Effect of age vs. charge off - FYI

[jru577]

I had one Charge Off on my TU report that wasn't mine. (no other charge offs)

IT was only for $5, but it was my deceased fathers...I was an AU. So I had it removed. Unfortunately - it was the oldest account....at 19 years. I thought removing a charge off would really help my score. Turns out my score actually dropped because my length of credit history had gone down to 12 years. My score dropped only 3 points...but I was bummed. Just goes to show how things factor in and I thought it was interesting enough to share.

Keep on keepin on....

[MidnightVoice]

Thanks for telling us.  The age thing is very important and rather complex - my main problem with EX is my oldest credit line does not report to them, and it has a huge effect on my EX score.  Age is something people tend to forget!