Hi all. I've followed some of the boards here, and learned much, but never posted a question. I was hoping to get some advice as what I should do - if anything. In the fall 2003, I was younger and working an hourly job. I fell behind on a BoA credit card for several months, as my employer had to cut payroll, and I was reduced to either quitting or working 1 day a week from full time. BoA called, I explained my job situation, and the representative said I either needed to bring my account current, or I could close my account and pay it off under the same terms. I chose to close my account and paid it off over the next several years. I wasn't on any kind of settlement plan or anything, just made more than the minimum payments. Since then, I've tried to rebuild my credit, and have a perfect payment history. I've been wanting to apply to a credit union and apply for a separate AMEX card. I pulled my credit report the other day and noticed that though my account status for the BoA card is listed as: Paid or Paying as Agreed, they added a note that states: Account closed at credit grantor's request.
- am I reading the note correctly to mean that BoA closed the account? I understood the BoA representative to mean that I was closing the account, so is this note incorrect or is this how my account closing would be listed on a credit report? If this is indeed inaccurate, should I challenge it?
- am I correct in understanding that since I finished paying on the credit card after it closed in 2003, that it'll continue to report past 2010?
- am I correct in understanding that note doesn't affect my credit score?
- I would like to send BoA a goodwill letter asking them to change the note on the account and also ask if they would remove the listed late payments. I know that predicting a bank's behavior these days is impossible, but would it be worth an attempt given that these events are 6 years old? Would BoA even consider such a request, given the time frame? Could this backfire and hurt me now?
Thanks in advance for any help!
