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nhrafan75

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removing closed credit cards with negative remarks
I have a handful of credit cards that were closed by the creditor and paid in full or charged off/paid for less amount owed. All of these cards have been closed for about 5 yrs. Is there a way to get them off my credit report and if so how will it effect my score?

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If you are in the state of New York they may be eligible for removal now if paid, if you are anywhere else then the accounts will remain for 7 years from the time that they became delinquent. There is such a thing as "early exclusion" by the credit bureaus but that really won't help you until the 6 1/2 year mark. As for now, if you can find anything inaccurate on the accounts you could dispute them and hope for deletion rather than correction, but be aware chances of that are slim. Probably your best option here would be to send "goodwill letters" to the creditors asking them to kindly remove the accounts from your reports. Do some research on how to write a "goodwill letter". Sometimes goodwill letters may work and sometimes not, but definitely keep trying.

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As for your second question, removing them would help your scores, by how much I cannot say, it depends on the rest of your credit profile, but as negative accounts age the negative effects from them subside, so these accounts may not be damaging your credit as much as you think, but they are certainly causing damage. Be sure to work on building positive lines of credit now to help your credit profile improve. Sometimes a Secured credit card can be a good place to start.

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