Backdating with AMEX

[MarineVietVet]

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@CS800 wrote:

3 cards at 4 years of age a piece = 12 years

If I apply for an AMEX in Jan 2012 and they backdate it to June 2001, that gives me about 11 years give or take

So my AAoA becomes : 4+4+4+11 divide by 4 = 23/4 = 5.75 years

BUT if i apply for two AMEX's at the same time and they both backdate to 2001, that adds another 11 years so my AAoA becomes

4+4+4+11+11 divide by 5 = 34/5 = 6.8 years

 So only time will help me increase my AAoA.

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Remember that AAoA is figured by using both open and closed accounts (except collections and PR's) from the time they were first opened till the present. Are you calculating both?

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[CS800]

So I closed my AMEX (that was in good standing in 2005; opened in 2001) is that still being counted in my AAoA?

Do 'cards closed by credit grantor' also counted towards AaoA?

I have 3 BoA credit cards oopned in 2003 but 2 of them closed by credit grantor and one at my request.

Marine, I'm dreaming the day my scores would become like yours. I mean an 835 EQ?? The world belongs to people like you

[Anonymous]

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@CS800 wrote:

So I closed my AMEX (that was in good standing in 2005; opened in 2001) is that still being counted in my AAoA?

It should still be on your report, so yes, it counts towards your AAoA.

Do 'cards closed by credit grantor' also counted towards AaoA?

Yes.

I have 3 BoA credit cards oopned in 2003 but 2 of them closed by credit grantor and one at my request.

 If they're still reporting, they count in your AAoA. Makes no difference if you closed them or they did.

Marine, I'm dreaming the day my scores would become like yours. I mean an 835 EQ?? The world belongs to people like you

Yes, I'm in awe!!!

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[MarineVietVet]

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@CS800 wrote:

So I closed my AMEX (that was in good standing in 2005; opened in 2001) is that still being counted in my AAoA?

Do 'cards closed by credit grantor' also counted towards AaoA?

I have 3 BoA credit cards oopned in 2003 but 2 of them closed by credit grantor and one at my request.

Marine, I'm dreaming the day my scores would become like yours. I mean an 835 EQ?? The world belongs to people like you

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Your AAoA is the sum of the ages of every account (except CA collections and public records) on your report, whether open or closed, calculated in months, divided by the number of accounts and then divided by 12. I use the division by 12 to make it easier to convert into years. This is measured from the time each account was opened until present. It doesn't matter why it was closed as long as it's still reporting

You’ll need to figure the age of each account, open or closed, on each report. If all three reports are identical (very unlikely), you're in luck; otherwise, you'll need to run this for each report.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[CS800]

Currently on EQ and TU, both saying my average age of my accounts is 4 years.

So here are the cards as follows :

AMEX - opened 2001 - closed 2005 -- 10 years

DCU Visa - opened 2003 - closed 2008 -- 8 years

BoA Plat - opened 2002 - closed 2006 -- 9 years

MBNA LL Bean - opened 2003 - closed 2007 -- 8 years

MBNA Aircraft Owners and Pilots - opened 2003 - closed 2007 -- 8 years

Cap one - opened 2008 - 4 years

Cap one - opened 2008 - 4 years

Best Buy MC - opened 2008 - 4 years

So total of cards closed plus open = 8

Sum (in years) of accounts = 55 years

So is my AAoA : 55/8 = 6.8 ??

None of the above were ever a collection. Those closed ones all had payment plans on them and paid off in full already.

The AMEX does not report on my TU but reports on my EQ and EX credit reports. So should my EQ AAoA be 6 years instead of 4 as it's being reported?

Should the American Express report on the TU also?

[llecs]

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@CS800 wrote:

Currently on EQ and TU, both saying my average age of my accounts is 4 years.

