cancel
Showing results for 
Search instead for 
Did you mean: 

Will have a whole tradeline

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Highlighted
Valued Contributor

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
Highlighted
Moderator

Re: Will have a whole tradeline


@Kaylava 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%.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 2 of 7
Highlighted
Valued Contributor

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
Highlighted
Valued Contributor

Re: Will have a whole tradeline

Believe it or not it never went into collection.
Message 4 of 7
Highlighted
Valued Contributor

Re: Will have a whole tradeline

 
Message 5 of 7
Highlighted
Super Contributor

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

Most Recent FICO 8 Scores EX616/TU587/EQ607 01/09/2018 Starting scores 553/485/543 08/25//2017
~~~Credit lines~~~~
SDFCU VISA Secured $250
Discover Secured $200
Message 6 of 7
Highlighted
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
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.