Reply
New Visitor
motomech10
Posts: 1
Registered: ‎08-26-2007
0

A few questions,

First, I have accounts which are 7+ years old which were paid in full and closed long ago which show up on a couple reports. Can and should I have these removed?  Or is it better to leave them on if they were in good standing? Or does it even matter one way or another? I always thought accounts older then 7 years were suppose to drop off automatically.

Next question, in my Trans Union report I have some tax liens which are showing up under “Public Record” from some property I once owned. (I was little late paying the town property taxes which got reported to Trans Union) Everything was always paid in full eventually, but each still shows the amount owed at the time. At the top of each one it does say “Release of tax lien.”  But I know this must really be holding my TU score down. My EQ &  EXP scores are 673 & 661. But the TU is only 570.  Will those “Public Records” ever be dropped automatically after a certain period of time? OR can I have them removed?

Thank You.

Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: A few questions,



motomech10 wrote:

First, I have accounts which are 7+ years old which were paid in full and closed long ago which show up on a couple reports. Can and should I have these removed?  Or is it better to leave them on if they were in good standing? Or does it even matter one way or another? I always thought accounts older then 7 years were suppose to drop off automatically.



I would leave them be.  Accounts drop off after 10 years closed, and while they are there they add age, whcih is good.  I am already preparing for the next decade when a whole bunch of my accounts go away.  Baddies drop off after 7-7.5 years
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}