Does a "late" from 5 yrs ago still hurt if bk7 too?

[pizza1]

Question....hi everyone 

just wondering, I'm rebuilding from my BK7 that was discharged in August. I've been mainly concentrating on the accounts that were IIB.  recently I gave that a break and as I was looking thru my reports, I came across a few 30 day lates from like 5 yrs ago on a credit card that has been closed for that long as well. This account is listed as a good account, paid as agreed, no balance , and closed. 

Is it impacting my score at allay this point in the game, since I've got the worst thing reporting now(bk),  should I GW this, or leave it?

[09Lexie]

Generally, 30 day lates are not as bad ESP that old.  There's nothing wrong with trying to GW the late -just make sure you keep the TL 

[pizza1]

@ lexie....

That's what I'm worried about! I don't want to lose the good tradeline! I think the only thing right balancing out my scores somewhat ( I have 16 derogs from bk showing) is the fact I have 12 closed accounts all in good standing and $0 balance. Some are due to fall off as early as 2015, - 2022.

All my bk derogs will fall off in less 6 yrs, and will that happens ill just have the bk in public records, and everything else will be good accounts whether closed or open.

[09Lexie]

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@pizza1 wrote:
@ lexie....

That's what I'm worried about! I don't want to lose the good tradeline! I think the only thing right balancing out my scores somewhat ( I have 16 derogs from bk showing) is the fact I have 12 closed accounts all in good standing and $0 balance. Some are due to fall off as early as 2015, - 2022.

All my bk derogs will fall off in less 6 yrs, and will that happens ill just have the bk in public records, and everything else will be good accounts whether closed or open.

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IMO, I wouldn't take the chance of losing the TL. Last thing you need is them to GW it right off your CR's.