topic Re: Old Lates or Open Dates? in Understanding FICO® Scoring

Old Lates or Open Dates?

Anonymous — Wed, 01 Aug 2007 16:21:16 GMT

What is more benificial for my score?

On the plus side having an aged CC factored into my average account age.

On the negative side that the account has old negative info (Lates and BK)?

I'm thinking about disputing a closed account that was opened in 1995 that ended in BK. Will removing this old info hurt me or help me? The account was closed in 2002, so it probably does not have much negative effect on my scores.

Re: Old Lates or Open Dates?

Anonymous — Fri, 03 Aug 2007 13:52:23 GMT

Unless is in marked w/ "Current/OK" it will drop off after 7 years from DOFD.

The old lates are not affecting you much.

I would drop all of the accounts into a speadsheet and do "what if's" on it.

section8 wrote:
What is more benificial for my score?

On the plus side having an aged CC factored into my average account age.

On the negative side that the account has old negative info (Lates and BK)?

I'm thinking about disputing a closed account that was opened in 1995 that ended in BK. Will removing this old info hurt me or help me? The account was closed in 2002, so it probably does not have much negative effect on my scores.

Re: Old Lates or Open Dates?

Anonymous — Fri, 03 Aug 2007 14:10:49 GMT

Thanks, but what spreadsheet?

Re: Old Lates or Open Dates?

Anonymous — Sat, 04 Aug 2007 05:02:02 GMT

sorry - I have been using speadsheets for 20+ years- Anyone else remember Lotus 1-2-3???

I assume all the time that people can create these on their own. PM me if you really need a sample spreadtsheet.