topic Re: Adding Accounts in General Credit Topics

Adding Accounts

Anonymous — Mon, 25 Feb 2008 19:20:26 GMT

Hello Everyone,

I would like to see if anyone can help me out with an answer to this question. I have 7 accounts with Aarons Sales and Lease which are reporting to Experian. These accounts are closed (paid) and were in good standing with credit history dating back to 2003 with no lates whatsoever. My question is....if I were to get them added to my Equifax and Transunion credit reports would that boost my scores? I did talk with Aarons ITT Department and the gentleman advised me that it would be no problem adding them if I want them to be. Thanks in advance for your input.

DaleSC1

Re: Adding Accounts

MidnightVoice — Mon, 25 Feb 2008 19:26:50 GMT

DaleSC1 wrote:
Hello Everyone,

I would like to see if anyone can help me out with an answer to this question. I have 7 accounts with Aarons Sales and Lease which are reporting to Experian. These accounts are closed (paid) and were in good standing with credit history dating back to 2003 with no lates whatsoever. My question is....if I were to get them added to my Equifax and Transunion credit reports would that boost my scores? I did talk with Aarons ITT Department and the gentleman advised me that it would be no problem adding them if I want them to be. Thanks in advance for your input.

DaleSC1

What are your 3 scores right now?

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 19:31:44 GMT

Fico scores are transunion 680.....experian 618......equifax 598 as of 2/22/08

Re: Adding Accounts

MidnightVoice — Mon, 25 Feb 2008 19:39:44 GMT

DaleSC1 wrote:
Fico scores are transunion 680.....experian 618......equifax 598 as of 2/22/08

Would they improve your mix of credit or average age?

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 19:45:24 GMT

Oh, this is a very interesting question indeed. I have quite a bit of "good" credit items that are reported on 1 or 2 of the CRAs instead of all. I wonder what the proceedure for doing this is... if they they show more good credit history and increase your average age, I don't see how it can hurt!

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 19:47:40 GMT

on my transunion i have a good mix of credit right now........on equifax it will add to the mix.......basicley i think it is just gonna add more accounts and history.......my average credit length on transunion and equifax is 9 years and 3 months......

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 20:12:47 GMT

Dale..........the inference I am drawing from your question (please correct me if wrong) is that when the Aaron Sales and Lease accounts were active they were reporting ONLY to EX.

I doubt, but I may be wrong, that EQ and TU would now add an account that has been closed since 2003, especially if they didn't report them when they were open.

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 20:25:30 GMT

Cobra

yes, you are correct....Aarons only reported to EX on all accounts.......however only 1 of the seven accounts is dated opened in 2003......all the others range from 2004 thru 2007.......i was hoping that they would add the accounts......and possibly increase my score's

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 20:50:19 GMT

Wouldn't hurt to try. I don't wanna be a wet blanket, but I seriously doubt TU and/or EQ would do it. All 3 CRA's act independently of each other.

Re: Adding Accounts

Anonymous — Mon, 25 Feb 2008 21:16:50 GMT

cobra19 wrote:
Wouldn't hurt to try. I don't wanna be a wet blanket, but I seriously doubt TU and/or EQ would do it. All 3 CRA's act independently of each other.

I think they will report if the OC tells them to report.