Good question for credit gurus about my strategy

[zerobacan]

I have a Capital One card since 2006 which makes it my oldest acc with a 750 CL now about to sit in a 0 balance.

this is my only TL that has baddies on it 2-30 days and 1- 60days late, from Sept, Oct, Nov 2011

Will closing this account make my CR look better in a MANUAL REVIEW?

as a closed by me, bad acc with a 0 balance?

or it will not matter at all?

I dont mind the AAoA as I know it will be in my CR for 10 years.

and it will not hurt utilization at all

Thanks

[DaveSignal]

If you are asking them to delete, its not 100% that you will keep your AAoA, they could just delete the account.

So I guess it depends on how many other accounts you have and whether you have worse status on any other accounts.  If you have other accounts and this is the worst, then absolutely try gw.  good luck.

[Blu3]

Its pointless because the baddies will just go away in 2018 regardless of whether or not you close the account or not. So just keep it open and let that bad boy continue to age. BTW if you did close it you would keep your AAOA, because close and open accounts age the same atleast until the closed account falls off after ten years.

[zerobacan]

I ve should worded my questions better.

will it look better in a manual review to show as open or closed by me

Thanks

[09Lexie]

Whether its closed or not on manual review the derogs will still be seen. Closing it is up to you but if you are asking if somehow the effect is lessened cause its closed, the answer is no.

[simi_go]

They are going to see the latest either way unless you close the account and request that it be deleted. If it gets deleted your AAoA takes a hit. If you close it and don't delete then it would be the same as leaving it open and waiting for the lates to age. Personally I would leave it open and GW the heck out of them until they get the message and remove the lates. Or close the account and request it be deleted.

[simi_go]

But by the way getting it deleted won't be an easy task most likely.

[zerobacan]

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@09Lexie wrote:
Whether its closed or not on manual review the derogs will still be seen. Closing it is up to you but if you are asking if somehow the effect is lessened cause its closed, the answer is no.

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Thanks Lexie....Im trying to keep my self busy in my second week of gardening....

[09Lexie]

I understand. Is it time for GE luv?

[zerobacan]

I GW like 3 times, till they said, no no no...I never thought of closing it and ask for it to be deleted... it will probably wont work either...

My thought was based in that closed acc show in the botton of my CR... maybe an underwriter will miss it as instead of being in the top ALL THE TIME!