How do I find Average age, etc...for my accounts here on MyFICO?

[Anonymous]

I noticed some people here mentioned exact AoAA (whatever that is) to be (example) 12.2 years. I tried to look for it in MyFICO account and couldn't find one. How do you get that information? Maybe I overlooked?

Any other info I should be looking besides AoAA?

Thanks!

[Anonymous]

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@Anonymous wrote:

I noticed some people here mentioned exact AoAA (whatever that is) to be (example) 12.2 years. I tried to look for it in MyFICO account and couldn't find one. How do you get that information? Maybe I overlooked?

Any other info I should be looking besides AoAA?

Thanks!

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Sorry, I dont have a myFico account, but I do mine manually on a spreadsheet.

I got all of the account opened dates from my reports.  Then its just a matter of getting the months and then adding up the months and then dividing by the number of accounts.

 You can also look at Credit Karma, under the 'factors' tab and get it for EQ and TU.  I think Credit dot com will show you the EX.

I am using the spreadsheets to keep track of due dates, statement dates, last CLI dates, balances, etc and I just added in the AAoA calculation to see what it would like look if I opened a new account.

HTH

[olehammer]

Credit Karma and credit.com only take into account open accounts in their calculation. For true AAoA you'll want to include all accounts that appear on your report (cc, auto, student k loans, etc). Don't include collections, tax liens or the like.

[Anonymous]

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@olehammer wrote:
Credit Karma and credit.com only take into account open accounts in their calculation. For true AAoA you'll want to include all accounts that appear on your report (cc, auto, student k loans, etc). Don't include collections, tax liens or the like.

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OK, so that means I only include one Student Loan (Parental Loan for my kid: PLUS), plus 3 credit cards opened 8/15, 10/15 and 11/15 and NOT including any that I've included in my bankruptcy that I filed last March 2015?

[olehammer]

OK, so that means I only include one Student Loan (Parental Loan for my kid: PLUS), plus 3 credit cards opened 8/15, 10/15 and 11/15 and NOT including any that I've included in my bankruptcy that I filed last March 2015?

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You would only include any "original creditor" accounts. So if you have a charge off I think that's included. Rule of thumb, if the record is from a secondary creditor IE collector that it's not included.

[Anonymous]

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@Anonymous wrote:

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@olehammer wrote:
Credit Karma and credit.com only take into account open accounts in their calculation. For true AAoA you'll want to include all accounts that appear on your report (cc, auto, student k loans, etc). Don't include collections, tax liens or the like.

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OK, so that means I only include one Student Loan (Parental Loan for my kid: PLUS), plus 3 credit cards opened 8/15, 10/15 and 11/15 and NOT including any that I've included in my bankruptcy that I filed last March 2015?

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IIB accounts ARE used for AAoA purposes.

[elim]

here is a good starter sheet for calculating AAoA etc. 

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

[Anonymous]

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@elim wrote:

here is a good starter sheet for calculating AAoA etc. 

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

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Cool! Thanks Elim!