how do you determine AAOA

[2wheel]

WAS JUST WONDERING ?????????

[haulingthescoreup]

1. Take each report, one at a time.
2. Write down every account on each report, with the date that it was opened.
3. Figure out how many months ago each account was opened. It doesn't matter if it's open or closed; you just want the how-many-months-ago figure.
4. For each report, add up all the months open, and divide by the number of accounts. The answer will be in months. Divide by 12 to express in years.

[llecs]

---

haulingthescoreup wrote:
3. Figure out how many months ago each account was opened. It doesn't matter if it's open or closed; you just want the how-many-months-ago figure.
4. .....Divide by 12 to express in years.

---

I hope Hauling doesn't mind.... 

To add for #3, these do not include CAs or PRs, but do include everything else (CCs, SLs, LOCs, Loans, charge-offs, etc., and any open or closed accounts as mentioned)

For #4, AAoA is expressed as a whole number, so you'd have to round down.

[haulingthescoreup]

---

llecs wrote:

---

haulingthescoreup wrote:
3. Figure out how many months ago each account was opened. It doesn't matter if it's open or closed; you just want the how-many-months-ago figure.
4. .....Divide by 12 to express in years.

---

I hope Hauling doesn't mind.... 

To add for #3, these do not include CAs or PRs, but do include everything else (CCs, SLs, LOCs, Loans, charge-offs, etc., and any open or closed accounts as mentioned)

For #4, AAoA is expressed as a whole number, so you'd have to round down.

---

Thanks, llecs! Those asterisks always slip my mind.

And the AAoA is expressed as a whole number, and for score bucketing, you'll have to wait until you hit one of the special whole numbers (2 years, 5 years), but 4 years and 2 months sure feels different from 4 years 11 months. I'm all about those dangling carrots!