Jump to content

Sign in to follow this  
Bohemian

How long will it take for a credit report to rebound after deleting history

Recommended Posts

I have a BUNCH of student loans that have been consolidated and the old accounts are all scheduled to be deleted in the same year. I'm thinking that I could have a couple deleted at a time, even though they are positive, so that by the time the last are deleted, at the time they were scheduled to fall off anyway, the credit report would have rebounded some and it won't be such a hit at that time.

 

I also have positive closed accounts that are tied to addresses I do not want to be tied to, and I can probably get them and therefore the addresses deleted.

 

How long will it take for the CR to rebound from losing history and old positive accounts?

 

TIA

 

 

Share this post


Link to post
Share on other sites

They are all going to fall off naturally at the same time. I'm thinking that losing them gradually will help the report not lose ALL the history right away, and heal a bit between deletions. It is my understanding, I could be wrong obviously, perhaps it won't matter any more if 12 accounts are deleted all at once.

Share this post


Link to post
Share on other sites

It is best to keep them for as long as possible.

 

If you want to mitigate the loss when they drop, the best way would be to open as many CCs as is prudent as soon as possible, and get them aging before you lose the old accounts.

Share this post


Link to post
Share on other sites

I'm thinking

I'd advise against it in the future.

 

In case that's not clear enough, leave the accounts as long as possible.

Share this post


Link to post
Share on other sites

 

I'm thinking

I'd advise against it in the future.

 

In case that's not clear enough, leave the accounts as long as possible.

 

:lol:

Share this post


Link to post
Share on other sites

If they are all reporting as positive and are you oldest accounts, removing them will not help you. It could decrease your average age of account and have a negative impact. This just happen3d to me and resulted in a score drop when the aged off my reports.

 

Sent from my SM-N950U using Tapatalk

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Today's Birthdays

  • Member Statistics

    • Total Members
      177,751
    • Most Online
      1,528

    Newest Member
    Sammariam2008
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines