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Oldest credit account has red flag on fico

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Anonymous
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Oldest credit account has red flag on fico

Hello I have a Daniels jewelry card on my fico, it's my oldest account so I am keeping it open. My only issue is it has one 60 day past due on it which shows as a red flag on my fico report. Is there anything I can do about this? Or does it not matter since it was from a few years ago? Thank you in advance!
Message 1 of 5
4 REPLIES 4
Familywantsahouse
Frequent Contributor

Re: Oldest credit account has red flag on fico

You can send them a GW (goodwill) letter.

 

There are examples online, but basically I'd say.

 

I am contacting you in regards to the above account number. I've been a longstanding customer in good standing. In blah blah blah month of blah blah blah year, there was an oversight on my part and I paid my bill late for blah blah blah made up reason. This is being reported to my credit report and hurting my credit score. As an act of good will, would you be willing to delete this late payment from my file? I look forward to a long continued relationship with blah blah blah company and have made every effort to pay my bill on time in XYZ time since I've had the account and I truly apologize for this oversight. Thank you in advance for your consideration.

 

Sincerely,

ME

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15
Message 2 of 5
Terrie1977
New Contributor

Re: Oldest credit account has red flag on fico

+1Smiley Wink

Current Score : 625 FICO 03/07/2012
05/11/2012 641 FICO
06/03/2012 671 FICO
06/18/2012 678 FICO
Message 3 of 5
FrugalRican
Blogger

Re: Oldest credit account has red flag on fico

Anything you can do to remove blemishes that could be tarnishing your credit report... matters.

Send a GW or give them a call, see if they can remove it since it's an open account reporting mostly positive payments on time.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 4 of 5
pizzadude
Credit Mentor

Re: Oldest credit account has red flag on fico

 

Even if you can't get it removed, it will drop at 7 years from the date it occurred, at which point the "red flag" will go away and the account will appear positive.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 5 of 5
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