AAoA effect on score.

[StarraeAday1]

It looks like my AAoA on EQ should move up to 5 years in May of this year if I leave things the way they are. Do you think that would give me a score boost? Just wondering if anyone had any idea. Thanks!

[Anonymous]

It can't hurt

The magic AAoA number starts at 6 years (bottom side of High Achiever average).

[StarraeAday1]

Thanks, John! You're always so helpful.

[cashcardscore]

I doubt your scores will go up when you AAoA hits 5 years. Mine did that on 1 Jan and my score dropped. I pulled EQ on 31 Dec and it was 727 and then on 1 Jan it was down to 715. Nothing on my report changed too.

[Anonymous]

Is AAoA the average of open accounts or the average of all accounts?

[StarraeAday1]

It's the average age of any account, open or closed, showing on your credit report.

[MarineVietVet]

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@Anonymous wrote:
Is AAoA the average of open accounts or the average of all accounts?

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Your AAoA is the sum of the ages of every account on your report, whether open or closed, calculated in months, divided by the number of accounts and then divided by 12. This is measured from the time each account was opened until present.

[Anonymous]

So if you close an account that is almost 5 years old, the only affect on your score would be lowering your available credit, which affects your util?

[RobertEG]

I estimate less than 3-5 points max increase per year based on AAoA, and that is optimistic.

Fair Isaac has never disclosed the specific yearly relationship between AAoA and scoring, so no one can give you an accurate prediction.  But is it small. 

[Jazzzy]

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@Anonymous wrote:

So if you close an account that is almost 5 years old, the only affect on your score would be lowering your available credit, which affects your util?

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That's correct (assuming it's not your only revolving credit). The closed account will continue to report for you for up to 10 years.