Finance account,,, Should I leave it alone?

Anonymous · ‎07-10-2007

Have a tradeline from Rome Finance, opened in 2001. Never late. Account classification on the big 3 are as check, line of credit. On my-fico it has revolving charge. I have heard tls from finance companys can hurt your score. This has perfect history, paid in full, last payment in 2004. Should I try and have this removed or leave it alone? I don't want to lose the age or perfect history but is it hurting me???

Message Edited by sunmaiden on 07-10-2007 03:51 PM

Anonymous · ‎07-10-2007

BTW, Tu has it as closed, EX and EQ has it has open.

fused · ‎07-10-2007

sunmaiden wrote:
Have a tradeline from Rome Fiance, opened in 2001. Never late. Account classification on the big 3 are as check, line of credit. On my-fico it has revolving charge. I have heard tls from finance companys can hurt your score. This has perfect history, paid in full, last payment in 2004. Should I try and have this removed or leave it alone? I don't want to lose the age or perfect history but is it hurting me???

Ok edit time. I did a google search and found their website. I believe this TL is a CFL (consumer finance loan). Since it's in good standing, I wouldn't even consider disputing as inaccurate especially if it's not adversely effecting your scores. Even if you dispute, I'm not so sure your scores will improve anyway. Prime loans look and score better but take what you can get, it's better than nada.

What is important here is the TL is positive rather it's open or closed.

Message Edited by fused111 on 07-10-2007 12:17 PM

Anonymous · ‎07-10-2007

Thanks for the reply fused111. I did dispute it thru TU as it should be open and they deleted entire tl and when I called their special number I got it reserted (within one day) , it still shows closed on TU. When Tu did drop it, my fakos drop 60 points and when they reserted it, I got those 60 fakos back. I was wondering about Fico. I think I'll leave it alone.

Message Edited by sunmaiden on 07-10-2007 03:51 PM

Anonymous · ‎07-10-2007

@Anonymous wrote:
Thanks for the reply fused111. I did dispute it thru TU as it should be open and they deleted entire tl and when I called their special number I got it reserted (within one day) , it still shows closed on TU. When Tu did drop it, my fakos drop 60 points and when they reserted it, I got those 60 fakos back. I was wondering about Fico. I think I'll leave it alone.

Message Edited by sunmaiden on 07-10-2007 03:51 PM

Do you mind msg me that special number. I've heard of it.