topic Re: Question about account aging in Understanding FICO® Scoring

Question about account aging

Anonymous — Fri, 06 Jan 2012 16:37:37 GMT

I have a credit card that just turned 1 years old last month. It is being reported to my reports tomorrow or monday. Does that usually increase my score when a tradeline gets to be over 12mo old?

Re: Question about account aging

pizzadude — Fri, 06 Jan 2012 17:10:45 GMT

FICO scores your average age of accounts ( AAoA ), which is derived from all of the accounts ( open & closed ) showing on your report.

If adding a 1 year old account increases your AAoA then you might see a FICO score bump. But FICO also scores your revolving account utlilization, so if you %util increases then you may see a score decrease.

Re: Question about account aging

llecs — Fri, 06 Jan 2012 17:17:43 GMT

IME, I've seen as much as 10+ when my most recent TL turns 1 year old. This happens usually when I don't have anything newer reporting. ETA...any change would likely occur on the first because 2 of the 3 CRAs backdate to the first for each TL.

Re: Question about account aging

Anonymous — Fri, 06 Jan 2012 19:31:26 GMT

@llecs wrote:
IME, I've seen as much as 10+ when my most recent TL turns 1 year old. This happens usually when I don't have anything newer reporting. ETA...any change would likely occur on the first because 2 of the 3 CRAs backdate to the first for each TL.

When you say on the first, do you mean the first day of the month that the cc account was opened or the following month? Example: CC account opened on 1/11

Re: Question about account aging

RobertEG — Fri, 06 Jan 2012 21:21:24 GMT

My understanding is that under the category of new credit, which also includes inquiries less than one year, accounts opened in the last year also lead to some score ding.

So I would not be surprised to see some point increase.