Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
Closed accounts stay on for 10 years, correct?

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 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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