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Hi everyone,
I had an account with a furniture store, which, admittedly, I was late paying a few times. I opened the account back in 2001. Paid on it for about 2 years, like I said, a few lates, but eventually paid it all off. My question is regarding how they are reporting this account. Instead of "paid" it says the status is "30 days overdue" which is NOT true, because I paid it off in 2003. How do I get them to change the status?

Thanks.

Posted: Sat May 17, 2008 7:25 am Subject: reply

if it's on your credit report dispute it with the credit reporting agencies.

Posted: Sat May 17, 2008 7:28 am Subject:

Tried that... all they did was verify the account was mine. I specifically said the account is not past due, but paid, and it didn't work.

Posted: Sat May 17, 2008 7:30 am Subject: reply

do you have the last bill paid on the account?maybe you could take that to the store directly and hash it out.could just be an error on there part.

Posted: Sat May 17, 2008 7:35 am Subject:

Yeah... no, I don't have that. It was almost 5 years ago! I tried contacting the store about 2 years ago about this, and I sent letters, called, etc. No one could help me. Although, this was before I found these forums, so I though there might be something more specific I could do to get them to correct it. Maybe some legal verbage in a new letter? Any suggestions?

Posted: Sat May 17, 2008 7:39 am Subject: reply

do you have any old bills?i can't think of anything.
except that.without any old payment records or an old receipt,maybe a cancelled check?that would go a long way in resolving this.i don't think there is any legal jargon that can help without some proof.

Posted: Sat May 17, 2008 7:53 am Subject:

nope... nothing. I know, it seems like a lost cause. It just sucks because I paid them off so long ago, you know? I only ever had 2 30-day lates with them.

I guess I'm just wondering, are there any laws that state they are violating something by incorrectly reporting the account as "late" when it's really closed, pif?

Guest · Posted: Sat May 17, 2008 9:10 am Subject:

From what I have read, once an account goes past due and the credit card company reports it that way on your credit report, it will show the past due amount for 2 years even if you pay it off and close the account.

Sometimes you might get lucky and be able to work with the company after you close out a card to change the status. If the card is still open, I doubt it can be changed because who's to say that a few months down the road you don't go 30 days past due again.

Hopefully this helps.

Posted: Sat May 17, 2008 9:39 am Subject: reply

at this point i would PM skydiver or cajunbulldog.they can help in that respect.in reffering to any laws that is.

Posted: Sat May 17, 2008 9:59 am Subject:

Thanks all.

Posted: Mon May 19, 2008 8:05 am Subject:

I believe you might want to write the original creditor and ask to verify the account. Ask for a signed copy of the agreement; statements showing all payments. Since the account is so old, they may not have this info available. If they can't verify the account with you, then then how could they possibly verify it with the CRA's?! If this happens, then dispute again with the CRA's (make sure you send everything in writing to both the OC & the CRA's - CM & CRRR), then if the CRA's won't change/delete it, you have them on a technicality and could possibly sue them.

Posted: Mon May 19, 2008 5:17 pm Subject:

Since the account was verified,demand a method of verification from each bureau in writing.Send a Facta credit dispute to the creditor directly to address the reporting of their trade line. Under facta,they have thirty days from date of receipt to either fix or delete account.

Posted: Mon May 19, 2008 7:38 pm Subject:

I can't understand how the Big 3 can verify if the furniture place can't even verify it to you?! Man, that seems so wrong, but yet they still do it. My suggestion would be to dipute it again to the Big 3, but this time, write your dispute in pencil or in a colored ink, not blue or black. I have seen people get judgements and even bankruptcies off by doing this...I know it sounds dums, but it's worth a shot.

You can also send a DV (debt validation) letter which asks them to validate the account, NOT verify. Those are 2 different things. If you don't have a DV letter, I'd be happy to share one.

Posted: Tue May 20, 2008 3:50 am Subject:

I have a DV letter, thanks, but this is a paid account... and never in collection. I wouldn't be able to DV an OC anyway... and it doesn't make sense, since their not claiming I owe anything, just reporting it as late, instead of paid.

Posted: Tue May 20, 2008 5:26 pm Subject:

Ok, so is the account showing paid, but a few late payments? Ok, let me scroll back up to the original question lol.

Posted: Wed May 21, 2008 6:18 pm Subject:

Read above my dispute letter I spoke of is a creditor dispute letter.

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