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Will have a whole tradeline

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Anonymous
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Will have a whole tradeline

Removed from my credit report effect AAOA if it's a closed account?
Message 1 of 7
6 REPLIES 6
gdale6
Moderator Emeritus

Re: Will have a whole tradeline


@Anonymous wrote:
Removed from my credit report effect AAOA if it's a closed account?

Any OC account that is removed in its entirety will affect AAoA. If its a derog account its negative status overrides any AAoA considerations. Age of history is 15% of Fico score, payment history is 35%.

Message 2 of 7
Anonymous
Not applicable

Re: Will have a whole tradeline

Yes there are 18 120 day lates. Waiting on the results of disputes. Hopefully they will just st correct them. If the account is removed with that many lates, will I actually gain points or lose them?
Message 3 of 7
Anonymous
Not applicable

Re: Will have a whole tradeline

Believe it or not it never went into collection.
Message 4 of 7
Anonymous
Not applicable

Re: Will have a whole tradeline

 
Message 5 of 7
Anonymous
Not applicable

Re: Will have a whole tradeline

Yes. Exactly *how* it will affect it depends on the age of the account, in  relation to your AAoA

Message 6 of 7
Revelate
Moderator Emeritus

Re: Will have a whole tradeline

AAOA is a small part of the algorithm.

 

Payment history is king, first and always.  You may take a short-term penalty losing a tradeline AAOA wise, but if that had significant negatives on it like you're describing, if it gets nuked take the money and run.




        
Message 7 of 7
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