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So, when I started this journey to good credit, I basically wanted any card that I could get my hands on. I now have a $15,000 card, a $1,000 card and a tradeline that shows me as an authorized user for the past 5 years for about an $8,000 card. Now, my issue is, I also have another 4-5 cards that are less than 6 months old and a few of them are even secured(without the ability to unsecure them no matter how long I may keep them). With these cards in good standing and have neve been late(really, never even been used) is there any way to get them closed and removed from my credit reports completely so that they don't have such a huge negative impact on my AAoC?
@Teo wrote:
Since your 4-5 less desirable cards are 6 months old or less, if it were me, I'd just close the ones that won't grow with you or that you consider "trash cards." Even if closing them negatively affects your score, it shouldn't for long because of your 5 year history and the other (presumably not trash?) cards.
even closed, it will stil show the cards as having been opened and will still lower my AAoC, right?
They will continue to be included in your AAoA calculation under FICO, and you will lose the credit limit as part of the denominator in your combined % util calculation.
No real FICO scoring benefit unless you can get the creditor to delete the account in total.
@RobertEG wrote:They will continue to be included in your AAoA calculation under FICO, and you will lose the credit limit as part of the denominator in your combined % util calculation.
No real FICO scoring benefit unless you can get the creditor to delete the account in total.
for those who have never had an issues with the creditors, no lates or anything. is it plausable and feasible to close out an account with the promise that they also delete the account from the credit reports? or do they pretty much stick to their guns and leave them on their regardless of how good your relationship is/was
They would more than likely leave them on your reports.
@Anonymous wrote:
@RobertEG wrote:They will continue to be included in your AAoA calculation under FICO, and you will lose the credit limit as part of the denominator in your combined % util calculation.
No real FICO scoring benefit unless you can get the creditor to delete the account in total.
for those who have never had an issues with the creditors, no lates or anything. is it plausable and feasible to close out an account with the promise that they also delete the account from the credit reports? or do they pretty much stick to their guns and leave them on their regardless of how good your relationship is/was