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Established Contributor
zerobacan
Posts: 726
Registered: ‎01-13-2013
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Good question for credit gurus about my strategy

[ Edited ]

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

 

 

 

 

Amex PRG NPSL, Amex Delta 2k (AU) Discover iT 5k, BOFA Siggy $5k, BOFA AlaskaAir Siggy 5k, BBVA Compass $5k! Macy's $4.5k, C1 $2.5, SFCU $2.5k, SFCU LOC $2k, Paypal SmartC $4k, Sam's 5.5k Victoria Secret $2k, Kay's $1.7k.,76/Citi $1.5k Amazon $5k, Walmart Disco $3k JC Penny $4k, C1 $2.5, BBRZ 700.
Starting:TU:536 EXP:561 : EQ:552 Current:TU:680 Walmart (2-15-14)EXP:712 FICO!! (12-4-13):EQ:622 (FICO 2-6-14) Uti 27% Goal: 720 By 12-13.
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DaveSignal
Posts: 2,096
Registered: ‎07-29-2011
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Re: Good question for credit gurus about my strategy

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.

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Valued Member
Blu3
Posts: 32
Registered: ‎04-29-2013
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Re: Good question for credit gurus about my strategy

[ Edited ]

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.

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NOV 2013 TU -739 EQ - 709 EX - 739
Established Contributor
zerobacan
Posts: 726
Registered: ‎01-13-2013
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Re: Good question for credit gurus about my strategy

I ve should worded my questions better.

 

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

 

Thanks

Amex PRG NPSL, Amex Delta 2k (AU) Discover iT 5k, BOFA Siggy $5k, BOFA AlaskaAir Siggy 5k, BBVA Compass $5k! Macy's $4.5k, C1 $2.5, SFCU $2.5k, SFCU LOC $2k, Paypal SmartC $4k, Sam's 5.5k Victoria Secret $2k, Kay's $1.7k.,76/Citi $1.5k Amazon $5k, Walmart Disco $3k JC Penny $4k, C1 $2.5, BBRZ 700.
Starting:TU:536 EXP:561 : EQ:552 Current:TU:680 Walmart (2-15-14)EXP:712 FICO!! (12-4-13):EQ:622 (FICO 2-6-14) Uti 27% Goal: 720 By 12-13.
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09Lexie
Posts: 25,387
Registered: ‎09-13-2012
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Re: Good question for credit gurus about my strategy

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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simi_go
Posts: 329
Registered: ‎04-01-2013
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Re: Good question for credit gurus about my strategy

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.
EX FICO - 556 9/8/14 TU FICO - 546 9/8/14 EQ FICO - 620 9/14/14
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Frequent Contributor
simi_go
Posts: 329
Registered: ‎04-01-2013
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Re: Good question for credit gurus about my strategy

But by the way getting it deleted won't be an easy task most likely.
EX FICO - 556 9/8/14 TU FICO - 546 9/8/14 EQ FICO - 620 9/14/14
BK Discharged 7/7/14

Credit One $300 $500
Capital One Quicksilver $300
Comenity/Motorola Credit $1,500
Established Contributor
zerobacan
Posts: 726
Registered: ‎01-13-2013
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Re: Good question for credit gurus about my strategy


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.

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

Amex PRG NPSL, Amex Delta 2k (AU) Discover iT 5k, BOFA Siggy $5k, BOFA AlaskaAir Siggy 5k, BBVA Compass $5k! Macy's $4.5k, C1 $2.5, SFCU $2.5k, SFCU LOC $2k, Paypal SmartC $4k, Sam's 5.5k Victoria Secret $2k, Kay's $1.7k.,76/Citi $1.5k Amazon $5k, Walmart Disco $3k JC Penny $4k, C1 $2.5, BBRZ 700.
Starting:TU:536 EXP:561 : EQ:552 Current:TU:680 Walmart (2-15-14)EXP:712 FICO!! (12-4-13):EQ:622 (FICO 2-6-14) Uti 27% Goal: 720 By 12-13.
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09Lexie
Posts: 25,387
Registered: ‎09-13-2012
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Re: Good question for credit gurus about my strategy

Established Contributor
zerobacan
Posts: 726
Registered: ‎01-13-2013
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Re: Good question for credit gurus about my strategy

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 :smileywink: as instead of being in the top ALL THE TIME!

Amex PRG NPSL, Amex Delta 2k (AU) Discover iT 5k, BOFA Siggy $5k, BOFA AlaskaAir Siggy 5k, BBVA Compass $5k! Macy's $4.5k, C1 $2.5, SFCU $2.5k, SFCU LOC $2k, Paypal SmartC $4k, Sam's 5.5k Victoria Secret $2k, Kay's $1.7k.,76/Citi $1.5k Amazon $5k, Walmart Disco $3k JC Penny $4k, C1 $2.5, BBRZ 700.
Starting:TU:536 EXP:561 : EQ:552 Current:TU:680 Walmart (2-15-14)EXP:712 FICO!! (12-4-13):EQ:622 (FICO 2-6-14) Uti 27% Goal: 720 By 12-13.

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