Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
Re: Does FICO factor "Current Status" on closed accounts?

It's a drain, but the source of the drain are the 120+ day late(s) reporting anywhere within the reported 7-yr history. Once the lates are removed, then it'll say "paid as agreed" or something similar (vs. closed). FICO focuses on the most severe late and the recentness of that late. Try sending the lender a Goodwill letter.