Reply
Contributor
Posts: 145
Registered: ‎12-17-2012
0

SHOULD I TRY TO GET BAD DEBT TAKEN OFF MY CREDIT?

My longest debt is only 7 years old.  Unfortunately, my oldest debts are paid but had been in collections for over a year before they were paid.  Is it better to try to get them removed or keep them on? In one sense, I am thinking that it hurts my credit because the debt had been unpaid and in collections for a long period of time and in another sense, I am looking at it as these are my oldest debts so if I get them taken off it might hurt me more because it will shorten my credit age.  Can someone help?

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: SHOULD I TRY TO GET BAD DEBT TAKEN OFF MY CREDIT?

Are these COs or CAs? If COs, how old are they in relation to your AAoA? 

Contributor
Posts: 145
Registered: ‎12-17-2012
0

Re: SHOULD I TRY TO GET BAD DEBT TAKEN OFF MY CREDIT?

Most of them are CO's and lists Paid.  My AAoA is about 3 years.  My CO's are older approx. 5-7 years old.  I have one that is less though at 3 years.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: SHOULD I TRY TO GET BAD DEBT TAKEN OFF MY CREDIT?

I'd certainly aim for the newer ones via GW letters and see where it goes from there. After some success, you can always reevaluate, check scores, and see if you want to pursue the rest.

Highlighted
Contributor
Posts: 145
Registered: ‎12-17-2012
0

Re: SHOULD I TRY TO GET BAD DEBT TAKEN OFF MY CREDIT?

Thanks!

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.