topic Re: Why such a difference in average age of accounts? in Understanding FICO® Scoring

Why such a difference in average age of accounts?

lolabelle — Wed, 20 Mar 2013 18:00:14 GMT

Just for kicks, I set up a CreditKarma account. I'm sort of ignoring my score there, but the weird thing is that it has my AAoA as 3 years, 1 month, which is over 3.5 years less than I've seen reported anywhere else (including here). It also says my oldest account is ~7 years when, others report it as 17 years. Weird. Does anyone know why this would be?

Re: Why such a difference in average age of accounts?

BungalowMo — Wed, 20 Mar 2013 19:15:33 GMT

Credit Karma uses your Trans Union report exclusively. Is there an acct that is on your Equifax or Experian that does not report to TU? That could be the difference. Not all cards & loans report to all 3. Most do, but you will find some that do not.

Re: Why such a difference in average age of accounts?

Gunnar419 — Wed, 20 Mar 2013 19:23:47 GMT

@lolabelle wrote:
Just for kicks, I set up a CreditKarma account. I'm sort of ignoring my score there, but the weird thing is that it has my AAoA as 3 years, 1 month, which is over 3.5 years less than I've seen reported anywhere else (including here). It also says my oldest account is ~7 years when, others report it as 17 years. Weird. Does anyone know why this would be?

Credit Karma doesn't count closed accounts in its AAoA calculations. That could be part of it. It should still be seeing the age of your oldest account correctly, though, as long as TU has the correct info and as long as the account is still open.

CK has been a little glitchy lately as it transitions to a new site design and weekly, rather than daily, updates. This wouldn't be the first oddball thing people have reported from CK in the last few weeks.

Re: Why such a difference in average age of accounts?

MidnightVoice — Wed, 20 Mar 2013 20:52:23 GMT

@Gunnar419 wrote:
Credit Karma doesn't count closed accounts in its AAoA calculations. That could be part of it.

That is what I found

Re: Why such a difference in average age of accounts?

L0RDAVENTAD0R — Thu, 21 Mar 2013 02:57:03 GMT

@BungalowMo wrote:
Credit Karma uses your Trans Union report exclusively. Is there an acct that is on your Equifax or Experian that does not report to TU? That could be the difference. Not all cards & loans report to all 3. Most do, but you will find some that do not.

What this guy said.