The secrets to AAoA revealed? hehe

[Fico2Go]

With my needless concerns the past several days that my newly opened acct would drop the AAoA I think got lucky and maybe even learned a new secret.

It appears each time my student loan switched servicing companies the event creates a new tradeline. When it switched three times it shows three tradelines with backdating to original date of student loan.

No wonder my AAoA hadnt budge with three new acct reporting.

Thank u. thank u.

What are some creative ways to have multiple tradelines from the same lender or creditor display on CRs??

[credit_challenged09]

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@Fico2Go wrote:
With my needless concerns the past several days that my newly opened acct would drop the AAoA I think got lucky and maybe even learned a new secret.

It appears each time my student loan switched servicing companies the event creates a new tradeline. When it switched three times it shows three tradelines with backdating to original date of student loan.

No wonder my AAoA hadnt budge with three new acct reporting.

Thank u. thank u.

What are some creative ways to have multiple tradelines from the same lender or creditor display on CRs??

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my rehab should be complete by march/april... i hope it backdates my loans to the original date.... keeping my fingers crossed....

[Rikku]

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@Fico2Go wrote:
With my needless concerns the past several days that my newly opened acct would drop the AAoA I think got lucky and maybe even learned a new secret.

It appears each time my student loan switched servicing companies the event creates a new tradeline. When it switched three times it shows three tradelines with backdating to original date of student loan.

No wonder my AAoA hadnt budge with three new acct reporting.

Thank u. thank u.

What are some creative ways to have multiple tradelines from the same lender or creditor display on CRs??

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It's true that SLs usually work that way when they are transferred to another servicer, but as far as I know, you have no control over when/if they are transferred. It sounds like the situation worked out to your advantage, but the idea of purposely trying to get multiple TLs to show up for one account seems pretty dishonest to me. 

[Fico2Go]

I don't think there's any dishonesty in play here.  You just need to find a way to make it honest.  You can use a knife  two ways.  Hurting others is just one way. 

When I was a loan officer I scanned through hundreds of loan clients where a single account showed up on the same CR multiple times. 

Some credit accounts showed up as a delinquent account + charged off + collection.  So one account showed up three times as THREE tradelines. 

BACK THEN I NEVER REALIZED THAT THE OPPOSITE COULD BE USED TO THE BENEFIT OF THE CONSUMER. 

[Fico2Go]

Some people on this forum have experienced the horror of removing three tradelines from one creditor I'm sure. 

Original derogatory TL

The collection TL

The charged off TL

The lawyer servicing co. TL

Comes time to remove them the consumer often run out of options or just let stay for 7 times. 

[indiolatino61]

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@Fico2Go wrote:
With my needless concerns the past several days that my newly opened acct would drop the AAoA I think got lucky and maybe even learned a new secret.

It appears each time my student loan switched servicing companies the event creates a new tradeline. When it switched three times it shows three tradelines with backdating to original date of student loan.

No wonder my AAoA hadnt budge with three new acct reporting.

Thank u. thank u.

What are some creative ways to have multiple tradelines from the same lender or creditor display on CRs??

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Don't forget, however, that AAoA is only a part of FICO. If, let's say, you have a $20K student loan reporting 3 times, FICO may also score that as you now having $60K in loans instead of the original $20K. This in turn may affect your DTI, etc. 

[Fico2Go]

Ive not seen multiple TLs reported as multiple debts. Each time a sl is transferred it shows as a closed acct and has a 10 yr value as far as fico goes.

I think the idea is to find a way to inherit the old acct open date to the new acct. Much the same way that amex allows backdating.

[MMB85]

Interesting. I have some student loans. All through the same company (federal). They've switched carriers (or whatever the term is ) a couple times but didn't notice it strengthening my AAoA. In fanct, when I got my Freedom card in June, my AAoA cut in half. Went from 6 years to 3 years and some change. 

[irrational]

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@credit_challenged09 wrote:

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@Fico2Go wrote:
With my needless concerns the past several days that my newly opened acct would drop the AAoA I think got lucky and maybe even learned a new secret.

It appears each time my student loan switched servicing companies the event creates a new tradeline. When it switched three times it shows three tradelines with backdating to original date of student loan.

No wonder my AAoA hadnt budge with three new acct reporting.

Thank u. thank u.

What are some creative ways to have multiple tradelines from the same lender or creditor display on CRs??

---

my rehab should be complete by march/april... i hope it backdates my loans to the original date.... keeping my fingers crossed....

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It should. At least it did for me With Sallie Mae. I was pleasantly surprised, as having it backdated to 2006 was never mentioned as one of the "benefits" of rehab.

[Fico2Go]

Its probably not a benefit. Just the way they connect rehabs and deferment to the original loan.
For refinancing and consolidation I dont think those carryover.