Walmart to cap one- score DROP

[snickerpedia]

So I just updated my experian report and noticed that my snychrony walmart is now listed as closed with the new capital one not reporting?

Is this correct that my AAoA is oging to decrease when the capital one reports. Kinda SUCKS.

[dragontears]

Why would it suck to have your AAoA increase?

[snickerpedia]

oops i mean my AAoA is going to decrease for the new account. 

[Brian_Earl_Spilner]

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@snickerpedia wrote:

oops i mean my AAoA is going to decrease for the new account. 

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Higher is better. For the highest scores, you need upwards of 7 years typically.

[Anonymous]

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@snickerpedia wrote:

So I just updated my experian report and noticed that my snychrony walmart is now listed as closed with the new capital one not reporting?

Is this correct that my AAoA is oging to decrease when the capital one reports. Kinda SUCKS.

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It's the same account, so I'd imagine that the account opened date will remain the same and that it wouldn't be reported as a new account age wise.

[snickerpedia]

but the synchrony account is now under the closed account sections.  So when cap 1 reports the account again it will be listed as a new account right? and since this is one of my newer accounts its going to be 2 accounts now listed with a low age. am i missing something here. thanks!!

[Anonymous]

That may be the case then.  The age of the new reported account should be the same as the age of the now closed account.  If that age is less than your AAoA, you're correct that it would drop your AAoA. 

Overall it's probably not a huge deal.  Many people see something similar when they refinance mortgage.  They may go from having a 13 year old mortgage (account) that is now closed and replaced with a 0 month old open account.  Naturally, an AAoA drop would happen there as well.

[snickerpedia]

Oh **bleep**, I wasn't expecting this as I have a very thin file and my stupid walmart account is only 6 months old   THANK YOU

[Anonymous]

Well, I suppose the silver lining if you have a very thin file is that this additional account will thicken it a little.

[snickerpedia]

hmm. also if chase looked at it from an application view it would count against 5/24 huh?