topic Delete old Accounts but leave the oldest? in General Credit Topics

Delete old Accounts but leave the oldest?

Anonymous — Mon, 14 Jul 2008 03:13:39 GMT

Howdy -

I've got the red flag on my number of accounts (46 on experian, 38 on equifax and 37 on TU). I've read that you shouldn't have accounts removed becuase the length of your credit history will go down, but what if I leave the oldest account and ask to have all other accounts over 10 years removed? If I do that, I should have the best of both worlds - the same length of credit (15 years) and remove the "too many accounts" ding. Am I missing somthing here?

THANKS!!

Re: Delete old Accounts but leave the oldest?

Anonymous — Mon, 14 Jul 2008 03:23:04 GMT

1. Disputing accurate information not allowed here

2. The history is helping

2. No proof of this "Flag" actually affecting your score.

Re: Delete old Accounts but leave the oldest?

Anonymous — Mon, 14 Jul 2008 04:39:26 GMT

There helping more than hurting most likely regardless of flag. I so far haven't seen a score change for over 29 accounts either. Think it's just a warning. That's all going to change I bet with FICO 08 next release soon. Leave em. Accounts will fall off with time anyway.