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AAoA

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Super Contributor

Re: AAoA


@SouthJamaica wrote:

I was under the impression that 3 yrs 6 mos is a threshold.

I sort of was too, which is why I asked the OP if he saw any gains at 42 months.  Hopefully he'll report back, as I'm curious.

Message 11 of 19
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Senior Contributor

Re: AAoA

BBS My recent testing indicates '98 and '04 algorithms don't award AoYA awards at 12 months, on my profile, anyway. So I was wondering if you received any points at 24 months.

Back to the drawing board!
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.



RIP:






Scores updated May 2020, unless otherwise noted. 5 revolvers reporting a balance, where it's normally 1, but took an HP on EX.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 12 of 19
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Regular Contributor

Re: AAoA

My credit profile has been fluctating too much from utilization to be able to track if that threshold caused a gain - sorry I couldn't provide a better data point. 

Current Open: NFCU AMEX $6,800 CL | Chase Freedom $3,800 CL | QS1 $1,300 CL | BankAmericard $24,000 CL (AU) | NFCU SSL $3,000 |
FICO 8 EXP, EQ, TU: 675-715 (depending on Utl.) | AAoA 3 Years 3 Months | AoYA 0 Months

Closed: American Honda Finance Installment $16,000 paid satisfactorily | Capital One Secured $700 paid satisfactorily | Wells Fargo credit card $3,000 paid charge off settled less than full amount (badie 2015) | Bank of America credit card $1,000 paid charge off settled less than full amount (badie 2015)
Message 13 of 19
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Community Leader
Senior Contributor

Re: AAoA


@CreditSage wrote:

My average age of accounts in 3 years 6 months. Is there a threshold (say 4 years) that once I pass my score will jump up? 

My most recent new card is 1 year four months. Is there a threshold (say 18 months) that once I pass my score will jump up?


It took me a long time to notice, but I seem to get FICO 8 AAoA bumps every six months. Some of my other scores don't budge when these thresholds are crossed.

 

My Transunion 04 (FICO 4) Auto jumped by 15 points recently, likely due to AAoA. I'd say that's pretty unusual, though, and certainly impossible to predict.

Message 14 of 19
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Regular Contributor

Re: AAoA

Are all tradelines included in AAoA (including for instance, car loans)?

Current Open: NFCU AMEX $6,800 CL | Chase Freedom $3,800 CL | QS1 $1,300 CL | BankAmericard $24,000 CL (AU) | NFCU SSL $3,000 |
FICO 8 EXP, EQ, TU: 675-715 (depending on Utl.) | AAoA 3 Years 3 Months | AoYA 0 Months

Closed: American Honda Finance Installment $16,000 paid satisfactorily | Capital One Secured $700 paid satisfactorily | Wells Fargo credit card $3,000 paid charge off settled less than full amount (badie 2015) | Bank of America credit card $1,000 paid charge off settled less than full amount (badie 2015)
Message 15 of 19
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Super Contributor

Re: AAoA


@CreditSage wrote:

Are all tradelines included in AAoA (including for instance, car loans)?


Yes, each counts exactly the same as any other.

Message 16 of 19
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Valued Contributor

Re: AAoA

I was researching AAoA and found this tidbit on credit.com. 

 

AAoA.JPG

 

It just confused me even further.

















Your FICO credit scores are not just numbers, it’s a skill.

Message 17 of 19
Highlighted
Super Contributor

Re: AAoA

That's a BS chart above.  I'd be closer to "fair" than "excellent" if we went by that.

 

Also, those factors point to the age of credit history sector of the Fico pie, which is estimated to constitute 15% of one's Fico score.  That's not the slice of the Fico pie that we should be looking at when talking a 100-150 point span between two scores when trying to evaluate "fair" verses "excellent" credit when Payment History and Amounts Owed combined are good for nearly 5X what age of credit history makes up. 

Message 18 of 19
Highlighted
Senior Contributor

Re: AAoA

Yeah, I call BS on that chart too.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.



RIP:






Scores updated May 2020, unless otherwise noted. 5 revolvers reporting a balance, where it's normally 1, but took an HP on EX.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 19 of 19
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