BOA Credit Card - Weird Situation

[Jutz]

I opened a BOA Card in 08, 1 year after opening my first Platinum/Student Card with them.  Obviously I wouldn't be here if I had used it like a responsible adult, so I had a checkered history with it.  In mid 2010 (I believe) it was closed by BOA, but the account was left open for me to pay on with all the same rules as a normal CC account, except of course, the ability to spend on it.  I made smaller payments, some late, and was generally an idiot, until earlier this year when I woke up and paid it off over the course of the last 5 months.

Here is the payment history:

30 days late: 4 times (Jan 2012, Mar 2011, Oct 2010)

60 days late: 1 time

90+ days late: 1 time (Jan 2010)

My question:  Now that it is officially paid off and can be considered squared up, what do I do with it?  It is listed as "Pays as Agreed", which actually was changed a few months ago from "Pays Late" or whatever the line is for it.  Does this still factor into my AAoA as a closed account?  If it does, is it worth letting those poor payments fade out and let the AAoA help?  It's my second oldest account.  Do I GW it and try to have them remove the account entirely?

[Shogun]

Have you looked at the payment information of that account?  It probably has a bunch of lates.  Each one of those lates has it's own 7 years CRTP, meaning they will fall off 7 years from their reported dates.  If there are 90s or above, these are major derogs and will hurt your score until they fall off. 

[Jutz]

The payment history listed is for that account.  The 90+ late is what caused it to get closed in 2010.  So yes, there is a major derog there.  Is it safe to assume this card is going to be hurting me for the next 7 years?  After 2 years is that 90+ still hitting me for a decent number of points?

[Shogun]

You bet it is.  a 90 day is a major derog., it would serve you better if you could get the TL deleted, however I've heard BOA is a pain in the >>, well you know where.

[Jutz]

Yeah BOA does not sound like the easiest place to work with on GW.  The only good thing I have on my side is I didn't let it charge off or go to collection.  I paid them god only knows how much in interest over the 5 years I've been paying on it.

[Jutz]

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@Shogun wrote:

You bet it is.  a 90 day is a major derog., it would serve you better if you could get the TL deleted, however I've heard BOA is a pain in the >>, well you know where.

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I'm sorry I want to make sure I understand.  Do you suggest trying to have the entire account deleted, or just the TL from the derog?  Obviously it sounds like best case would be just the derog TL?

[Shogun]

Delete the entire TL, start anew.  I don't see them cleaning up enough to really do any good, however strange things like that have happened.   I had a Discover account that was a complete mess.  It had lates all over the thing, after about 20 GW letters, I was left with one late that was 4 years old.  So I just let that go, it's got about a year and it'll be gone.  The account is closed but will stay on another 5 years and it's from 1991 so it's adding to my AAoA.