Average Age of Accounts - How is Average Age of Accounts abbreviated?
AAoA (redirected from Average Age of Accounts)
|AAoA||Average Age of Accounts (credit)|
|AAoA||American Academy of Otolaryngic Allergy|
|AAoA||Area Agency on Aging|
|AAoA||Advocates for the American Osteopathic Association (Chicago, IL)|
|AAoA||Arts of Africa, Oceania, and the Americas (Metropolitan Museum of Art)|
|AAoA||American Alliance of Aromatherapy|
|AAoA||Association of Academic Orthopaedic Administrators (UK)|
References in periodicals archive
Dont close it that also would hurt your average age of accounts
. Better to use it lightly and pay on time.
This remains true as long the existing loan remains intact and is not replaced with a new loan, preserving the "age" of the account--whereas the creation of a new account will reduce the average age of accounts
on file and have a negative impact on a consumer's VantageScore score.
(1) In the USA, EDI halved the average age of accounts
and reduced costs of processing claims by 35%.