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New Contributor
Posts: 52
Registered: ‎09-20-2012
0

Accounts 7-10 years old in good standing on credit report

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?

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Posts: 13,249
Registered: ‎04-15-2011
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Re: Accounts 7-10 years old in good standing on credit report

Leave these be!!!!   They are positive accounts that are adding to your AAoA.   Deletion of these accounts would be detrimental to your scores. 



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New Contributor
Posts: 52
Registered: ‎09-20-2012
0

Re: Accounts 7-10 years old in good standing on credit report

Okay. Thanks Shogun! I appreciate your direction.

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