Average Age of Accts

[Anonymous]

I dread Oct of 2017 because my oldest closed in good standing store card will age off TU and EQ. It is 22 yrs old. My only other revolving card (secured Open Sky) will be shy of two years old. In March I plan on applying for the Barclaycard Rewards MasterCard because two baddies will have aged off my reports. I worry though with what I've heard about CC issuer's that if I get the Barclaycard in March but my Fico takes a dive in Oct because my oldest acct aged off, that they may exercise AA. What are your thoughts?

[Anonymous]

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@Anonymous wrote:
I dread Oct of 2017 because my oldest closed in good standing store card will age off TU and EQ. It is 22 yrs old. My only other revolving card (secured Open Sky) will be shy of two years old. In March I plan on applying for the Barclaycard Rewards MasterCard because two baddies will have aged off my reports. I worry though with what I've heard about CC issuer's that if I get the Barclaycard in March but my Fico takes a dive in Oct because my oldest acct aged off, that they may exercise AA. What are your thoughts?

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There's hope. Ive had a closed account on my CR for over 12 years now. It has yet to fall off my CR. So you may get lucky and it may not fall off. Mine was an old paypal account from many many years ago. 

[Anonymous]

If my oldest account does fall off and that is the only thing that would make my Fico drop, I wonder if after review of my credit, if the credit card issuer would cut me slack.

[Anonymous]

I do have a old Ben Bridge jewelers open acct on EX and EX is my highest Fico score of 680. Only bad thing is I have a paid water bill that has 24 entries of going over 180 days late by Revenue and Recovery. That is why I won't apply for CAP 1 Platinum or Quick Silver 1 because they pull all three reports.

[Anonymous]

You may want to ask a moderator to place this post in a different forum.  Credit In The News is for stories about credit scoring that have appeared in the media.  You will get more and better responses if this gets placed in General Credit or the Credit Card forum.

Your subject header is Average Age of Accounts, but the actual scoring factor that will get hit most significantly by what you describe is Age of Oldest Account.  Just as an FYI those are different.

You mention your oldest store card and only other revolving card.  Do you have any open or closed installment accounts?  If so are any of them open? 

[Anonymous]

No I do not have anymore open accts on TU and EQ. I do have one more very old open acct on Esperian but I have a paid co from city treasurer that reported 180 days late 24 times.

This is my info:
TU FICO 8 Score 666
EQ FICO 8 Score 687
EX FICO 8 Score 680

[Anonymous]

I am contacting the administrator to move this post. Thank you.

[Anonymous]

Since you have no open installment accounts, you would benefit a lot of the Share Secure Loan technique.  You can read about it here -- you only need to read the first few posts:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secu...

It will also help make your profile less thin.  Thin profiles have only a very small number of accounts.

[SouthJamaica]

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@Anonymous wrote:
I dread Oct of 2017 because my oldest closed in good standing store card will age off TU and EQ. It is 22 yrs old. My only other revolving card (secured Open Sky) will be shy of two years old. In March I plan on applying for the Barclaycard Rewards MasterCard because two baddies will have aged off my reports. I worry though with what I've heard about CC issuer's that if I get the Barclaycard in March but my Fico takes a dive in Oct because my oldest acct aged off, that they may exercise AA. What are your thoughts?

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On a side note, I'm sorry to say the Barclay Rewards Mastercard is no longer being offered.

[elim]

I lost my last old account this past month. These were 3-4 yr old accounts closed in 06'.  My oldest account (open or closed) now is 32 months.  Shockingly, the disappearance of these accounts off my CR's cost me nothing in points.  Alerts between then and now have shown no more than a 4 point loss (and my EX has actually gone up).