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Lost credit card: If there are no delinquencies, credit cards that are reported lost will continue to be listed for two years from the date the card is reported lost. Delinquent payments that occurred before the card was lost are reported for seven years.
Are the new accounts reporting as the lost accounts are being reported as lost? Might be from the hit you are taking on AAoA.
Pull a new report and check out what exactly is being reported. How are the lost accounts reporting? How are the new accounts reporting, if they are reporting?
Quite possible that they are reporting the original accounts as lost, reporting the new accounts, and both are reporting balances. Need to check that.
I think you'll regain the points as soon as the replacement cards report showing the account open.
My JC Penny card that was stolen 13 yrs ago still reports along with the replacement card.
I haven't a clue whether my scores were affected by the stolen card as I wasn't paying much attention to FICO scores at the time.
My best guess, judging by how my stolen card reports, is that you took the hit because so many cards show as closed at the moment thus affecting utilization (although some will argue that it would have no effect). If this is the reason then your score should bounce back quickly as soon as your new/old accounts show up.
Lost credit card: If there are no delinquencies, credit cards that are reported lost will continue to be listed for two years from the date the card is reported lost. Delinquent payments that occurred before the card was lost are reported for seven years.
Are the new accounts reporting as the lost accounts are being reported as lost? Might be from the hit you are taking on AAoA.
Pull a new report and check out what exactly is being reported. How are the lost accounts reporting? How are the new accounts reporting, if they are reporting?
Quite possible that they are reporting the original accounts as lost, reporting the new accounts, and both are reporting balances. Need to check that.
@Anonymous wrote:
Lost credit card: If there are no delinquencies, credit cards that are reported lost will continue to be listed for two years from the date the card is reported lost. Delinquent payments that occurred before the card was lost are reported for seven years.
Mine still reports after 13 yrs but seems to do no harm. There were never any delinquences on it either.
You're probably right about the AAofAs. The lost cards wouldn't be counted and the new ones haven't shown up on her reports yet to replace the lost age.
The lost/stolen TLs are counted in AAoA. If the lost cards were younger than average age, it can ding your score. If the lost cards are older than average age, it could help.
@Anonymous wrote:
@Anonymous wrote:
Lost credit card: If there are no delinquencies, credit cards that are reported lost will continue to be listed for two years from the date the card is reported lost. Delinquent payments that occurred before the card was lost are reported for seven years.
Mine still reports after 13 yrs but seems to do no harm. There were never any delinquences on it either.
You're probably right about the AAofAs. The lost cards wouldn't be counted and the new ones haven't shown up on her reports yet to replace the lost age.