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Help with an almost 10 yr old Cap1 CC still on CR

Birdman7
Super Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

Look and see if its a charge off, if not and the account is clean, you are good.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 11 of 34
LaHossBoss
Valued Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

I have 2 of these exact types of accounts also. One doesn't bother me so much as it shows all positive information even though it wasn't a positive account. The second account does bother me because it shows my high balance alnost double the credit limit. Should I have this removed or let it be? A CR I have from 5 years ago states "closed at consumers request".From last monthFrom last month




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 12 of 34
seattletravels
Valued Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

If it shows "open - pays as agreed" let it report for as long as they want to let it report.  😀



Last App: BECU 02-26-2020
Pronouns: He/Him/His
Message 13 of 34
LaHossBoss
Valued Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

So creditors and lenders don't really care about the high limit vs credit limit?




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 14 of 34
LaHossBoss
Valued Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

And it actually comes up as closed and then says "pays as agreed" lol




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 15 of 34
Krysmay2208
Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

Yeah that's initially what confused me, mine also says closed-pays as Agrees which is fine. Usually an account in good standing stays on your report for 10 years

Current FICO 8 Scores as of 1/15/20:
Equifax- 615
TransUnion- 746
Experian- 706

AU- Jpmcb- $14,000CL
Cap1 QuicksilverOne- $1,500SL opened 1/15/20
Carter's- $1,000SL opened 2/18/20
NFCU CashRewards- $8,600SL opened 2/20/20 .cli 5/23/20 to $12,600
Message 16 of 34
LaHossBoss
Valued Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

And that is what confused me! This account was closed in 2005!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 17 of 34
Birdman7
Super Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

@LaHossBoss Who cares, it’s staying on your report longer, which is helping your average age, therefore leave it alone.

You’re high balance being higher than your credit limit really doesn’t mean anything. Maybe you took a CLD voluntarily, people do that. I personally have an account showing that has a high balance five times the credit limit. It’s not hurting anything.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 18 of 34
LaHossBoss
Valued Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

I cared, that's why. I didn't want it to look negative in any fashion as I am rebuilding right now. Thank you for the follow up explanation, as that actually makes sense, and now I won't feel like it would be viewed as potentially negative feedback anymore. I will just let it be.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 19 of 34
Birdman7
Super Contributor

Re: Help with an almost 10 yr old Cap1 CC still on CR

Yes that’s what I mean by who cares, because it’s actually helping you, so don’t worry about it you are good.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 20 of 34
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