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New Contributor
Posts: 68
Registered: ‎01-31-2012
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Shorten my length of history worth getting a delinquent acct deleted?

Hello all,

 

I am considering requesting a delete on an account that is one oldest accounts listed.  It was a Chase credit card that went delinquent for several months.  I ended up paying it off, it never went to collection, but I feel its worth getting deleted.  Just wondering if the risk of lowering my AAoA is worth the delete.

 

Info:

 

Chase card opened 11/2005

best buy 3/2006 now in collections

student loans from 12/2005 Baddies now consolidated through the govt

wachovia  8/2005 charge off repo :smileyembarrassed:

 

good standing

 

Cap1 4/2007

target 4/2007

first premeire 5/2006 closed by me

 

My credit history is not so long to begin with but I thought deleting this might do more good than having it on there.

 

Any thoughts?


Starting Score: 604
Current Score: TU-632!-4/11/12
USAA CCMP:TU592 EQ574 EX592 UPDATED 3/19/12

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Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
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Re: Shorten my length of history worth getting a delinquent acct deleted?

 

How bad were the lates on this account ?  Were they worse than 30 or 60 days late ?    Also, what is your AAoA now,  is it around 5 years ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
New Contributor
Posts: 68
Registered: ‎01-31-2012
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Re: Shorten my length of history worth getting a delinquent acct deleted?

"How bad were the lates on this account ?  Were they worse than 30 or 60 days late ?    Also, what is your AAoA now,  is it around 5 years ?"

 

 

 

Hey thanks for the reply.  To answer your questions, It got as as bad as 120 days in order as this: [in consecutive months: (30,60,60,90,120,90)]

My AAoA is about 5.5 years.  I could not find the thread to get an exact or comprehensive AAoA so I just added all the years and months(converted those months to years) and then divided by my total accounts.  I got 5.45- 

 

 


Starting Score: 604
Current Score: TU-632!-4/11/12
USAA CCMP:TU592 EQ574 EX592 UPDATED 3/19/12

Goal Score: 720


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Epic Contributor
Posts: 20,883
Registered: ‎03-19-2007
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Re: Shorten my length of history worth getting a delinquent acct deleted?

[ Edited ]

Do the same calculation without the account, and compare.

AAoA is only part of a 15% scoring category.   Other criteria such as oldest TL and new credit are also included.

If this is also your oldest TL, that will also be affected.  So lenght of credit impact could be near 15% of your total weighting.

 

Payment history is 35%, so weighted much higher.  A 120 late is a major derog.  The big factor, in my mind, would be how long ago this delinquency occured.

If relatively recent, I would suspect that its deletion would offset the loss in length of credit, but that is speculative.  If old, then the lenght of credit impact might be more.

 

The bottom line is that account deletion is only at the perogative of the creditor.  What will be your stated reason for convincing them to delete prior, accurate reporting?

Why not request deletion of only the delinquency, and not of the entire TL?

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