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Student loans and AAOA

Established Member

Student loans and AAOA

Hi guys, I have a student loan that was paid off on time with no missed payments. Closed in 2004. I think it does my credit report good by it being on there. Will it be removed eventually and affect my average age of accounts equation? It now says my average age of accounts is 7 yrs 8 months. My credit history is slim. I only within the past few weeks opened a few credit card accounts. Will it stay on my report and help my score or will it eventually disappear?



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Senior Contributor

Re: Student loans and AAOA

All good accounts eventually disappear.  In theory, accounts closed in good standing stay on your reports for about 10 years.  Sometimes a little longer, sometimes a little shorter.  When it does drop, yes, it will affect your average age of accounts.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
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