@RobertEG wrote:One factor in the scoring of AAoA that really, in my opinion, is unfair stems from the CRA policy of arbitrarily deleting accounts that have been closed for approx. ten years.
While I understand the CRA position in wanting to retrieve database capacity, and their assumption that accounts closed for ten years have likely already had all derogs exlcuded from credit reports, and thus have dubious value to the customers, that assumes that only creditors are their customers.
We consumers are ignored in their decision to delete, and its clear affect on AAoA and oldest account in length of credit scoring.
Accounts subjectively deleted by the CRAs are almost always older than the consumer's current average age of accounts, and thus their deletion will lower consumer AAoA, and often also remove their oldest account. Consumer affect is ignored by the CRAs.
Perhaps they could restain only the account name and open date, thus permitting the continued scoring of its age.........
Excellent point Robert. It Does seem rather arbitrary to delete after ten years. Another indicator the cra's work almost to the exclusive benefit of the banks and lenders.
