cancel
Showing results for 
Search instead for 
Did you mean: 

What is a good Average Age of Account ? (AAOA)

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Frequent Contributor

What is a good Average Age of Account ? (AAOA)

What is a good Average Age of Account ?

 

When I did the math on all my OPEN credit card/charge cards =

Experian = 1 years 4 months and 21 days

Eequifax : 1 years 3 months and 24 days

 

Thoughts anyone ?

 






Message 1 of 22
21 REPLIES 21
Established Contributor

Re: What is a good Average Age of Account ? (AAOA)

The milestones are 2 years and 5 years IIRC.  When I finally hit 2.5 years, my Experian went up 30 point seemingly overnight.

Amex PRG (NPSL), Amex Blue Cash ($8K), Amex Simply Cash+ ($4K), Discover ($20.7K), Cap 1 Union Plus MC ($2500), Chase FU Visa Sig ($12K), Chase CSP Visa Sig($5K), FCB/Elan Rewards Visa Sig($10K), Buckle ($1.3K), BofA AAA Rewards ($65K), Paypal credit ($6.5K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($10K)
Message 2 of 22
Frequent Contributor

Re: What is a good Average Age of Account ? (AAOA)

and is that just on credit and charge cards ? or Mortgage and car loans count ?






Message 3 of 22
Valued Contributor

Re: What is a good Average Age of Account ? (AAOA)

AAoA includes ALL accounts opened and closed.

Message 4 of 22
Super Contributor

Re: What is a good Average Age of Account ? (AAOA)

If you're going for a perfect score, I believe it's over 8 years.








***AD SPACE AVAILABLE***
Message 5 of 22
Frequent Contributor

Re: What is a good Average Age of Account ? (AAOA)

wow, so until I am in my mid 40's i will not reach a perfect score....if there still is a credit rating system... lol






Message 6 of 22
Super Contributor

Re: What is a good Average Age of Account ? (AAOA)

The sooner you stop applying for credit, the sooner you'll get there.








***AD SPACE AVAILABLE***
Message 7 of 22
Frequent Contributor

Re: What is a good Average Age of Account ? (AAOA)

No reason to shoot for perfect scores.  Credit is a tool to be used.  Shoot for a score that will get you the credit, terms, and sign up bonuses that you desire.  ~ 750+ is good enough.  There are no awards, money, or status given to those with an 850.  It has no use other than a number to brag about.  Those with perfect scores are leaving money on the table, I'll take the $$$ and they can have the 850.



Message 8 of 22
Community Leader
Super Contributor

Re: What is a good Average Age of Account ? (AAOA)

Lol , whats your Fico? 849, and yours? $$$😁 i want one of thoseSmiley Wink
#ChaseCreditCardHobby Enthusiast
Message 9 of 22
Valued Contributor

Re: What is a good Average Age of Account ? (AAOA)


@AverageJoesCredit wrote:
Lol , whats your Fico? 849, and yours? $$$😁 i want one of thoseSmiley Wink

Lol cracked me up again AJC!

 

@OP ; Some Seasoned myFICOers here would even argue that a 750+ is better than an 850 in terms of “lender appeal” as they know right off the bat that the 850 carries zero profitability for them whereas a 750 though a bit riskier brings $$ into their pockets! 

All the 850 does is a bragging right and prestige here in the myFICO community and deservingly so (with praises and admiration) Think about it, how many of the people we all know outside of this community really knows and understand about FICO? 

BK7 dc in 01/2011 with FICO8 in the 500s

HPs EX 5 EQ 4 TU 1
AAoA 5y2m
UTIL 1% - 3%

$200K+ Total Limits







New cc TLs 1/6 ; 2/12 & 4/24
Message 10 of 22
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.