Average account age thresholds

[House2021]

I have the average age of my accounts listed as 7 years and 1 month to 7 years 6 months depending on the credit report viewed. Anyways, I remember reading there's a penalty for 7 something years? Is there a gain for getting past 7 years some odd months? I'm asking because I might ask for early exclusions of some positive accounts if it will help my account age point scoring, I'm only interested in mortgage ficos

[Anonymous]

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@House2021 wrote:

I have the average age of my accounts listed as 7 years and 1 month to 7 years 6 months depending on the credit report viewed. Anyways, I remember reading there's a penalty for 7 something years? Is there a gain for getting past 7 years some odd months? I'm asking because I might ask for early exclusions of some positive accounts if it will help my account age point scoring, I'm only interested in mortgage ficos

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Penalty? For hitting 7 years AAoA? Not that I have heard of.

There really is no thing as EE for positive accounts. Only derogatory TLs qualify for EE. I also would not recommend lowering your AAoA, both my SO and I have only had score reductions from AAoA going down, never an increase.

[Slabenstein]

The quick answer is that early exclusion only applies to negative information close to the end of its reporting timeframe, so you wouldn't be able to have young or positive accounts removed in this way.  But, to shed some light on some of the other things you mention, I can add the following:  For FICO8, the highest AAoA threshold that has been found on these boards is 7 years, 6 mo's.  Whether the mortgage scores also have thresholds at that point, I don't know.  Also, the only score penalty I know of that is associated with gaining age is associated with AoOA and only happens on clean profiles when scorecard reassignment segments them from "young" to "mature".  For FICO8 (and I believe 9) this happens when the oldest account is at 3 years; for the mortgage scores when it hits two years.

[House2021]

Oh I don't want to lower it, I was going to see if I could get an early exclusion for two very short accounts that are nearing 10 years old. I did not know you could t do EE though for positive accounts

[Anonymous]

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@House2021 wrote:

Oh I don't want to lower it, I was going to see if I could get an early exclusion for two very short accounts that are nearing 10 years old. I did not know you could t do EE though for positive accounts

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Also, with multiple derogs, you want as many positive accounts anyway, I would not want to get rid of them, no matter how short you had them. You don't want a report full of more negatives than positives.

[House2021]

Slabenstein so when my account age reaches 7 years 6 months I should get a scoring boost? I also have one duplicate account Less than a year old If I could try to get removed if it'll help 

[Slabenstein]

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@House2021 wrote:

Oh I don't want to lower it, I was going to see if I could get an early exclusion for two very short accounts that are nearing 10 years old. I did not know you could t do EE though for positive accounts

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If they are nearing 10 years old, then they are above your AAoA and thus pulling it up, not holding it down.  FICO measures the age of closed accounts from the first of the month that they were opened to the present, rather than from their open to close dates.

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@House2021 wrote:

Slabenstein so when my account age reaches 7 years 6 months I should get a scoring boost? I also have one duplicate account Less than a year old If I could try to get removed if it'll help

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7 years 6 mo's has been observed to be a scoring threshold for score 8, but how it will manifest for you score-wise may be profile-dependent.  I don't know, e.g., whether it's present on both clean and dirty cards.  When your AAoA hits 7 yrs 6 mo's on the various bureaus (which may be different from when your ACR's or CMS's say that it does), definitely let us know what score changes you see on your 8's, 9's, & mortgage scores, if they're visible to you!

If you have a tradeline younger than your AAoA that is incorrectly reporting in duplicate, getting the duplicate removed would help your AAoA.

[House2021]

What is ACRs and CMS's?

[Slabenstein]

ACR = annual credit report, which are the reports you can get directly from the bureaus once per year (right now, once per week) at the appropriately-named www.annualcreditreport.com

CMS = credit monitoring service, which is basically any service that gives you access to your reports and/or scores as a consumer.  Stuff like Credit Karma, Credit Check Total, and MyFICO.