How do I calculate AAoA?

[MBOhio2]

I am jumping in to ask a quick question - since the longer the AAoA, the better... if I close a newer account, then it could theoritically improve my score, correct? (setting aside other factors like utilization ratio, total credit, etc)

[MarineVietVet]

---

@clemente21 wrote:

BTW, I have only one 60 day late on this account (from 2/2008) and three 30 days, the newest one being from Oct 2008.  Is it even worth it to get rid of this 2 year+ 60 day?

---

I think it is. Others might disagree. Even after 3 years it probably is still hurting you (impossible to know exactly how much) at least a little and I would attempt to GW it. Even those 30 day lates look bad to a potential creditor.

Just my 2 cents.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[MarineVietVet]

---

@MBOhio2 wrote:

I am jumping in to ask a quick question - since the longer the AAoA, the better... if I close a newer account, then it could theoritically improve my score, correct? (setting aside other factors like utilization ratio, total credit, etc)

---

Just closing it will not change your AAoA or credit length history. This is explained in more detail here: Closing Credit Cards.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[clemente21]

Well they are willing to just delete the entire TL.  I'd lose the the account history tho going back to 2006.  Still say go?

[MarineVietVet]

---

@clemente21 wrote:

Well they are willing to just delete the entire TL.  I'd lose the the account history tho going back to 2006.  Still say go?

---

For me I would leave it alone to keep the TL. But I can't tell you how to handle this. 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[clemente21]

Thanks.  I think I'm going to leave it alone.  Maybe try again later to GW the lates removed.  We'll see what happens.