Question about a Charge Off from OC

[Aduke1122]

Hey everyone I am down to my last couple of baddies one being a 135 dollar charge off from a gas company for a bill that I didn't know I even owed until I checked my reportsthe first of this year , anyways my question. Is that this is listed under Accounts on my reports , I opened the first account with them back in 01 then moved then reopened a new account last year , well when we moved I never got any final bills and my assuming my deposit covered it all , I know that was stupid of me but ...anyways if I pay to delete this will it take my Age of accounts down? Right now they are 14 yrs and 8 mths for the oldest which I can't figure out if it's that charge off account which makes it that age or my student loan . Are charge off accounts included in the age thing ?

[SunriseEarth]

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@Aduke1122 wrote:
Hey everyone I am down to my last couple of baddies one being a 135 dollar charge off from a gas company for a bill that I didn't know I even owed until I checked my reportsthe first of this year , anyways my question. Is that this is listed under Accounts on my reports , I opened the first account with them back in 01 then moved then reopened a new account last year , well when we moved I never got any final bills and my assuming my deposit covered it all , I know that was stupid of me but ...anyways if I pay to delete this will it take my Age of accounts down? Right now they are 14 yrs and 8 mths for the oldest which I can't figure out if it's that charge off account which makes it that age or my student loan . Are charge off accounts included in the age thing ?

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All accounts on your CRs factor into your AAoA.   So yes, a PFD could lower your AAoA, but you will get a boost from removal of negative reporting.  Bear in mind that 10% of your FICO score is based on AAoA, but 30% of your score is based on payment history.  So the positive of improved payment history should easily offset a drop in AAoA.

[RobertEG]

To add to what Sunrise Earth stated, you can request only that they delete the charge-off and other derogs, not the entire account.

Additionally, it is common after having taken a charge-off to either refer or sell to a debt collector, which will likely then add a collection to your report.

Getting the debt paid may prevent more damage in the form of a new collection.

[Aduke1122]

OK thanks guys I'll see what I can get done !

[RonM21]

Both are right on with their answers and I think the biggest matter of importance is it being a negative that you at the lesst, do not want reporting this way. I hope you have success getting this removed.

[Aduke1122]

Thanks I am trying to get them to agree to remove the negative marks