topic Re: Aaoa fico scoring in Understanding FICO® Scoring

Aaoa fico scoring

Anonymous — Wed, 20 Mar 2013 17:17:51 GMT

Okay is my aaoa is 5.6 yrs and oldest is 14.7 years ( no longer open). Okay if I close a capital1 600cl with 3 years will it really affect my aaoa? My ob will become c1 I don't want to have 3 c1. Especially with moving into more prime cards.. And I'm still at a lost as my exp score 50 pts lower for no explainable reason is that it weigh late payments worse than the other two or is boa used a cc enhanced score. Still confusing because equifax actually has an old judgement. So confusing.

Re: Aaoa fico scoring

BungalowMo — Wed, 20 Mar 2013 19:20:44 GMT

"My ob will become c1"....what do you mean by that?

Even if you close the 1 Cap 1 acct, it will remain on your report & the acct will still be factored into your aaoa for at least 10 years. The one thing that will no longer be factored in, is the $600 will no longer be factored into your overall available credit. That # will drop by $600 when you close the card.

Re: Aaoa fico scoring

Anonymous — Wed, 20 Mar 2013 19:44:11 GMT

My orchard bank will become c1 which means ill have 3 capital one accounts which is too many. So aaoa is all accounts or just the open ones. Due to adding oh about 4 new accounts my aaoa is dropping significantly. But not too worried in another year it should be up again. Are installment auto loans in aaoa accounts?

Re: Aaoa fico scoring

llecs — Wed, 20 Mar 2013 20:12:44 GMT

AAoA (as seen by FICO) includes ALL OC accounts, whether opened or closed, good or bad, charged-off, not charged-off, paid, unpaid, duplicate, not duplicate, etc. Basically all accounts listed on your Accounts page are included in AAoA. AAoA excludes CAs and PRs.