Re-Aging Same as Goodwill?

[TryingVeryHard]

I want to know if re-aging described in this website (Credit.com) the same as "goodwill"

Re-aging your accounts is a technique you can use to clean up your credit history, particularly if you had a brief problem and you’re back in control.

Basically, when an account is re-aged, it is no longer considered past due. The creditor simply relabels the account “current.”

Let’s say you are three months late on one of your credit cards. If you can convince the credit card provider to re-age your account, it’s as if those three months never happened. You still owe the same amount of money, but the late fees stop and you are no longer considered delinquent. Your missed payments are simply ignored. --- " target=_blank> Credit

[haulingthescoreup]

This is what I would call GW. What a dreadful idea for them to call it re-aging. That should confuse the heck out of a lot of people.

It is simply describing the decision of the creditor to no longer report that a late had occurred.

[Anonymous]

Yes- It gets you current (stops the bleedingif you will)

On Installment accounts the payments and interest gets added to the end of the loan,

When talking about Re-Aging on myFICO it is generaly refering to a creditor changing the DOFD or DOLA. Thus changing the removal date and/or make it look more recent.

[TryingVeryHard]

Thanks