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Hi all. Was just wandering around and stumbled across this board. What a great idea! I know very little about credit reports, except that they are kinda complicated, and mine doesn't look too good (but I'm working on that). But I have a question....maybe this has already come up, I dunno (I've only managed to get through about the first 100 posts so far). I have a dept. store CC (Sears, if it matters). In the past I made a few late payments. I believe my report shows it 30 days late 5 times. The account currently has no balance and has been paid off since last July, but I still kept it open. How long before the late payments come off? Will they stay on there until I close the account? The report doesn't say when the late payments were made. I don't really wanna close the account, for two reasons: 1) It's the first CC I ever received...had it for 10 years now...and I understand that's pretty important...older accounts have more value than new ones. And 2) My current ratio of balances to available credit is too high (the report told me so), and closing this account would eliminate about $1000 worth of available credit, making that ratio even worse. So is there any hope of making this account pristine again?

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