03-21-2013 02:49 PM
So i have a repo from 3 years ago that has a $0 balance and I want the repo removed but now that i think about it, will it hurt my score if it's removed since the balance is at $0? Maybe they could just mark it as closed instead of a big fat "REPO". what are your thoughts?
03-21-2013 03:08 PM
I had 2 of them, both IIB with 0 balance, but both have been removed from my CR and I don't think it did much to my score, but much more important (to me anyway) its off my report and not reporting anymore.
03-21-2013 03:10 PM
It really depends on your objective. If your goal is to have a higher score, it could lower it if its one of your oldest accounts. If your focused on a clean report, then by all means get it removed. A 3 year old repo is most likely having a heavy impact on your score and from my experience, its easier to get them to delete a trade line like that than to change the information to report more positively. It really would come down to what else is on your report and their ages, but personally I cant see much of a benefit of keeping a repo on there. As others on here have said, have a clean report and scores will follow.