160922

Cool, Thanks Lexie

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 22:05:11 GMT

Its ok. I have been a little lazy lately about numbers so i got a little rusty on this but yea ur correct.

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 22:10:09 GMT

@09Lexie wrote:
It's the average age of your accounts divided by the number of your accounts. Idk what your open dates are but if you want to calculate it out, here's a thread that may help you.

http://ficoforums.myfico.com/t5/Credit-Cards/AAoA-Calculation/m-p/501000#M160922

Yes, it's the normal meaning of average (mean) using both opened and closed accounts (closed for as long as they are on your record). So for your specific example,

if you have 20 accounts with an AAoA of 6 years, being added to an account with 8 years: You will have a total of 20*6+8 years

=128 years, and 21 accounts, for an average age of 128/21 = 6.09 years You would have to be added to 20 accounts with 8 years, to get your new average as 7 years.

Or added to one account with 160 years of history, but that might be tough to find!

Now with rounding you might get this reported as 7 years anyway, but don't rely on it.

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 22:12:06 GMT

@kevinjjc wrote:
Just curious and no offense intended, why do you use periods instead of commas when specifying your limits? For example, it's $43,500 not $43.500.

Perhaps a non-US background. This is the correct usage in many places in Europe and South America, among others.

Re: In 30 days approved for $ 43.500

boomhower — Sun, 24 Mar 2013 22:21:13 GMT

Do all of the cards you have have features that you need versus the rest of them or are you apping just for the sake of more and/or larger credit lines? Not criticizing, just curious.

Re: In 30 days approved for $ 43.500

Anonymous — Sun, 24 Mar 2013 22:26:04 GMT

I have 63 credit accounts opened and closed

now the AAOA is on equifax at 6 years

From 63 i am planing to add 3 new accounts with 0 yrs old

The total accounts opened and closed will be 66

What is the total new AAOA?