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Established Contributor
Posts: 716
Registered: ‎06-03-2007
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Keeping a good TL from aging off

[ Edited ]
We all want the baddies to disappear but what about the golden TLs on our CRs?
 
Can't have our cake & eat it too, can we?
 
I have a very good account, an auto loan for $20k, no lates, that will age off my report in a few months.
 
Due to it's age I guess it doesn't contribute much to my score (?), but I sure like seeing it on my CR.
 
So,  is there any way of keeping it alive?
 
Thanks-


Message Edited by Anderson on 07-21-2007 07:37 PM
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: Keeping a good TL from aging off



Anderson wrote:
We all want the baddies to disappear but what about the golden TLs on our CRs?
 
Can't have our cake & eat it too, can we?
 
I have a very good account, an auto loan for $20k, no lates, that will age off my report in a few months.
 
Due to it's age I guess it doesn't contribute much to my score (?), but I sure like seeing it on my CR.
 
So,  is there any way of keeping it alive?
 
Thanks-


Message Edited by Anderson on 07-21-2007 07:37 PM

Actually, any closed positive TL reporting helps your scores, just as open positive ones do. I can't think of anything you can do to prevent it from falling off though. Maybe you can ask the lender to keep reporting it but it would be a long shot!
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Established Contributor
Posts: 716
Registered: ‎06-03-2007
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Re: Keeping a good TL from aging off

Aha! a GW in reverse? Thoughts anyone?

fused111 wrote:
 
Actually, any closed positive TL reporting helps your scores, just as open positive ones do. I can't think of anything you can do to prevent it from falling off though. Maybe you can ask the lender to keep reporting it but it would be a long shot!



Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: Keeping a good TL from aging off



Anderson wrote:
Aha! a GW in reverse? Thoughts anyone?

fused111 wrote:
 
Actually, any closed positive TL reporting helps your scores, just as open positive ones do. I can't think of anything you can do to prevent it from falling off though. Maybe you can ask the lender to keep reporting it but it would be a long shot!


Hmmm! Well it's a novel idea. I'll see if I can dig up something and get back with you.



Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Established Contributor
Posts: 905
Registered: ‎05-09-2007
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Re: Keeping a good TL from aging off

Not much you can do here.. But if you have other TLs with similar Hx you shouldn't take a hit.
 
Rob
Established Contributor
Posts: 716
Registered: ‎06-03-2007
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Re: Keeping a good TL from aging off

I've got other TLs with perfect histories, but not the age. When this drops off my average age will take a big hit.
 
Also- This is the only automobile loan on my CR. If I need to get an auto loan there will be no prior auto history on record (or is there a special report available to auto lenders that will continue to show this?).
 
Thx 

FICO_Focused wrote:
Not much you can do here.. But if you have other TLs with similar Hx you shouldn't take a hit.
 
Rob



Established Member
Posts: 19
Registered: ‎05-14-2007
0

Re: Keeping a good TL from aging off

Well, how's this for an absurd thought?:
 
Send them a small payment and see if they update the date of last activity.  I highly doubt it, but I'd be curiuos to see what they do.  OR the reverse GW letter might work, though I doubt it.
 
I'm betting they don't even had it in your system anymore.
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: Keeping a good TL from aging off

[ Edited ]


barderspond wrote:
Well, how's this for an absurd thought?:
 
Send them a small payment and see if they update the date of last activity.  I highly doubt it, but I'd be curiuos to see what they do.  OR the reverse GW letter might work, though I doubt it.
 
I'm betting they don't even had it in your system anymore.


Give em money, good idea!Smiley Tongue Problem is, they will be labeled as a consumer prostitute like me!Smiley Tongue


Message Edited by fused111 on 07-23-2007 12:13 PM
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0

Re: Keeping a good TL from aging off



fused111 wrote:
 
Give em money, good idea!Smiley Tongue Problem is, they will be labeled as a consumer whore like me!Smiley Tongue


Call it a Brittany (Spears). Ooops, I did it again. Musta been the word consumer that made me think of her.
Established Contributor
Posts: 716
Registered: ‎06-03-2007
0

Re: Keeping a good TL from aging off

 
 
I'm not going to comment on that  Smiley Surprised  , but yeah, maybe I'll just send them a check for $ 10.43 and see what happens.


Noah_Bodie wrote:


fused111 wrote:
 
Give em money, good idea!Smiley Tongue Problem is, they will be labeled as a consumer whore like me!Smiley Tongue


Call it a Brittany (Spears). Ooops, I did it again. Musta been the word consumer that made me think of her.



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