Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: 9 year old pays as agrees personal loan still reporting.

IMO, your score is on par. On a perfectly clean report and util under 3%, my EQ FICO was at 777 with my oldest TL at 10 or 11 yrs old and AAoA at either 3 or 4 years old. 

 

The 10-yr rule isn't a rule. Most creditors (or rather the CRAs) will drop a 10-yr old account from the date of closure rather than date opened. And the 10-yr is only a guideline. I had accounts report longer than 10 yrs, and some for less than 10 yrs from that closure date. There is nothing you can do to stop its demise. Only thing you can do is prevent closing accounts in the future, though you really can't do that with a loan.