topic Re: Average account age in General Credit Topics https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356614#M117581 I wish.&nbsp; LOL. Tue, 07 Oct 2008 16:24:21 GMT tatiana 2008-10-07T16:24:21Z Average account age https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356539#M117571 <P>Here is how you find out the average account age. Here is a&nbsp;table that will help you. Not having enough credit means is that the age of the account or accounst has not been opened long enough.</P><P>&nbsp;</P><P><STRONG><U>creditor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; type&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; date opened&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; account age</U></STRONG></P><P>visa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; revolving&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/1980&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 yrs&nbsp; 00 mths</P><P>american express&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; revolving&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/2007&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01 yr&nbsp;&nbsp; 05 mths</P><P>Toyota -car loan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; installment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07&nbsp;yrs&nbsp;&nbsp;00 mths</P><P>&nbsp;</P><P>average account age of all three accounts is 08 yrs 08 mths.</P><P>&nbsp;</P><P>If youwere to open a fourth account you would bring the average age down. By doing so would affect your fico score.</P><P>&nbsp;</P><P>If you already have two or three revolving accounst you do not need any more. Allow them to age and keep the utilization percentage below 9%.</P> Tue, 07 Oct 2008 15:02:33 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356539#M117571 CreditBob 2008-10-07T15:02:33Z Re: Average account age https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356562#M117573 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/15719">@CreditBob</a> wrote:<BR /><P>&nbsp;</P><P>&nbsp;</P><P><STRONG><U>creditor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; type&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; date opened&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; account age</U></STRONG></P><P>visa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; revolving&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/1980&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 yrs&nbsp; 00</P><HR /></BLOCKQUOTE><P>Ah - so we are back in 1998!!&nbsp;&nbsp; <img id="smileyvery-happy" class="emoticon emoticon-smileyvery-happy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-very-happy.gif" alt="Smiley Very Happy" title="Smiley Very Happy" /></P> Tue, 07 Oct 2008 15:16:52 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356562#M117573 MidnightVoice 2008-10-07T15:16:52Z Re: Average account age https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356614#M117581 I wish.&nbsp; LOL. Tue, 07 Oct 2008 16:24:21 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356614#M117581 tatiana 2008-10-07T16:24:21Z Re: Average account age https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356620#M117583 <BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/15719">@CreditBob</a> wrote:<BR /><P>Here is how you find out the average account age. Here is a&nbsp;table that will help you. Not having enough credit means is that the age of the account or accounst has not been opened long enough.</P><P>&nbsp;</P><P><STRONG><U>creditor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; type&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; date opened&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; account age</U></STRONG></P><P>visa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; revolving&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/1980&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 yrs&nbsp; 00 mths</P><P>american express&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; revolving&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/2007&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01 yr&nbsp;&nbsp; 05 mths</P><P>Toyota -car loan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; installment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07&nbsp;yrs&nbsp;&nbsp;00 mths</P><P>&nbsp;</P><P>average account age of all three accounts is 08 yrs 08 mths.</P><P>&nbsp;</P><P><STRONG>If youwere to open a fourth account you would bring the average age down. By doing so would affect your fico score.</STRONG></P><P>&nbsp;</P><P>If you already have two or three revolving accounst you do not need any more. Allow them to age and keep the utilization percentage below 9%.</P><HR /></BLOCKQUOTE><P>If 4th account is another AMEX, it is going to be backdated to the first AMEX account w/o any impact on FICO.</P> Tue, 07 Oct 2008 16:34:17 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Average-account-age/m-p/356620#M117583 wmarat 2008-10-07T16:34:17Z