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Regular Contributor
Posts: 130
Registered: ‎03-25-2008
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please help

[ Edited ]
  ON MY CREDIT REPORT I HAVE AN ACCOUNT WITH BOFA THAT ACCOUNT IS NO MINE BOFA
REPORT IT FOR TWO MONTHS AND I GUESS THEY FIGURE OUT THAT THEY WERE REPORTING TO THE WRONG PERSON AND STOP. THE ACCOUNT IS PAID ON TIME BUT IT HAS A HIGH BALANCE BUT  THE ACCOUNT IS 4 YEARS OLD THAT MAKE IT THE OLDEST ACCOUNT ON MY REPORT.
WHAT SHOULD I DO CALL BOFA TO REMOVE IT OR JUST LEAVE IT THERE. IF I REMOVE IT I WILL LOSE THE AGE BUT IT ALSO HAD A HIGH BALANCE WHEN THEY STOP REPORTING LIKE 95% UTI. WHAT WILL BE BETTER FOR MY SCORE .
 
Edit by cheddar to remove empty post.
 


Message Edited by cheddar on 06-21-2008 01:08 PM

Message Edited by carlos1102 on 06-21-2008 01:09 PM
Regular Contributor
Posts: 130
Registered: ‎03-25-2008
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Re: please help

THANKS CHEDDAR
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
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Re: please help

Definitely dispute it.

Who's to say that the owner won't re-open it and then rack up a late. Besides, 95% utilization is the kiss of death...if that's your only revolving account that can do you 60 to 80 points of damage.
- - - -
in a credit-scoring postnuclear Stone Age...
Regular Contributor
Posts: 130
Registered: ‎03-25-2008
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Re: please help

What is best to lower the util. Or keep the age on that account.
Valued Member
Posts: 75
Registered: ‎08-01-2007
0

Re: please help

dispute it off, u dont' need anything to come back on you later!
PhotobucketEX FROZEN
Regular Contributor
Posts: 157
Registered: ‎05-01-2008
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Re: please help

It's always better to be proactive then reactive. Smiley Indifferent Anyway , dispute it now instead of trying to dispute it later when it causes you to get denied.
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Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
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Re: please help



TheNewWorldMan wrote:
Definitely dispute it.

Who's to say that the owner won't re-open it and then rack up a late. Besides, 95% utilization is the kiss of death...if that's your only revolving account that can do you 60 to 80 points of damage.




I agree completely.
Here we go again...
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