Regular Contributor
Oyiwaa
Posts: 212
Registered: ‎09-25-2012
Should I Close this account or Keep it Open?

Hello Folks - the Comenity Bank is reporting the TL below for a Blair Card, that went delinquent, but totally paid off. Even though it is paid off, the OC still kept it open and there has been no activity on the account since 2010. I have disputed and sent GW letters to remove the derogs but has not been successful. I don't want to apply for a credit increase now (and reopen the account), so is there any benefit to closing the account? Please find below the TLs as reported to EX and TU:

 

 

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Cheers, Oyiwaa


Starting Score: USAA-FACO(10/2012) - EX=498 / EQ = 498 / TU = 508
Recent Scores:
myFICO - Jun-2013: EX=595 / EQ = 582 / TU = 649
myFICO - Nov-2013: EX=634 / EQ = 649 / TU = 666
LenderPull - Nov-2013: EX=682 / EQ=649 /TU=687

Goal Score: 700


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WALLET (Secured):  Capital One: $700  --- WellsFargo: $300 --- CapitalBank: $300