Denial Question

[Eyisila]

In the process of fixing things on my credit.  Figured I would try for a loan to consolidate debt.  Reading through the forums and some online reviews, thought I would try.  Denied but only a SP from what I have seen.  Now the question I have is about the denial reason -

After very carefully reviewing your application, we are sorry to advise you that we cannot approve your loan request for the following reasons

1. Your credit score: 631 - on a good note...a lot higher than I thought
2. Scores range from 300 to 850 - Real FICO?

1. Serious delinquency, and public record or collection filed This I understand
2. Length of time revolving accounts have been established  - guess AAoA is to short?
3. Length of time since derogatory public record or collection is too short  - assume this means that there is a to recent collection?
4. Lack of recent installment loan information - This mean all I have are CC's and they would like to see a loan or something? This is what I am questioning.  Also, I just became a co-signer with my DH on an auto refi....would this count once it reports?

Thanks as always

[Skye12329]

1. Your credit score: 631 - on a good note...a lot higher than I thought  
2. Scores range from 300 to 850 - Real FICO? 

1. Serious delinquency, and public record or collection filed This I understand
2. Length of time revolving accounts have been established  - guess AAoA is to short? Yes your AAOA is too short, generally over 2 years is good
3. Length of time since derogatory public record or collection is too short  - assume this means that there is a to recent collection? Yeah you must have like a missed payment, or a collection and that has recently happened. 
   
4. Lack of recent installment loan information - This mean all I have are CC's and they would like to see a loan or something? This is what I am questioning.  Also, I just became a co-signer with my DH on an auto refi....would this count once it reports? I dont know for sure about co-singors reporting, i thought a co-signor is only affected when the person you signed for messes up. As for installments generally it means a loan, like payments on a loan. For a CC it would say revolving accounts.

Thanks as always

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[Eyisila]

Where/how can I find out my AAoA? 

Is it a formula?  Is it something that is expressly listed on a CR? 

Thanks for the response

[myjourney]

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@Eyisila wrote:

Where/how can I find out my AAoA? 

Is it a formula?  Is it something that is expressly listed on a CR? 

Thanks for the response

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http://seemly.com/aaoa-calculator/

[Eyisila]

I assume I need to put anything that is listed with a "Date Opened" information line.

Thanks for the link

HMMM, putting what I just asked, AAoA of 3 years

[Skye12329]

You can get your AAOA from creditkarma, dont trust that score. But the nice thing is it will tell you your AAOA, any new CC's and loans such as Student loans will affect your AAOA, but it can help it in the long run too. 

[Eyisila]

Thanks to you too Skye

[Eyisila]

CK age 8 months LOL, that's a pretty big difference

[myjourney]

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@Skye12329 wrote:

You can get your AAOA from creditkarma, dont trust that score. But the nice thing is it will tell you your AAOA, any new CC's and loans such as Student loans will affect your AAOA, but it can help it in the long run too. 

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Don't trust AAoA from CK 

It does not count closed accounts but it should so really that part is a FAKO too 

[from500to700]

What does recent dragotery means like less than a year , 2 or ?
Also when they say recent open account a year old or 2 or ?
Thanks for the expected help