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Interesting situation here and I'm not sure what would be better at this point. I have an account that is currently paid in full and closed that shows 30-120+ days late from 2007. This account is my 2nd oldest account that shows on my report currently as well as having one other account opened in the same year. If I send a GW letter and the CCC ends up deleting the account all together, will this hurt more than it will help due to the age of the account?
To put it in perspective, I have around 15 other accounts of various types showing open dates of 1998-2008, some current, some old accounts that have been closed. Aside from this one account I only have one other that shows 1 30 day late.
Several have had success with a GW via e-mail, but they also owed money on the charge off. I have tried GWing my charge off - $0 balance - but so far, no luck.
I e-mailed the president of card services again yesterday explaining my situation and pleading with him to delete it. I would contact higher ups regardless, because basic CSRs must "protect the integrity of the credit reporting system."
It is difficult to provide specific advice with knowing what your AAoA is and what it would be if the account was removed. However, IMO the 120 day late is hurting way more then the age helps. I would gladly sacrifice some age to get rid of a 120 day late!
@cobaltnv wrote:It is difficult to provide specific advice with knowing what your AAoA is and what it would be if the account was removed. However, IMO the 120 day late is hurting way more then the age helps. I would gladly sacrifice some age to get rid of a 120 day late!
And the Congregation says "AMEN."
JR,l I dont think anyone on this site would dispute this statement.
If you can GW away a major derog on payment history, then AAoA is just background noise in credit scoring.
Go for it!
Several have had success with a GW via e-mail, but they also owed money on the charge off. I have tried GWing my charge off - $0 balance - but so far, no luck.
I e-mailed the president of card services again yesterday explaining my situation and pleading with him to delete it. I would contact higher ups regardless, because basic CSRs must "protect the integrity of the credit reporting system."