topic Re: How old is your credit history? in General Credit Topics

How old is your credit history?

killer_queen229 — Sun, 19 Apr 2015 20:57:30 GMT

Mine is 2 years and 1 month old. 😄

Re: How old is your credit history?

Anonymous — Sun, 19 Apr 2015 20:58:55 GMT

4 years 1 month

Re: How old is your credit history?

EdMan63 — Sun, 19 Apr 2015 21:00:31 GMT

26 years 9 mos.

Re: How old is your credit history?

Anonymous — Sun, 19 Apr 2015 21:02:00 GMT

Average? Or oldest account?

Re: How old is your credit history?

killer_queen229 — Sun, 19 Apr 2015 21:04:50 GMT

When you got your first card (if someone has a bankruptcy in their history then they can list when their history began after that)

Re: How old is your credit history?

jamesdwi — Sun, 19 Apr 2015 21:07:09 GMT

6 years this month.

oldest card is a CapOne Platinum now a QS card with a 2.5k CL and 11.7% APR (apr same as the day I got it.)

Re: How old is your credit history?

cashnocredit — Sun, 19 Apr 2015 21:09:14 GMT

The CRAs generally state that my file was created in the 80's but my history is only just over 6 years old. No bks but I didn't use or have any credit for a decade or so all my good accounts fell off.

Re: How old is your credit history?

Anonymous — Sun, 19 Apr 2015 21:11:38 GMT

35 years, 3 months. Sort of. That's what it shows in my reports, but it's from a back dated Amex card. If I go all the way back, it's 40 years. Yes, I'm old.

Re: How old is your credit history?

14Fiesta — Sun, 19 Apr 2015 23:32:19 GMT

1 year and 4 months!

Re: How old is your credit history?

Anonymous — Sun, 19 Apr 2015 23:53:02 GMT

6 months tomorrow.

Re: How old is your credit history?

pipeguy — Mon, 20 Apr 2015 00:03:52 GMT

44 years but all those cards are discontinued and gone - current cards (AmEx and Macy's) 1978 or 37 years

Re: How old is your credit history?

CraigHwk — Mon, 20 Apr 2015 00:21:32 GMT

Out of current cards, the earliest one was opened in 2011. My AAoA is 4 years.

Re: How old is your credit history?

Anonymous — Mon, 20 Apr 2015 00:27:25 GMT

Not really!!! None of my cars or cc's when I first started out on on there. But my amex says "member since 1978". Might have you beat!

Re: How old is your credit history?

RobertEG — Mon, 20 Apr 2015 01:33:59 GMT

A major problem with scoriing of age of accounts, both avg age and oldest account, is that the CRAs have an arbitrary policy, for their own housekeeping purposes, of deleting accounts that have been closed for approx 10'ísh years. That recoups database space. However, it affects scoring of consumers when they do such housekeeping deletions.

Very old AAoA and single accounts are either still open, or if now closed, will cap out at age when closed plus approx 10 years.

You will thus lose an account that you closed after you had it for 3 years when it reaches approx 13 years total age.

It is the single best reason for not closing accounts, as it will then trigger the running of the 10year exclusion period.

Re: How old is your credit history?

Kirmie2010 — Mon, 20 Apr 2015 07:04:46 GMT

Almost 13 years. I dont know when those 2 cards (Chevron Gas card and CareCredit) will stop reporting but its going to hurt my AAoA alot (10 years inbetween any added cards)

Re: How old is your credit history?

Josh611 — Mon, 20 Apr 2015 15:27:03 GMT

15 Months

Re: How old is your credit history?

thom02099 — Mon, 20 Apr 2015 15:50:32 GMT

Credit history age = 40 years.

Current report shows oldest account as being 24+ years. Lots of stuff has fallen off my reports.

Re: How old is your credit history?

lg8302ch — Mon, 20 Apr 2015 15:58:46 GMT

28 years ..but now it comes 3 yrs 9 months AAoA ... added a ton of cards since late 2012

Re: How old is your credit history?

lg8302ch — Mon, 20 Apr 2015 16:03:03 GMT

@RobertEG wrote:
A major problem with scoriing of age of accounts, both avg age and oldest account, is that the CRAs have an arbitrary policy, for their own housekeeping purposes, of deleting accounts that have been closed for approx 10'ísh years. That recoups database space. However, it affects scoring of consumers when they do such housekeeping deletions.

Very old AAoA and single accounts are either still open, or if now closed, will cap out at age when closed plus approx 10 years.
You will thus lose an account that you closed after you had it for 3 years when it reaches approx 13 years total age.

It is the single best reason for not closing accounts, as it will then trigger the running of the 10year exclusion period.

Yep... my 28 yrs old BofA Travel Rewards card is my ace .....not sure where I would be without that card

Re: How old is your credit history?

Involver — Mon, 20 Apr 2015 22:23:56 GMT

21y 1m