So here are the cards as follows :

AMEX - opened 2001 - closed 2005 -- 10 years

DCU Visa - opened 2003 - closed 2008 -- 8 years

BoA Plat - opened 2002 - closed 2006 -- 9 years

MBNA LL Bean - opened 2003 - closed 2007 -- 8 years

MBNA Aircraft Owners and Pilots - opened 2003 - closed 2007 -- 8 years

Cap one - opened 2008 - 4 years

Cap one - opened 2008 - 4 years

Best Buy MC - opened 2008 - 4 years

So total of cards closed plus open = 8

Sum (in years) of accounts = 55 years

So is my AAoA : 55/8 = 6.8 ??

None of the above were ever a collection. Those closed ones all had payment plans on them and paid off in full already.

The AMEX does not report on my TU but reports on my EQ and EX credit reports. So should my EQ AAoA be 6 years instead of 4 as it's being reported?

Should the American Express report on the TU also? 

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To clarify, your two recent EQ and TU FICO reports say 4 years?

Are all of these 8 TLs listed on the Accounts page of your FICO reports? And the open dates match?

If so, it should read 6 years (FICO rounds the AAoA down to the nearest whole number). And yes, AAoA includes ALL OC accounts, opened or closed, charged-off or current.

[CS800]

llecs:

Correction, I just checked my lates SW report, My Eq AAoA is 5 years and my TU's AAoA is 4 years.

On TU, apart from the AMEX, all the other cards reports with proper dates. Not sure why it doesnt show up on TU.

On EQ, all the cards show with proper opening dates.

[Anonymous]

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@llecs wrote:

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@CS800 wrote:

Currently on EQ and TU, both saying my average age of my accounts is 4 years.

So here are the cards as follows :

AMEX - opened 2001 - closed 2005 -- 10 years

DCU Visa - opened 2003 - closed 2008 -- 8 years

BoA Plat - opened 2002 - closed 2006 -- 9 years

MBNA LL Bean - opened 2003 - closed 2007 -- 8 years

MBNA Aircraft Owners and Pilots - opened 2003 - closed 2007 -- 8 years

Cap one - opened 2008 - 4 years

Cap one - opened 2008 - 4 years

Best Buy MC - opened 2008 - 4 years

So total of cards closed plus open = 8

Sum (in years) of accounts = 55 years

So is my AAoA : 55/8 = 6.8 ??

None of the above were ever a collection. Those closed ones all had payment plans on them and paid off in full already.

The AMEX does not report on my TU but reports on my EQ and EX credit reports. So should my EQ AAoA be 6 years instead of 4 as it's being reported?

Should the American Express report on the TU also? 

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To clarify, your two recent EQ and TU FICO reports say 4 years?

Are all of these 8 TLs listed on the Accounts page of your FICO reports? And the open dates match?

If so, it should read 6 years (FICO rounds the AAoA down to the nearest whole number). And yes, AAoA includes ALL OC accounts, opened or closed, charged-off or current.

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If you count the months rather than the years, it may look more like 4 years to FICO. It would be unlikely that your accounts have all been opened for exactly 10 years, 8 years, 4 years, etc.  It's probably more like 9 years 3 months, 7 years 5 months, 4 years 1 month, etc. FICO rounds down.

If you're feeling frisky, to get your exact number, make a spreadsheet, enter the activation date for each trade line, get total months divide total months by number of cards to get average total months convert it to years (or something like that - my abacus is in my other mansion). Will end up with something like 4.95 which FICO regards as 4 years. I have a spreadsheet kinda like this with formulas for all 32 open and closed accounts and it's a nightmare when you factor in the variations across the three CRA's.

Good times.

[kromix]

FicoFox,

So you are saying after you do the math and get the decimal number, FICO score rounds down to the nearest Year for point calculation purposes? ie: 6.76 Years = 6 Years?

[Anonymous]

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@kromix wrote:

FicoFox,

So you are saying after you do the math and get the decimal number, FICO score rounds down to the nearest Year for point calculation purposes? ie: 6.76 Years = 6 Years?

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Hi Kromix,

Yes, FICO rounds down. Note that some FAKO sites may not do that when showing you your AAoA so it can get kinda confusing. But if you have alot of different tradelines in your spreadsheet with many different activation dates, you can set up the Excel formulas so that each time you open the spreadsheet, the AAoA will automatically update based on the current date. That way, you won't have to manually adjust entries as time goes on.