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Regular Contributor
StartingSlow
Posts: 184
Registered: ‎03-03-2008
0

Does Re-aging Affect Length of Credit History?

If I request a re age on my Capital One card (my oldest cc), does that affect the history of that card?  In other words, will it show on my credit report as being a new cc and I lose that length of time?

 

Also, what accounts will creditors typically re age?  CCs, student loans (Direct Loans), Wachovia auto loan?  I looked around, but can't find this exact information anywhere else on the site.  

 

Thanks!

August 6, 2008 EQ- 428 EX- 440 TU- 471
December 9, 2008 EQ- 501 EX- 503 TU- 513
March 16,2009 EQ- 554 EX- 565(FAKO) TU- 575
April 17, 2009 EQ- 570 EX- ??? TU- 565
August 13, 2009 EQ-622 EX-??? TU-627
LOAN OFFICER SCORES August 17, 2009 EQ-622 EX-652 TU-640
Established Contributor
MsKiwi
Posts: 832
Registered: ‎03-20-2008
0

Re: Does Re-aging Affect Length of Credit History?


StartingSlow wrote:

If I request a re age on my Capital One card (my oldest cc), does that affect the history of that card?  In other words, will it show on my credit report as being a new cc and I lose that length of time?

 

Also, what accounts will creditors typically re age?  CCs, student loans (Direct Loans), Wachovia auto loan?  I looked around, but can't find this exact information anywhere else on the site.  

 

Thanks!


 

I'm not sure I understand. Why do you want your oldest cc to re age? Re age to what? A more recent date? You DO NOT want a cc to report as being new as your this would affect your average age of accounts. A long history is helping, not hurting you.

 

Are these closed or open accounts you are referring to? Creditors shouldn't reage accounts at least they are not supposed to do this. Maybe I'm not understanding what you are asking.

 

 

Regular Contributor
StartingSlow
Posts: 184
Registered: ‎03-03-2008
0

Re: Does Re-aging Affect Length of Credit History?

I forgot to include why I want a re age.  I have several late payments in this credit card over the last few years.  I have been perfect since August, and in fact, don't owe any money on this card right now.

 

I was stupid in the past and I am trying to clean everything up.  I would like to erase the negs on this card and was wondering if a re-age will do it.  I have 4 30 days, 2 60s and 2 90s on this card.  The latest 90 was August 08, at which point I paid it off and have been good since then.

August 6, 2008 EQ- 428 EX- 440 TU- 471
December 9, 2008 EQ- 501 EX- 503 TU- 513
March 16,2009 EQ- 554 EX- 565(FAKO) TU- 575
April 17, 2009 EQ- 570 EX- ??? TU- 565
August 13, 2009 EQ-622 EX-??? TU-627
LOAN OFFICER SCORES August 17, 2009 EQ-622 EX-652 TU-640
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Does Re-aging Affect Length of Credit History?


StartingSlow wrote:

I forgot to include why I want a re age.  I have several late payments in this credit card over the last few years.  I have been perfect since August, and in fact, don't owe any money on this card right now.

 

I was stupid in the past and I am trying to clean everything up.  I would like to erase the negs on this card and was wondering if a re-age will do it.  I have 4 30 days, 2 60s and 2 90s on this card.  The latest 90 was August 08, at which point I paid it off and have been good since then.


 

That is not re-aging. What you are describing to do is GWing. Re-aging is a very bad thing done by some unscrupulous CAs, usually, who will alter the DOFD to extend the SOL and/or CRTP.

 

Yes, you can GW this account and with some luck get those baddies removed which will likely help your score.

Established Contributor
MsKiwi
Posts: 832
Registered: ‎03-20-2008
0

Re: Does Re-aging Affect Length of Credit History?


StartingSlow wrote:

I forgot to include why I want a re age.  I have several late payments in this credit card over the last few years.  I have been perfect since August, and in fact, don't owe any money on this card right now.

 

I was stupid in the past and I am trying to clean everything up.  I would like to erase the negs on this card and was wondering if a re-age will do it.  I have 4 30 days, 2 60s and 2 90s on this card.  The latest 90 was August 08, at which point I paid it off and have been good since then.


Ok. Even if you could possibly get this as a new account (which you can't) , the lates will still be on your cr. You would have to good will those off. If all of those lates are for that card, it might just be about impossible to get them ALL removed. I would try to at least get the 90 & 60 day lates off. Those are killers. You can always try good willing those. It can't hurt.


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