Closed accounts stay on for 10 years, correct?
10-05-2012 08:31 PM
I have a ton of Student loans that I consolidated in June 2004 (14 accounts). Some of these accounts were opened back in 1993. These 14 accounts were merged into 2 accounts in July 2004. So when June 2014 comes (1.5 years from now), I can expect all these positive accounts to drop off my report?
I expect this to kill my AAoA. Right now have 26 accounts reporting with an AAoA of 10.1 years. Fortunately, I'll have some AMEX backdating to 1993 to help a bit but how much of a hit could I expect? Should I adjust my strategy now to take this into account? (I know its a ways off but I rather have a plan in place to address it now rather than later.)
Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 678 TU 702 (Amex pull) EX 724 (Amex) CK 682 (FAKO-EX 684, EQ 684, TU 684)
Goal Score: 750
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