How does a TL deletion affect credit score?

[Anonymous]

Hi, New to this awesome site. When a charged-off/collection credit card account is deleted from CRAs, does that adversely affect one's overall credit age? A couple of my accounts will be deleted in the next couple of months since it has been 7 years, but the one with Cap1 I paid in full recently. I am considering asking them to reopen it if it will help my score. Thoughts? Thanks, upmyscore2008

[Anonymous]

It can affect your avg age- BUT payment history carries more wieght than avg age-  I would rather have a clean report that can be built on that a derog thant nothing can be done with-

I would re-open the capone

I would at least make sure I had at least 2 open credit cards with low balances and the highest CL's I could get.

RTC101T- Revolving utl is very important in FICO scoring-  

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upmyscore2008 wrote:
Hi, New to this awesome site. When a charged-off/collection credit card account is deleted from CRAs, does that adversely affect one's overall credit age? A couple of my accounts will be deleted in the next couple of months since it has been 7 years, but the one with Cap1 I paid in full recently. I am considering asking them to reopen it if it will help my score. Thoughts? Thanks, upmyscore2008

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[Anonymous]

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@Anonymous wrote:

It can affect your avg age- BUT payment history carries more wieght than avg age- I would rather have a clean report that can be built on that a derog thant nothing can be done with-

I would re-open the capone

I would at least make sure I had at least 2 open credit cards with low balances and the highest CL's I could get.

RTC101T- Revolving utl is very important in FICO scoring-

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@Anonymous wrote:
Hi, New to this awesome site. When a charged-off/collection credit card account is deleted from CRAs, does that adversely affect one's overall credit age? A couple of my accounts will be deleted in the next couple of months since it has been 7 years, but the one with Cap1 I paid in full recently. I am considering asking them to reopen it if it will help my score. Thoughts? Thanks, upmyscore2008

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Thanks, Tim.

I have 2 other more recent lines of credit, both of which have never been late and the debt is 25% of CLs.

I was thinking about asking Cap1 via a GW if they would remove the negative remarks and reopen the account since I paid in full close to the end of 7 year period. I've heard Cap1 is not the best, but would like to reopen account if they removed the negative info. Has anybody had any luck doing that?

[Karma2678]

You could send Cap 1 a goodwill letter. I am not sure if this would be effective unless the account is still open. If the account is still open then a goodwill letter would be a good option. However, if the account is closed Cap 1 will probably just tell you to open a new account.