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Removing positive old accounts..


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My husband recently refinanced our home and when his credit was pulled the CRAs part of explanation of score was that he had too many consumer finance loans. Most of them are over 8 years old and were paid off and never late. He has good current loans on his credit now a mortgage, a vehicle, and another vehicle he just paid off with a couple of other loans with American General. Should I remove the old stuff or leave it? I know I have read never delete good stuff, but does it really matter after that long? This may be really stupid question on my part. :oops:

Also, he filed BK in 1999. Discharged in 1/2000. He has two TL that are reporting IIB, but one is saying account was closed in 2004 on one report and the 2000 on another. Does the TL stay the full 10 years as the BK or do they stay the regular 7 from DOLA whether IIB or not? Thanks.

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If an account was IIB in 1999, it can't have been closed in 2004. Personally I'd dispute that one and hope for a deletion. How old is the TL, though? If it's old and th history is helping, you might want to leave it alone until the real 7 years is up later this year... then dispute it.

IIBs, like any other neg TLs, stay for 7 years. Only the BK itself stays for 10... from date of filing, not discharge.

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Thanks LNY- That account was opened in 7/1998. I am gonna try for a deletion on that one. The account was with Citifinancial and we are really confused about that one anyway and what it was for. It says our term was 2,428.00 for 1 month. :<img src=:'>

Would the 7 years on the TL IIB be the date of first deliquency or the date of discharge from BK? Thanks again

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