I know that part of the statistical make up of your credit score is having some older accounts in your file. However, how do i know if my older accounts (opened 6-7 years ago) could be helping my case since they are older and gives me more "history" rather than hurting me (because they are charge-offs). Any help would be appreciated. Thanks.
Well, I'll give you an example... I had an account last updated in 2000 (1997 was probably the DOLA), which was listed as FORECLOSURE. Disputed it, Eq removed foreclosure during the dispute. Got a less than 5 point bump. When the investigation completed with a DELETION, it took about a 10 point DROP. I would have definately have thought that a foreclosure was a big enough negative to be helpful to get rid of, but losing it cost about 5 points overall... On the otherhand; I disputed a CO on TU, and it was updated to PAA/Sold Transferred, and my Fake TU score (when they were handing them out) went up by 100 points.
