So i have a repo from 3 years ago that has a $0 balance and I want the repo removed but now that i think about it, will it hurt my score if it's removed since the balance is at $0? Maybe they could just mark it as closed instead of a big fat "REPO". what are your thoughts?
I had 2 of them, both IIB with 0 balance, but both have been removed from my CR and I don't think it did much to my score, but much more important (to me anyway) its off my report and not reporting anymore.
It really depends on your objective. If your goal is to have a higher score, it could lower it if its one of your oldest accounts. If your focused on a clean report, then by all means get it removed. A 3 year old repo is most likely having a heavy impact on your score and from my experience, its easier to get them to delete a trade line like that than to change the information to report more positively. It really would come down to what else is on your report and their ages, but personally I cant see much of a benefit of keeping a repo on there. As others on here have said, have a clean report and scores will follow.