We had a credit card with our previous credit union since 1990. It shows on my CR as a negative because it shows one 30 day late in Jan 2003. Will this one late payment drop off in Jan 2010 and this account then becomes a positive since it shows a long credit history and won't then have any negatives associated with it? Since the account is closed I don't want to dispute it if it means it will be taken off altogether. I know in the scheme of things this is a very minor negative but I need all the positives I can get.
You've got a max of 51 days left before it drops off, and, given its age, it is having little or no impact on your credit scores. (Date dependent upon when in the month the OC placed the original ding.) This is one where sitting a waiting is likely your best option.
