PFD-Deletions

[dznen1]

I have a question.  I have a voluntary repo that is falling off my cr's next month, i have 3-4 others that have come off my cr in the past month because of the 7-7.5 year period. The repo is the oldest showing right now.  Will this hurt me, credit score wise, when these are removed? This will make my credit file a lot slimmer as this occurs, right?

If I pfd, that can hurt also, right?  

I'm jut trying to get a better understanding. I do have a mortgage. 

[guiness56]

If it is your oldest account you will lose some points due to losing AAoA.  But, you may gain points because a major derogatory has been removed.  It could be an even break and your score does not go up or down.

PFDing would produce the same thing.  When the account is removed, either through PFD or falling off, you will lose AAoA, but gain because of a major derogatory being removed.  Your utilization will also drop because the balance will no longer play into it.  You may get points for that.

[dznen1]

I would rather have less baddies than the AAoA, as this point.  I hope to get a Public Savings Card to help to start to rebuild after I have gotten some good results from pfd'ing and deletions of old accounts.

Thanks so much 

[poet]

Don't PFD if you can't pay in full. Otherwise, you're setting yourself up for big trouble.

[dznen1]

Yes, I know from reading these forum posts, to make sure I can pay in full and getting in writing their agreement to delete when paid.

Thanks for the reminder, though.