topic Average Age of Accounts in General Credit Topics

Average Age of Accounts

Anonymous — Sun, 03 Aug 2008 20:04:29 GMT

I see a lot of posts about making sure that deleting a TL won't lower the average age of accounts. Where do you find out what your average age is? I have looked all over my CRs and cannot find this information. I looked on my reports that I got from myFico and also the reports that I got from each CRA. All I see is the length of credit history. Can someone please point me in the right direction. Any help would be greatly appreciated.

Re: Average Age of Accounts

fused — Sun, 03 Aug 2008 20:17:49 GMT

Look on page #2, Understanding Your Score, on your FICO reports (EQ and TU only)

Re: Average Age of Accounts

Anonymous — Sun, 03 Aug 2008 20:24:14 GMT

Message Edited by JewelryGirl on 08-03-2008 03:24 PM

Re: Average Age of Accounts

Anonymous — Sun, 03 Aug 2008 20:22:48 GMT

Thanks for your response Fused. This is what I have under Understanding Your FICO Score.

What's hurting:

1. 27 accounts 60 days late or worse

2. Public Records - 1

3. Collections - 8

4. Recent Missed Payment - 1 Month

5. Number of accounts with missed payments - 27

6. Most recent public record - 4 years 6 months

7. Most recent collection - 10 months

What's helping:

1. NOTHING (LOL........Well, not really but it is better to laugh than cry).

Re: Average Age of Accounts

llecs — Sun, 03 Aug 2008 22:46:26 GMT

It isn't on every report. YMMV. When we started to track DW's FICO reports, avg. age wasn't listed. However, when she added 6 new CC accts in a 2 mo. period of time, it was added in a hurry.

You can do it manually by using the open date listed on each account, open or closed, excluding CAs.

Re: Average Age of Accounts

Anonymous — Sun, 03 Aug 2008 23:45:53 GMT

Thanks. Looks like I will have to do it manually. Good thing I am good with math. Lol.