For your file probably not much. There's a line at 5 years for AAOA but honestly the negatives are your issue rather than age.
Ultimately if it makes sense to refinance financially do it and don't sweat the scores; even with an AAOA under 5 years (about 3 years if I remember a recent datapoint) you can reach 820+ if clean so age isn't the issue.
@Anonymous wrote:I currently have 3 open accounts: CC at 20 years, 1 mortgage at 16 years, and another mortgage (different property) at 2 years with AAOA at 13 years. I also just opened a new CC which will drop the AAOA to about 9 years. Negatives on my report are 1 30 day late on mortgage 3 years ago, 1 30 day late on the CC 2 years ago, 1 collection ($89) that was PIF in April, and a $1500 CO Chase card that was PIF this month. CU is showing 6% but should drop to 2% once the CO reports $0 balance.
My question is how big a hit will dropping if AAOA drops down to 3 years? I want to refi both mortgages (for lower interest) in the next couple months and get a 3rd CC around Nov/Dec. Current FICO 8 is 621, CC I want requires FICO of at least 700 (they don't specify which one they use, it's AMEX Cash Magnet).
IMHO it makes a huge difference. But in your case the negatives are the only thing suppressing your scores. Get rid of those and you'll be golden. Your age-related factors are in great shape.
