10-17-2012 09:03 PM
I'm not sure what is myth versus fact. I have 7 Wells Fargo accounts that are 7-10 years old (from last pay date). They had a local branch and I was abusing them regularly for quick signature loans. I have another four accounts with other lenders that are 7-10 years (also from last pay date). They are comprised of an auto loan, mortgage that was refi'd and revolving. I've heard that signature loan places like Wells Fargo actually gets scored more negatively. I also understand that your credit scores are comprised of your activity for the last two years. Do any of you experts see any problem with me requesting the credit bureaus remove these from my report now? I know they will eventually fall off, but I think a major reduction in Wells Fargo account from my credit report would be beneficial to anyone doing a visual audit. Feedback?
10-17-2012 09:09 PM
Leave these be!!!! They are positive accounts that are adding to your AAoA. Deletion of these accounts would be detrimental to your scores.