maa42 wrote:So, I screwed up and opened a Brooks Brothers MasterCard. [color="red"]My AAoA went from Excellent to Good/Poor, [/color]and I'm sick over it. I plan to buy a house later this year and have spent a considerable amount of time getting my score to above average. The account was opened a few weeks ago and I just got the card in the mail last Friday.
Is there anything I can do to get this new account off my credit reports?? It's really screwing up my plans by lowering my average account age. I'll write letters 'til my fingertips bleed if there's a way. Please help!
What's the source of the statement that your AAoA went from Excellent to Good/Poor? Usually, there's a step in between "good" and "poor" and it's "fair".
Your length of history accounts for only 15% of your score. http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx
My credit history, according to CreditKarma (for entertainment/learning purposes only) is showing as "fair", since I opened an account within the past 6 months. My scores barely budged and remain in the 800s, even with a change in my AAofA. Granted, I have a very thick and lengthy file, but AAofA is really not a major factor in scoring, when talking about only one card added to your credit profile. If you'd added more cards, then there would be an impact that would be more significant.
Much depends on what your actual FICO scores are, both before this account and after. What exactly are your scores, how far "above average" are you?