What Should I Do...

[Andy77]

So I have a BofA credit card that I settled on...one day in 02, BofA called me and said that if I paid them 4000 for 3 consectuve months they would right off 12k.

So they did....on my EX CR, its states account was settled for less then full value and it shows my 120 day late in Jan 02.

This acct is to fall off Oct 08...

Should I try a GW letter and state that now BofA holds my 35k car loan and CC and my relationship is good etc.... or because it was a settlement on the CC that they wrote off 12k, they most likely will not take it off before its suppose to fall off in Oct 08?

What do you all think?

[Red1Blue]

I would say let it fall in 08. Dont mess with it, especially if you have other accounts in good standing with BOA. Why wake up a sleeping giant?

[Andy77]

Yes, but this credit grantor closed, settled account is costing me points on my EX...which is at 637 whereas my TU is 695 and EQ is 723

Still say leave it alone?

[Red1Blue]

So what? Are you looking for a loan now? Why do you care if the score is low, if you are not looking for more credit?

[Andy77]

I suppose you are right....Thank you

[Red1Blue]

You could try disputing with CRA and they might drop it off since is close to being deleted any way.

[Anonymous]

How is your CC utilization, if you are looking to raise your score, check your EX Cr and see what they are reporting, the utilization may be lower because they are behind in reporting balances...?

If the account is that old, I agree let it age off, try the other things and see what happens.