AoOA = 20 years, no points

[Patient957]

My AoOA ticked up to 20 years in September.  My "age of credit" rating ticked up from fair to good, but alas no points.

[Thomas_Thumb]

Only good!? 

You must have a relatively low AAoA. What is it?

AAoA affects score more than AoOA. Of course AoOA indirectly influences AAoA and directly impacts scorecard assignment. By the time AoOA reaches 15 years any direct influence on score may have platueued. 

[Patient957]

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@Thomas_Thumb wrote:

Only good!? 

You must have a relatively low AAoA. What is it?

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Correct, I do:  3 yrs 7 months.

[Thomas_Thumb]

An AAoA over 3.5 years is not bad. 

Past poster data suggests age related score boost due to AAoA tops out around 8 years. The leading hypothesis is that AAoA aging intervals for added points are 6 months. For example AAoA (in years) = 2.0, 2.5, 3.0, 3.5, 4.0 ... 8.0.

[Patient957]

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@Thomas_Thumb wrote:

An AAoA over 3.5 years is not bad. 

Past poster data suggests age related score boost due to AAoA tops out around 8 years. The leading hypothesis is that AAoA aging intervals for added points are 6 months. For example AAoA (in years) = 2.0, 2.5, 3.0, 3.5, 4.0 ... 8.0.

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My AAoRA is even lower, currently at 1 yr 9 mos, with my AoORA at 2 yrs 10 months. 

I think people underestimate the importance of revolving account age, probably because for many people AoOA = AoORA (i.e. their first account was a credit card).

I'm nor sure of the importance of AAoRA on scoring, but as to AoORA, I got 10 points at 24 months and I'm expecting another 10 at 36 months this November, at least according to the MF estimator, which for me has been accurate as to aging metrics.  I'll post about it in November either way.

[Thomas_Thumb]

Good point.

We do know Fico looks at some age related metrics for revolving accounts seperate from other account types. A good example is AoYRA over/under 12 months age. Certainly AoORA could play into your age of accounts rating which is lower than expected if all account types are aggregated.

[Realist]

Similiar situation, 20+ on oldest, number of old accounts, but not all that many, average age 3.x-6.x years depending on which agency is reporting.  Average age is just good.  Weakest link in the chain due to always seeking welcome bonuses.

Meanwhile the extended credit card FICO simulators show great in their condensed and simple versions.   Once all the newer to mid credit cards solidify in age, I imagine it's going to be rock solid when it comes recalculating average age.  The accumulation should hold strong or drag the average up over time due to how many of them there are.  

Setting that baseline for future growth.  Credit, is never a one and done thing.  It's a lifetime of action and perfection.  And opportunity.

[Pppoolboy]

My question is how do AU accounts factor in to this?