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AAoA - 4 years vs 5 years

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House2021
Established Contributor

AAoA - 4 years vs 5 years

My average age of oldest account is 4 years 8 months when it ages to 5 years will I see much of a boost? I read here that certain ages of accounts get a boost, wondering it I should hope for anything noticeable? 

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Revelate
Moderator Emeritus

Re: AAoA - 4 years vs 5 years


@House2021 wrote:

My average age of oldest account is 4 years 8 months when it ages to 5 years will I see much of a boost? I read here that certain ages of accounts get a boost, wondering it I should hope for anything noticeable? 


I got a handful of points at 5 years but might have been conflated with another thing too.  It wasn't an earth shattering thing, AAOA never is seemingly.




        
Message 2 of 4
SouthJamaica
Mega Contributor

Re: AAoA - 4 years vs 5 years


@House2021 wrote:

My average age of oldest account is 4 years 8 months when it ages to 5 years will I see much of a boost? I read here that certain ages of accounts get a boost, wondering it I should hope for anything noticeable? 


The general view here is that 5 years is not a threshold but 5 years 6 months is a threshold Smiley Happy

 

I just hit 5 years this month and gained 20-26 points in FICO 8 but it was -- as in @Revelate 's case -- accompanied by another event. In my case the accompanying event was hitting 12 months age of newest account, which I am told is capable of producing a 20 to 26 point gain all on its own.

 

 


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 4
Anonymous
Not applicable

Re: AAoA - 4 years vs 5 years

5 year, very little to no change for me on Fico 8. 

Message 4 of 4
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