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So I have 4 or 5 negative accounts on my history with DofD approaching 7 years. All of these accounts have been settled for less than the full balance and closed as of 2 years ago. I need a 20pt increase in my score in order to get a loan ASAP. Is there anything I can do with these accounts that would be beneficial? I've tried goodwill letters with no success...should I keep trying those or is there a way to offer payment in exchange for deletion at this point?
One this month, then October of this year and February of next.
If they are OC accounts, then only their reporting of derogs, such as a charge-off or collection referral no later than 7 years plus 180 days from DOFD.
The CRA does not delete the accounts based on expiration of credit report exclusion periods for derogs reported under the account.
Have you previously requested deletion of only the derogs, or were your requests for their deletion of the entire account?
If to date you have only requsted deletion of derogs, they might be more willing to delete the entire account. That relieves them of any need for possible updates or need to address any possible disputes over info still reported in the file. They can mothball the account.
You would lose its age in your AAoA calculation, but gain in earlier deletion of all reported derogs......