Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
Re: Should I Close this account or Keep it Open?

Unfortunately, yes.  A 120+ is considered a major derogatory.  But since the account is not CO'd or in collections it will remain adversely until the lates are gone.

 

If it isn't your oldest and you are not worried about AAoA, I would rather have a clean report than a longer history. 

 

It would be 2017 before the last late came off.