Transunion just added this to my report as a satisfactory account.. AMEX PO BOX 981537 EL PASO, TX 79998 (800) 874-2717 Balance: $ 12,213 Date Updated: 03/2007 High Balance: $ 60,712 Pay Status: Paid or paying as agreed Account Type: Open Account Responsibility: Account Relationship Terminated Date Opened: 07/1976 How is this affecting my score? Should I have it removed. It is and old account.
Even 'perfectly positive' accounts only stay on for 10 years after they are closed. When was this account closed?
Was on this account with partner. I believe account is still open but I was removed from the account in 1995. Confused as to what to do.
I would find out if I were 'properly' removed from the account i.e. released from all liability as of x/1995. Do you have any documents from Amex to support this claim? I believe that is what the 'account relationship terminated notation' means but it cannot hurt to have more proof that you might need. Secondly, if you were released from liability of indebtedness, along with cancellation of your charging privileges, they should only report credit history for the time you were on the account.
I would try to retain the account on the CR b/c of its age, but limit the reporting history to the time period I were actually liable for paying the debt.
This account should be helping your score significantly! 30+ years of history,wow! It is also a "premium" card, which helps with the FICO score. I would leave it as long as it reports satisfactorily.
Ancient thread, but: Funny that nobody seemed to notice a BALANCE DUE of 12K, which cannot be good. Looks to me like Amex is looking for trouble (racehorse attorney or even Class Action).
