topic Re: Credit report in General Credit Topics

Credit report

Anonymous — Mon, 02 Feb 2015 04:44:49 GMT

So i finally got the AU situation resolved and now Sears/Citi bank is reporting to the CRA's .... I logged into credit karma today and Equifax has my oldest account open as 3 years 5 months and AAOA as 1 year 1 month. which is amazing, but can i trust this? also, Transunion does not have Sears.Citibank reporting yet. They still have my oldest account as 4 months ( this is why im still not able to purchase my fico scores and reports from myfico, as you are supposed to have 6 months first....) will transunion change and have the same information? thanks for your help!

Re: Credit report

gdale6 — Mon, 02 Feb 2015 05:12:33 GMT

@Anonymous wrote:
So i finally got the AU situation resolved and now Sears/Citi bank is reporting to the CRA's .... I logged into credit karma today and Equifax has my oldest account open as 3 years 5 months and AAOA as 1 year 1 month. which is amazing, but can i trust this? also, Transunion does not have Sears.Citibank reporting yet. They still have my oldest account as 4 months ( this is why im still not able to purchase my fico scores and reports from myfico, as you are supposed to have 6 months first....) will transunion change and have the same information? thanks for your help!

Forget CK for AAoA, they only take into account open accounts not closed. TU is always the straggler for me when it comes to getting new info posted, sometimes a full week after the other 2 have updated the info.

Re: Credit report

takeshi74 — Mon, 02 Feb 2015 13:39:17 GMT

@Anonymous wrote:
Equifax has my oldest account open as 3 years 5 months and AAOA as 1 year 1 month. which is amazing, but can i trust this?

Equifax isn't calculating your AAoA. The average is calculated by CK and, as indicated above, is acutally AAoOA since it only includes open accounts. The CK site itself indicates this as well:

Your age of credit history is calculated here by averaging the age of each of your open accounts.

AAoA includes both open and closed accounts on your reports. You can calculate AAoA yourself and compare. There are online calculators and Excel has date functions that can help with the math.

Re: Credit report

Anonymous — Mon, 02 Feb 2015 21:31:48 GMT

I dont have any closed accounts. As i said above, im new to credit.....

Re: Credit report

gdale6 — Mon, 02 Feb 2015 22:08:43 GMT

@Anonymous wrote:
I dont have any closed accounts. As i said above, im new to credit.....

Ok, then it would be your AAoA but just remember as you build credit history and you close accounts that it will not be correct. You need 6 months of history to generate a FIco so that would be why you cannot yet get them.

Re: Credit report

Anonymous — Tue, 03 Feb 2015 03:59:24 GMT

How long will it take for transition to catch up?

Re: Credit report

Anonymous — Tue, 03 Feb 2015 14:25:52 GMT

Sometimes it takes a month or two after you use the card for it to report to the CRAs. Sometimes AUs don't report at all. It really depends on the company.

Re: Credit report

EW800 — Tue, 03 Feb 2015 15:07:36 GMT

@gdale6 wrote:
TU is always the straggler for me when it comes to getting new info posted, sometimes a full week after the other 2 have updated the info.

I'm in the same boat with TU. They are nearly always the last to update - like you said, up to a full week or so.