Authorized user question

[Albert_E63]

Update Experian Shows the AU card but my AAoA hasn't changed, Im wondering if i gotta contact them to fix it or will it do it over time ?

[JohnnyGaddar]

@Albert_E63

Yes. CLI inquiry is hard pull. It is same as opening new account.

[Anonymous]

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@Albert_E63 wrote:

Update Experian Shows the AU card but my AAoA hasn't changed, Im wondering if i gotta contact them to fix it or will it do it over time ?

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I am guessing that "Update Experian" is some kind of credit monitoring tool (CMT).  CMTs typically have a front-end "summary" page that the developers of that CMT have created to summarize the info on your report.

The thing to remember is that the creators of that CMT are not the same people as the creators of the FICO algorithm.  Therefore what the CMT's front-end summary page says is not necessarily what the FICO algorithm sees.

In particular, CMTs vary according to whether their summary page counts AU accounts.  Some do and some don't.  But that has nothing to do with whether the back end FICO algorithm might be counting the AU account.

There are other examples. Suppose you have a total credit limit of $10,000 with all cards at zero except one (which shows a balance of $20).  Some CMTs will tell you that you have a 0% utilization.  FICO, however, rounds all percents up, and therefore FICO will see your utilization as 1%.  (Which will make a big difference to your score.)

PS.  I encourage you to get some free tools that will enable you to pull your full credit reports.  Credit Karma for example will let you see EQ and TU.  Look for the AU account and then look specifically for the date opened.  You are hoping to see the account on your reports with the old date opened.

[Albert_E63]

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@Anonymous wrote:

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@Albert_E63 wrote:

Update Experian Shows the AU card but my AAoA hasn't changed, Im wondering if i gotta contact them to fix it or will it do it over time ?

---

I am guessing that "Update Experian" is some kind of credit monitoring tool (CMT).  CMTs typically have a front-end "summary" page that the developers of that CMT have created to summarize the info on your report.

The thing to remember is that the creators of that CMT are not the same people as the creators of the FICO algorithm.  Therefore what the CMT's front-end summary page says is not necessarily what the FICO algorithm sees.

In particular, CMTs vary according to whether their summary page counts AU accounts.  Some do and some don't.  But that has nothing to do with whether the back end FICO algorithm might be counting the AU account.

There are other examples. Suppose you have a total credit limit of $10,000 with all cards at zero except one (which shows a balance of $20).  Some CMTs will tell you that you have a 0% utilization.  FICO, however, rounds all percents up, and therefore FICO will see your utilization as 1%.  (Which will make a big difference to your score.)

PS.  I encourage you to get some free tools that will enable you to pull your full credit reports.  Credit Karma for example will let you see EQ and TU.  Look for the AU account and then look specifically for the date opened.  You are hoping to see the account on your reports with the old date opened.

 this is from Experian website, This what it says and i just added a 7 year old account and CK is showing my oldest account is 7 years old but Ck also shows 635 and Fico 8 is 671

Credit History Length  Poor 

Average Age	6 mos
Oldest Account	1 yr 2 mos

[Anonymous]

It sounds like you are still using the front-end summary pages for the CMTs you mentioned (Karma and Update Experian).  What I suggested in contrast is to look at the full report.  (Karma gives you an option to see the full report for EQ and TU for example.)

The full report (as opposed to the CMT's summary) will include a listing of each account that you have with that bureau.  For example, if you have nine differemnt accounts (credit cards and loans, some open and some closed) then all nine will be listed individually.  Each individual account will have other info listed: balance, Date Opened, Closed or Open, etc.

Look on the report and see if you can find that AU account.   Then look to see whether the "Date Opened" reads as being seven years ago or so.  That is what you are hoping to see.

Ignore what all CMTs say about the age of your profile.  And ignore Karma's scores, which are not FICO scores.