credit affect

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jassica

Joined: 13 Sep 2009
jassica's page
Posts: 70

6 Magic Points

Subject: credit affect

Fri Oct 02, 2009 5:28 pm

I have several accounts over 7 years old on my credit report that states I was late but the accounts were paid as agreed and closed. Will deleting these accounts raise my credit score?

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1093

25288 Magic Points

Sat Oct 03, 2009 4:52 am

Hi Jassica,

Late payment is considered as a negative item on your credit report. All negative items stay for 7 years in your report. You are saying that these accounts are 7 years old, so they should be removed by the CRA. If the CRA has not done that, then you have to dispute it through a dispute letter asking them to remove it. Improvement of credit score depends on number things. However, removing these negative items will help improving your score.
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Justin

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 150

950 Magic Points

Sat Oct 03, 2009 5:30 am

Thats correct any late payments will remian on yoru report for 7 years and they will have someimapct on yoru score for that period for sure

There is no way remove thme until 7 years

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334

1 Magic Points

Subject: debt

Sat Oct 03, 2009 9:21 am

I think there is a pretty good chance that the CRA's WILL remove them, after looking at how long they have been on your credit. I had one 'account' that was on my CR for more than 9 years. It was an old utility bill. I 'disputed' the debt, VIA the internet, with the CB, and they removed it. I REALLY need to look at my CR again, soon.

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