topic Re: AMEX - 120+ days late in Rebuilding Your Credit

AMEX - 120+ days late

Anonymous — Fri, 05 Jun 2009 14:22:05 GMT

Here is the snippet from a mistake I made back when I was in school. What's the 7yrs rule, what can I do to remove it quicker?

AMEX card

Status as of [?]

Nov, 2005

Date opened [?] Apr, 2002

Date of last activity [?] May, 2004

Date closed [?] Not Reported

Account number [?] Not Reported

Loan type [?] Not Reported

Largest past balance [?] $2,500

Terms [?] Not Reported

Account Type [?] Revolving

Account holder [?] Individual

Scheduled payment amount [?] $0

Descriptions [?]

Paid collection
Account closed by credit grantor

Balance [?] Current Status [?] Past Due Amount [?] $0 120+ days past due Not Reported

Re: AMEX - 120+ days late

Red1Blue — Fri, 05 Jun 2009 14:47:40 GMT

Try sending them a GW letter. They might remove it.

Re: AMEX - 120+ days late

Anonymous — Fri, 05 Jun 2009 14:59:37 GMT

Would removing affect the age of the a/c? Does it stop affecting exactly after 7 yrs?

Re: AMEX - 120+ days late

llecs — Fri, 05 Jun 2009 15:09:39 GMT

Removing it could lower your AAoA and your FICO score. YMMV based on what is reporting outside of that. IMO, I think the damage of the 120 and CO reference is greater than the damage of losing the TL. I'd try to get it removed.

At 7 yrs from DOFD, the damage would be removed, by either the CRA deleting the account or removing the baddie references.

Like ConcordUser mentioned, try sending GWs.