Credit Card Deletion

[Anonymous]

Good thread! I have a question. I have an Applied Card Bank card(formerly Cross Country Bank). It's 7 years old. My oldest in fact. It has 4 'baddies'(all 30 lates)The youngest baddies is 8 months old and the oldest is 2 years old.

I am going to close it soon. Like in the next 2 weeks.

When would be a good time to try to get it off my FICO records...if it's even possible.

[Anonymous]

I would see where your scores are at after 13 months of clean payments and make a calculated decision then.

Chances are it is helping more than hurting-

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@Anonymous wrote:
Good thread! I have a question. I have an Applied Card Bank card(formerly Cross Country Bank). It's 7 years old. My oldest in fact. It has 4 'baddies'(all 30 lates)The youngest baddies is 8 months old and the oldest is 2 years old.

I am going to close it soon. Like in the next 2 weeks.

When would be a good time to try to get it off my FICO records...if it's even possible.

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[Anonymous]

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Sylviatob wrote:
Good thread! I have a question. I have an Applied Card Bank card(formerly Cross Country Bank). It's 7 years old. My oldest in fact. It has 4 'baddies'(all 30 lates)The youngest baddies is 8 months old and the oldest is 2 years old.

I am going to close it soon. Like in the next 2 weeks.

When would be a good time to try to get it off my FICO records...if it's even possible.

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The length of the history on the card is probably doing more good than the baddies are damaging you. If the baddies (30 days) are 2 years old, they aren't hurting you much at all and are considered minor anyway. IMHO. leave the account since age is one of the most important factors.

[Anonymous]

Thanks Timothy. As I was 30 days late in paying, I'm at the default interest rate of 29.99%. Plus a monthly participation fee of $6.00. PLUS an AF of $49.00. Sure I can let it go dormant with a 0 balance on it. But I'd still be paying $121.00 a year just to have it and not use it. That's hard to justify, just to have the util, imo. Your thoughts?

[Anonymous]

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Sylviatob wrote:
Thanks Timothy. As I was 30 days late in paying, I'm at the default interest rate of 29.99%. Plus a monthly participation fee of $6.00. PLUS an AF of $49.00. Sure I can let it go dormant with a 0 balance on it. But I'd still be paying $121.00 a year just to have it and not use it. That's hard to justify, just to have the util, imo. Your thoughts?

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By all means close it just don't delete it.

[Anonymous]

Thanks Brammy. I was composing my response to Timothy when you commented. See my reply post back to Timothy. I'd like your opinion as well

[Anonymous]

Agreed.

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@Anonymous wrote:

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@Anonymous wrote:
Thanks Timothy. As I was 30 days late in paying, I'm at the default interest rate of 29.99%. Plus a monthly participation fee of $6.00. PLUS an AF of $49.00. Sure I can let it go dormant with a 0 balance on it. But I'd still be paying $121.00 a year just to have it and not use it. That's hard to justify, just to have the util, imo. Your thoughts?

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By all means close it just don't delete it.

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[Anonymous]

Many thanks you all. Another issue put to rest.

What a great forum this is.

[FantumGrey]

Good thread indeed!

I have an old Merrick Bank card (closed 2004-ish) that I went 120 days late on three years ago this month, and I've been contemplating whether or not to try and get it deleted. It's my worst baddie, and when I tried to GW, Merrick said my account was no longer in their system.

Any suggestions?

[Anonymous]

IMHO

Scores focus on the last 2 years-
If this is the only baddie you have- dispute it as never late or not mine.

If you have other lates- you will need to figure out based on Avg age and longest account open if it is hurting or helping you before thinking about disputing it.

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@FantumGrey wrote:
Good thread indeed!

I have an old Merrick Bank card (closed 2004-ish) that I went 120 days late on three years ago this month, and I've been contemplating whether or not to try and get it deleted. It's my worst baddie, and when I tried to GW, Merrick said my account was no longer in their system.

Any suggestions?

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