Average Age of Accounts - Short Term Open & Closed Accounts?

[Jazee]

Am I correct in understanding the Average Age of Accounts (AAoA) factor on the credit score is only calculated using OPEN accounts.

If that is correct, than if I get a personal loan, that will lower may AAoA.  But as soon as I pay it off and close it, the AAoA will go up?

[dragontears]

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@Jazee wrote:

Am I correct in understanding the Average Age of Accounts (AAoA) factor on the credit score is only calculated using OPEN accounts.

If that is correct, than if I get a personal loan, that will lower may AAoA.  But as soon as I pay it off and close it, the AAoA will go up?

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Nope, you are 100% wrong.

All accounts, open or closed factor into AAOA for all FICO models, if it is on your reports it counts 

[Jazee]

Thanks.  I did a search before posting and the thread I read, they said the opposite.  But I believe you are correct after digging deeper.