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My AAoA is 5 years 4 months. I believe that includes 11 Tradelines open and closed and 1 collection that's being factored as a installment account i believe. So th at's a total of 12 accounts and i averaged all the ages of them and got the same number. So with my mom having about 4 years on her credit card that she would add me to would make 13 tradelines and would drop my AAoA down to 5 years and 3 or 2 months. How much of a change does it take for FICO to trigger a score change.
Example: starting at 5 years and 4 months and having that go down to 5 years and 2 months or does it take it going down into the 4 year range for AAoA in order for it to ding my score?
I hope that was clear. Any feedback would be great.
@Chris3k2 wrote:My AAoA is 5 years 4 months. I believe that includes 11 Tradelines open and closed and 1 collection that's being factored as a installment account i believe. So th at's a total of 12 accounts and i averaged all the ages of them and got the same number. So with my mom having about 4 years on her credit card that she would add me to would make 13 tradelines and would drop my AAoA down to 5 years and 3 or 2 months. How much of a change does it take for FICO to trigger a score change.
Example: starting at 5 years and 4 months and having that go down to 5 years and 2 months or does it take it going down into the 4 year range for AAoA in order for it to ding my score?
I hope that was clear. Any feedback would be great.
i also would like to know this? would closing new store cards with 0% util raise my score?
yeah i understand it's a pretty big portion of your score but at what numbers do you start noticing a decrease or increase in your score? would having a 5 year and 7 months AAoA and having that decrease to 5 year and 2 months decrease your score or does it take going down a year before you start seeing a decrease. Such as going from 5 year and 7 months down to 4 years 11 months. Would a score change be triggered for both or just the later example?
@Chris3k2 wrote:yeah i understand it's a pretty big portion of your score but at what numbers do you start noticing a decrease or increase in your score? would having a 5 year and 7 months AAoA and having that decrease to 5 year and 2 months decrease your score or does it take going down a year before you start seeing a decrease. Such as going from 5 year and 7 months down to 4 years 11 months. Would a score change be triggered for both or just the later example?
FICO rounds down to the nearest year. so 5 year 11 months or 5 year 0 months = 5 years AAoA. 4 years 11 months = 4 years AAoA.
@Chris3k2 wrote:
So pretty much as long as being put as an authorized user doesn't take me below 5 years thn I should see no score change then. Am I correct in saying that?
As far as AAoA goes, this scoring factor will remain at 5 years. The utilization and payment history on the AU account could affect your score though.