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New Accounts and AAOA along with scoring

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Skye12329
Valued Contributor

New Accounts and AAOA along with scoring

So i check my Discover Fico score when it updates and it usually gives me the same reasons of which one of those reaons of my score hurting will probably always be there. The reason that will probably stay is: Length of accounts. Meaning my AAOA is low, currently its just below the 2 yr mark due to new student loans. SO what is considered a good AAOA, i usually consider 2 yrs good but according to Discover that is not good enough >.< My guess 10 years would be more than excellent. 

BK7 - 2/21
Cap1 QS - 2k (4/21) - Closed
Mission Lane - 4k (11/21) - Closed
Venmo - 900 (11/21) - Closed
SavorOne - 2700 (12/21)
VentureOne - 2000 (7/22) - Closed
CareCredit - 15000 (6/23)
Sam's Club - 5000 (7/23)
Venture - 5500 (8/24)
HELOC - 33000 (7/23)
Venture X - 15000 (11/24)
WF Reflect - 5000 (6/25)
Costco - 6800 (8/25)
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CreditPlay
Frequent Contributor

Re: New Accounts and AAOA along with scoring

Length of credt history category consists of your oldest TL and average of all. I think I use to get the same reason until after my oldest TL was 8  years. I too get score reason like length of bankcard or revolving accounts, probably bcoz couple of my accounts have not reached 1 year mark. Next month I will be hitting 5 years of AaoA , hope to see a score bumpSmiley Happy


         
FICO08 12/2014EQ 777TU 799EX 767
 
    
Message 2 of 3
myjourney
Super Contributor

Re: New Accounts and AAOA along with scoring

5 years AAoA is good IMHO 

Here's a calculator too should you ever need it.

Useful tool

http://seemly.com/aaoa-calculator/

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
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