I am working on getting lates off my report. A rep told me they can not alter the lates on my account, but they can delete the entire tradeline. Ok Pros: I am like at 80 percent uti on this card. I have several 60 and 90 day lates from last year. I have brought the account current but I have lots of past deliquency. Once i pay this account off I plan to close it anyway. It is a subprime card.
Cons: The account will NOT report. so my payment history with them will be null and void. NO credit for payment history.
If you were me...what would you do.
Once I get these lates off I will have three other accounts with lates. Two being educational loans.
I think I am going to do it. I have 8 lates with this trade line (30,60 and 90) There are HUGE annual fees on this card...AND I do not plan to keep it beyond another year. I think it is to my advantage to close it. Just wanted to double check with you all. This is also NOT my oldest account...well...it is my oldest open account....aside from student loans...my car loan was recently paid off.
I had one 90 day late on one old student loan. It got deleted from my CR somehow--I don't know, it just stopped reporting. My score dropped 30 points. WOW! I had no idea turns out it brought down my average age and # of accounts. Was not worth getting rid of--I'm presently trying to get the company to report it again.
I still say try more GW letter before deleting the whole tradeline
