whats my next move?

[superdad]

Ok so i disputed this account because it wasnt reporting correctly, it showed a balance which was killing my debt ratio.  Now it was updated to paid/closed with a 0 balance.  My question is, when should this drop off?

Account Number:	10011045001XXXX	Status:	PAYS AS AGREED
Account Owner:	Individual Account.	High Credit:	$0
Type of Account :	Installment	Credit Limit:
Term Duration:		Terms Frequency:
Date Opened:	01/01/2007	Balance:	$0
Date Reported:	12/19/2014	Amount Past Due:
Date of Last Payment:	03/2008	Actual Payment Amount:
Scheduled Payment Amount:		Date of Last Activity:	09/2007
Date Major Delinquency First Reported:		Months Reviewed:	11
Creditor Classification:		Activity Designator:	Paid and Closed
Charge Off Amount:		Deferred Payment Start Date:
Balloon Payment Amount:		Balloon Payment Date:
Date Closed:	03/2008	Type of Loan:	Auto
Date of First Delinquency:	N/A

[RobertEG]

It's a paid and closed installment loan that does not show any reported derogs.

Thus, I see nothing requiring a next move.

It has no "drop off" date under the FCRA.

The CRAs have an internal administrative policy of deletion of closed accounts at approx. 10 years after date of closing, but that is not statutory, and can occur as early as approx 7 years, and could extend indefinately.

[Anonymous]

You can try sending a good will letter to have them remove it from your report if you feel it has a negative impact.

And by your username, I'm hoping there's no NJ.

[gdale6]

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@Anonymous wrote:
You can try sending a good will letter to have them remove it from your report if you feel it has a negative impact.

And by your username, I'm hoping there's no NJ.

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There is no negative impact to the way it is currently reporting and to ask that it be removed would hit the OP by lowering the AAoA of his/her accounts, this is a good paid off account that has 7 years plus of age on it and will remain on file for up to 3 more years.