Sentences with phrase «calculating average age of accounts»
When calculating average age of accounts VantageScore does not include closed accounts, whereas FICO does.
https://www.doctorofcredit.com/ Not exact matches
Instead of calculating the age of each individual account, FICO averages the age of all your accounts together.
On this blog we often talk about something called your average age of accounts (AAoA), we've had a few e-mail queries recently about how this is calculate and how it affects your credit score.
Any other questions about average age of accounts or how credit scores are calculated?
-LSB-...] How average age of accounts is calculated and affects your credit score.
The Social Security Administration calculates your monthly benefits by using a complicated formula that takes into account your age when you became disabled, how long you worked and your average amount of earnings during your working years.
Drawbacks of More Credit Cards: While it's true that in the long term opening up a new credit card can help you to build credit, in the short term it will decrease your average account age, a factor used when calculating your credit score — with older being better in the eyes of card issuers.