Bank of America

[elm84]

I have a bank of america card my first one from when I was 18. It is reporting like this  ( See below) When I do my credit monitoring it says AoOA is 10 years. The reason it says it was updated is because for some reason this card was still showing in online account and in transferring money to Savings I transferred money to the card it took a week to get it back. I am going to good will the lates I have from 2007 and 800 but the card is paid off and closed Is this normal.

BANK OF AMERICA  #402411300235****

PO BOX 982238 EL PASO, TX 79998-2238

Date Opened: 11/13/2003 Responsibility: Individual Account Account Type: Revolving Account Loan Type: CREDIT CARD

Balance: $0 Date Updated: 05/21/2012 Payment Received: $200 Last Payment Made: 05/10/2012 High Balance: $1,015 Credit Limit: $700

Pay Status: Current; Paid or Paying as Agreed Terms: Paid Monthly Date Closed: 06/16/2008 Date Paid: 05/10/2012 >Maximum Delinquency of 90 days in 12/2007 and in 06/2008<

[myjourney]

Looks normal to me 

Start the GW's and good luck 

[elm84]

If it is closed though why is it my oldest account?

[azguy13]

Because closed accounts are factored into your AAoA for up to 10 years after closing. 

[elm84]

So it will fall off this year? So should I even worry about the GW or is it 7 years from the messed up payment which was 2012 My main thing is it is reporting Current Pays as agreed when it is Paid in full and Closed .. It is showing Neg on my report

[Shogun]

Actually, it was never a CO, so the account won't just fall off.  The lates themselves are the negative factor here.  Each one of those carries their own CRTP of 7 years from the date they occurred.  After they fall off, the account will go positive and stay for 10 years from the date it was closed.

[elm84]

Okay so just GW here and it will reflect Positive once they are removed okay thanks!