The system the rep was referencing to was sears. I forgot to mention that I have three student loans a car loan, and a personal loan that have been open from 16 to over 48 months with no late payments. Is it still best to re open the card?
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On 7/5/07, majors@oskie.com> wrote:
The best bet is to re open the credit card
I doubt any more or other lates will show if you do so and you need good open credit at least one year on the books.
The system means Sears not a bureau. I think.
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On 7/5/07, I need credit help wrote:

I have a Sears Credit Card account. This account is 16 months old and currently shows in my credit report "closed by creditor" for about 8 months now. I entered into a repayment plan that is automatically deducted from my checking account each month, and have paid them ontime since the account was closed 8 months ago.My Trans Union score is a 642.

I am currently caught up according to Sears and the Sears Card Reps from Citibank are constantly calling to get me to reopen my Card. I spoke with a citibank rep and one thing he told me was that he showed lates on the Sears card in his system. My concern is my Transunion credit report has not reported any lates (0x30,60,90,120) for my sears card at all. Will reopening my account affect my credit score negatively? If I do reopen the account could the new reporting to the credit bureaus activate my account showing lates on it? Is having a "closed by creditor" and paying a card off better on a credit report than paying off an active account with lates recorded? My goal is to get to a credit score of at least a 680. Thank you for any information that you can give me for this situation, it is greatly appreciated.
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majors@oskie.com / to i need credit help / show details / Jul 6
Personal loans and student loan are looked upon as lower class loans.
I would try to get rid of both and get one credit card, one car loan and one home loan