I've had a Discovercard for 6 years but I recently started getting rent reporting through my rent management portal (TenantCloud) and ever since they started reporting (1.2 + 2 months ago, just renewed lease) its completely tanked my average age of account from 6 years down to 2.5.

Also it shows up as a personal loan. Is this right? Is this actually causing a negative impact to my score or is this normal? As of today my report reflects being completely debt free and old collections paid off and my score didn't even move (666 FICO on Experian with some boost items, 743 on creditkarma with the VantageScore)
The average age of accounts (AAoA) is a significant factor in the calculation of your credit score. When a new account is added, especially one with a short history like your rent reporting, it can lower your AAoA and potentially impact your credit score. However, it's important to remember that AAoA is just one factor out of many that contribute to your credit score.

The fact that your rent is being reported as a personal loan might be due to how your rent management portal is reporting it. Typically, rent payments are not reported as loans but as regular payments. This could be something worth discussing with your rent management portal to ensure that it's being reported correctly.

In terms of impact, it's hard to say definitively without knowing all the details of your credit history. On one hand, having more accounts can lower your average age of accounts, but on the other hand, it can also increase your overall credit mix, which can potentially have a positive impact. The fact that you're debt-free and have paid off old collections is definitely a positive factor.

Regarding the difference in your credit scores, it's important to note that FICO and VantageScore are two different scoring models and they can weigh credit factors differently. Therefore, it's not uncommon to see disparities between these two scores.

In general, maintaining good credit behavior (paying bills on time, keeping credit utilization low, etc.) should eventually reflect positively on your credit score. If you are planning a major financial decision soon (like applying for a mortgage or auto loan), it may be worth consulting with a credit advisor to understand how these factors might impact your creditworthiness.
### Human
I've had a Discovercard for 6 years but I recently started getting rent reporting through my rent management portal (TenantCloud) and ever since they started reporting (1.2 + 2 months ago, just renewed lease) its completely tanked my average age of account from 6 years down to 2.5.

Also it shows up as a personal loan. Is this right? Is this actually causing a negative impact to my score or is this normal? As of today my report reflects being completely debt free and old collections paid off and my score didn't even move (666 FICO on Experian with some boost items, 743 on creditkarma with the VantageScore)

### Assistant
The average age of accounts (AAoA) is a significant factor in the calculation of your credit score. When a new account is added, especially one with a short history like your rent reporting, it can lower your AAoA and potentially impact your credit score. However, it's important to remember that AAoA is just one factor out of many that contribute to your credit score.

The fact that your rent is being reported as a personal loan might be due to how your rent management portal is reporting it. Typically, rent payments are not reported as loans but as regular payments. This could be something worth discussing with your rent management portal to ensure that it's being reported correctly.

In terms of impact, it's hard to say definitively without knowing all the details of your credit history. On one hand, having more accounts can lower your average age of accounts, but on the other hand, it can also increase your overall credit mix, which can potentially have a positive impact. The fact that you're debt-free and have paid off old collections is definitely a positive factor.

Regarding the difference in your credit scores, it's important to note that FICO and VantageScore are two different scoring models and they can weigh credit factors differently. Therefore, it's not uncommon to see disparities between these two scores.

In general, maintaining good credit behavior (paying bills on time, keeping credit utilization low, etc.) should eventually reflect positively on your credit score. If you are planning a major financial decision soon (like applying for a mortgage or auto loan), it may be worth consulting with a credit advisor to understand how these factors might impact your creditworthiness.<eos_token>