Older GOOD credit lines removed skewing age of credit....

[nightspd1]

I declared BK in 11/07 and was discharged in 04/11.  It's scheduled to completely drop off my credit reports this month (1 already has from 1 agency), but I had a question about older lines of credit.

Some of the older items on my credit, including a car loan i paid off completely w/o ever missing a payment, my initial mortgage and some other lines that I never had a problem with, apparently rolled off my credit.  Now, from my understanding, it's at the discretion of the credit issuer, however I'm assuming this affects the age of my credit, and as a result lowers my FICO score as most of my accounts on my credit history are all within the last 2 years.  

Is this normal practice, or should those items NOT have rolled off.  And if so, should I or CAN I, get them put back on there?  I have older credit reports I've saved that reflect this information, but I'm not sure what the correct move is here?

Thanks for the help, this forum as truly educated me!

-Chris

[CAnNY]

I know you didn't ask but it sounds like you had a bk13 since your discharge is years after your filing. If this is the case a bk13 remains for 7-71/2 years on your reports. It may fall a month or two prior but it legally should remain 7 yrs unlike bk7 that reports 10yrs. Based on your post you filed 11/07 if so then yours won't fall until 11/2014 unless that was a typo on your part.

Anything that has been paid in full and has been removed is gone for good. There is no way to get them back unfortunately. Yes your AAOA will be affected. AAOA is just a portion of your score that will come back with time.

Sounds like you still have 2yrs under your belt, so if you have a good mix your scores should rise just fine.

Others will chime in with other advice soon.

Best of luck!

[nightspd1]

Yes i'm sorry, fat fingered that, it was 11/06 and a chapter 13 BK

But yeah that kind of sucks about items that have rolled off my credit.  

Thanks for the help.

[CAnNY]

Oh ok. Cool. Yeah my bk13 was due to fall in Oct but fell off in August and one actually was removed with the help of a credit repair company in May. Surprised yours are still hanging on. Well, the wait is almost over. My scores didn't go up when mines came off but maybe yours will.

[Scupra]

Hey, on the bright side congratulations that your BK is due to fall off your reports soon! Bet that feels awesome!!

[guiness56]

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@nightspd1 wrote:

I declared BK in 11/07 and was discharged in 04/11.  It's scheduled to completely drop off my credit reports this month (1 already has from 1 agency), but I had a question about older lines of credit.

Some of the older items on my credit, including a car loan i paid off completely w/o ever missing a payment, my initial mortgage and some other lines that I never had a problem with, apparently rolled off my credit.  Now, from my understanding, it's at the discretion of the credit issuer, however I'm assuming this affects the age of my credit, and as a result lowers my FICO score as most of my accounts on my credit history are all within the last 2 years.  

Is this normal practice, or should those items NOT have rolled off.  And if so, should I or CAN I, get them put back on there?  I have older credit reports I've saved that reflect this information, but I'm not sure what the correct move is here?

Thanks for the help, this forum as truly educated me!

-Chris

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Were these accounts closed?  If so, positive accounts that are closed can stay for up to 10 years (+/-) from the closed date.

It isn't the creditor that purges these accounts, rather the CRA.  And yes, unfortunately, it will affect your AAoA.