topic Re: Will this method correctly remove a Macy's Account that is negatively affecting my credit score? in Credit Cards

Will this method correctly remove a Macy's Account that is negatively affecting my credit score??

blairwilkins — Sun, 21 Feb 2010 17:46:15 GMT

In 2006 I moved and thought I paid off my Macy's credit card. I ended up finding out 9 months later that I had 8 delinquent payments and wracked over $300 in late fees. I paid off the account with a collections agency; however, this is the ONLY account showing up negatively affecting my credit score.

I have successfuly rebuilt my credit score from a 520 in 2006 to a healthier 695 as of January 2010. I have tried disputing, but have been unsuccessful. I was thinking about applying for a Macy's Credit Card and establishing a brand new track record with them, but I am unsure if both accounts will show or just the brand new one???

Does anyone know if Macy's would stop reporting old account for the new one? Or will both accounts show up??

Re: Will this method correctly remove a Macy's Account that is negatively affecting my credit score?

Anonymous — Sun, 21 Feb 2010 19:02:07 GMT

Was it a store card or a Macy's visa card? If it was a store card the only way to open a new account is to open a VISA with them but it will not delete your old TL. However you can call and ask them to reopen the old account they are usually OK with it, they will pull your report though.

@blairwilkins wrote:
In 2006 I moved and thought I paid off my Macy's credit card. I ended up finding out 9 months later that I had 8 delinquent payments and wracked over $300 in late fees. I paid off the account with a collections agency; however, this is the ONLY account showing up negatively affecting my credit score.

I have successfuly rebuilt my credit score from a 520 in 2006 to a healthier 695 as of January 2010. I have tried disputing, but have been unsuccessful. I was thinking about applying for a Macy's Credit Card and establishing a brand new track record with them, but I am unsure if both accounts will show or just the brand new one???

Does anyone know if Macy's would stop reporting old account for the new one? Or will both accounts show up??

Message Edited by howhow16 on 02-21-2010 11:02 AM

Re: Will this method correctly remove a Macy's Account that is negatively affecting my credit score?

Anonymous — Sun, 21 Feb 2010 20:50:59 GMT

You can always try a Goodwill letter.

Re: Will this method correctly remove a Macy's Account that is negatively affecting my credit score?

laz98 — Sun, 21 Feb 2010 22:09:51 GMT

i don't think they will stop reporting the old one.