Credit One needs to go no matter how you slice it. In your case, your AoOA (age of oldest account) will only change by a few months after the card disappears from your reports.
I’m wanting to close down my credit one bank card as it was a rebuilding card, prior and after my BK7 and I’m not a fan of their annual fee, or the fact that you can’t control it reporting that balance on your credit reports from the annual fee because they’re charging it the day they update my balance to the CRA’s so it’s interfering with my AZEO.
My question is, I have 3 derogs, my BK7, and two old $500 credit cards from cap one that are right at 6 years old for first delinquent(almost 12 years old altogether) that went delinquent, followed by settled for 50%. I had a period of no credit minus auto loans for about 4-6 years. I got my credit one card in the middle of 2018 about a month before I filed for chapter 7. Then after my discharge, about 6 months later, I got a capital one platinum, followed by a discover secured the month after. I now have multiple other cards with much higher limits etc.
Would closing the credit one card down hurt me that badly score wise when it’s just a six month gap between the first two cards I got rebuilding, and also regarding the old settled cap1 cards, once those fall off, I think my average account age will take a massive hit considering those were both opened in 2008, and my oldest account now outside of past auto loans is a little over a year and a few months, should I be relentlessly aiming to have cap1 goodwill remove the late payments but not the accounts themselves to try and keep that 11+ year credit line for a bit longer? I have had an auto loan through them, as well as a Savor card and QS card becomes with them so I’ve definitely rebuilt history with them but idk if they’ll do it in that manner or not.
I think I’ve asked similar questions to these before but wasn’t very clear about the circumstances.
Thanks in advance!
1. I'm all for closing the Credit One card, and no it won't hurt you at all to close it.
2. IMHO asking Cap One for favors is a waste of breath, but I would be 'relentlessly' sending verification letters to the bureaus, which might accelerate the lates being dropped.
Close cards you don't need/want anymore.
I closed my Chase FU card yesterday, it was by far my lowest limit, and simply sat in my wallet. I don't want a card that I feel forced to use just to keep open, so out the door it went.