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How old is your credit history?

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pipeguy
Senior Contributor

Re: How old is your credit history?

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

Message 11 of 25
CraigHwk
Regular Contributor

Re: How old is your credit history?

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

USAA MC ✪ Amex BCP, SPG, Platinum ✪ Chase Sapphire Preferred, Freedom, Freedom Unlimited, Marriott Rewards, United Explorer ✪ Discover IT ✪ CapOne QS ✪ Fidelity Visa ✪ BarclaysPlatinum Rewards ✪ Citi Double Cash


Starting EX FICO (2010): 513 | Current FICO: EX 759, EQ: 773, TU: 761
Message 12 of 25
Anonymous
Not applicable

Re: How old is your credit history?

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!  Smiley Wink

Message 13 of 25
RobertEG
Legendary Contributor

Re: How old is your credit history?

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.

Message 14 of 25
Kirmie2010
Established Contributor

Re: How old is your credit history?

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 Smiley Happy (10 years inbetween any added cards)

Message 15 of 25
Josh611
Regular Contributor

Re: How old is your credit history?

15 Months

Current FICO Scores EQ 782,TU 755, EX 754

AMEX BCE $24k, Quicksilver $10k, Venture $13k, Sallie Mae Mastercard $8.3K Chase Freedom 5k, Discover IT $3.4k, Kohl's Charge $2.5k, Capital One Secured $801
Message 16 of 25
thom02099
Valued Contributor

Re: How old is your credit history?

Credit history age = 40 years. 

 

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

Message 17 of 25
lg8302ch
Senior Contributor

Re: How old is your credit history?

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

Message 18 of 25
lg8302ch
Senior Contributor

Re: How old is your credit history?


@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 Smiley Happy.....not sure where I would be without that card Smiley Embarassed

Message 19 of 25
Involver
Valued Contributor

Re: How old is your credit history?

21y 1m
Message 20 of 25
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