Established Contributor
cashnocredit
Posts: 1,035
Registered: ‎07-18-2009
Re: Which is better, remove or left alone an account with 16 years of history with one late 6 years

Shogun wrote:

+1  It's getting close to going to a totally positive account with the late nearing end of life.  It will add to your AAoA and help your score.


Yep. For the next year you get a slight ding. For the three years after that you get a nice extension from the oldest acct. as well as AAoA. After that it doesn't make any difference at all. There is always the riks of a dispute removing the TL which would be a net negative.

 

All depends on your short/long term needs. I'd leave it alone.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k