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Where can I find AAoA ?

Established Contributor

Where can I find AAoA ?

I have a subscription to MyFico.com & CCT. When I login to MF, I don't see any place that shows AAoA. I was wondering if anyone knows where to find that info. If there is no place, can someone tell me how to calculate AAoA. I have a BoA account that I am AU on, it is at 99% util but really hasn't held my scores back because AU but I want to see how the AAoA behaves if I decide to drop it. It is oldest account that is still active, I have to 2 other accounts which are older but closed (mine from 2004 & AU on other account from 2010). 

 

Anyone know where I can find this info?

Message 1 of 9
8 REPLIES
Super Contributor

Re: Where can I find AAoA ?


darwin_wins wrote:

I have a subscription to MyFico.com & CCT. When I login to MF, I don't see any place that shows AAoA. I was wondering if anyone knows where to find that info. If there is no place, can someone tell me how to calculate AAoA. I have a BoA account that I am AU on, it is at 99% util but really hasn't held my scores back because AU but I want to see how the AAoA behaves if I decide to drop it. It is oldest account that is still active, I have to 2 other accounts which are older but closed (mine from 2004 & AU on other account from 2010). 

 

Anyone know where I can find this info?


Dashboard > Scores > Length of Credit History (at the bottom)


FICO8 EQ 743 TU 777 EX 752 Total revolving limits 618800 (508800 reporting)
Message 2 of 9
Established Contributor

Re: Where can I find AAoA ?

Thank you. Do you know how to calculate this value if I were to do this manually?
Message 3 of 9
Super Contributor

Re: Where can I find AAoA ?

Add up the ages of all of the accounts (in years) you have on your credit report and divide that number by the total number of accounts. 

 

Example, you have 7 total accounts that are the following ages:

 

3 months

9 months

8 years

4.6 years

3.5 years

6.1 years

2 years

 

3 months = .25 year, 9 months = .75 years, plus the other 5 numbers = 25.2 years

 

25.2 years / 7 accounts = 3.6 years

 

AAoA is rounded DOWN to the nearest whole number... so 3.6 years = 3 years AAoA in the eyes of FICO scoring.

Message 4 of 9
Super Contributor

Re: Where can I find AAoA ?


darwin_wins wrote:
Thank you. Do you know how to calculate this value if I were to do this manually?

I believe in FICO you take (a) the number of months from account's opening date through last month for (b) each open and closed revolving and installment account on your credit report, then (c) divide by the total number of said accounts.

 

 


FICO8 EQ 743 TU 777 EX 752 Total revolving limits 618800 (508800 reporting)
Message 5 of 9
Community Leader
Super Contributor

Re: Where can I find AAoA ?

The one thing you should certainly avoid doing is relying on the "summary" software provided by Credit Karma.  It ignores closed accounts in its age calculations, which none of the majoring scoring algorithms do (e.g. both FICO and VantageScore count closed and open accounts equally).

Message 6 of 9
Super Contributor

Re: Where can I find AAoA ?

I was always under the impression that VS 3.0 didn't count closed accounts; I suppose I wrongly assumed that since CK uses VS 3.0 and CK only displays information pertaining to open accounts.  Good to know!

Message 7 of 9
Community Leader
Senior Contributor

Re: Where can I find AAoA ?

I would add your accounts to a spreadsheet and you will always know actual AAoA.

 

https://docs.google.com/spreadsheets/d/1zG3BGlfgYkfEXeVLIklvS1SpwKrax99s1g1af9Mao_8/edit#gid=8210833...


Message 8 of 9
Established Contributor

Re: Where can I find AAoA ?

Thank you elim I am going to do that as soon as I get home
Message 9 of 9