Questions about my credit report

Rach,

What else EQ is saying about this account? Is it reported as closed or zero balance or anything else.

Settlement might hurt your score, but it is far better than default! Settlement reflects your willingness in paying your bills and that is definitely a good sign. However, if you could make it ???paid' or ???paid as agreed' your report would have a better look.

Any derogatory mark stays in your report for 7 years. Since both the negatives took place in Feb '02 and Mar '02, it will not make much difference for you. Both will go off together.

reported as zero balance closed by credit grantor no close date.

when does the 7 yr start? first late payment or last? Thanks Rach

Closed by creditor and settled both are considered as negative. If you dispute the entry, bureau might update it as settled, so it will not bring much benefit to you.

IMO, contact with your creditor and ask them to report your account as either zero balance closed by consumer or paid.

:cry: Just checked my recent Equifax credit report and all of the dell accounts have been updated. The date of last activity WAS 11/2002. NOW they've changed it to 03/2003. How could this happen? and why? I guess in all of disputes, I maybe made this worse--and wonder if I should have left well enough alone. I think its time now to ask Credit bureaus why creditors validated to them but will not to me. And try going at it from that angel. I am also going to write Dell again...for purposes of paper trails and see what they tell me this time!

TransUnion shows these accounts (3 of the 4) as '0' balance and 'payment after charge off'. I take it that they've been sold. should I point this out to equifax and experian? thanks, shirley

Wait a minute Shirley, can they do that??? I thought they couldn't do that. That doesn't seem right at all. :cry:

~Mary

[quote=Rach]when does the 7 yr start? first late payment or last?[/quote]

It should be counted from the date of first late payment; however, it would be better if you verify it with credit bureaus. Keep us posted on this.

[quote=Shirley]The date of last activity WAS 11/2002. NOW they've changed it to 03/2003.[/quote]

This is not right. Date of last activity can be changed if and only if some activity is seen in your account. Placing dispute, asking for validation or selling an account to collection do not restart the clock.

I know you've been trying hard to settle these accounts. It's really very strange that they verified the account with bureaus but did not send you validation. I cannot think out any reason of this behavior.

You should dispute it with credit bureaus. Explain all the facts to EQ. also mention that you asked for validation, but they did not respond to you. Attach copies of your correspondence so that bureau can verify your claim. Let's hope for the best.

Thanks all for the posts. i was hoping this subject would get others to post questions about thier reports. Keep it up!! AS i posted above my EQ stated closed by grantor. My TU states "acount closed by consumer>maximum deliquency of 60 days Nov 02! Now what? Its the same account.

Account closed by consumer should be your choice always. It's good that TU report is good with this account. Lots of instances are there in this forum and other places regarding dissimilarity of credit reports. It's a very common problem you know.

After knowing about TU report, I would go with sending dispute letter to EQ and attach copy of TU report too. It will make your claim stronger. If EQ update depending upon your TU report, you win the game. But if they run an investigation, the ball will be in your creditor's court and it's their choice how they would define the account.

Let's see what other members suggest you.

Yes I have a account with MBNA America is back in 1999 not I was late on payments with it understand that part but on my report it list the account as settled under present status but in the comment line it says for TU & XP Election of remedy-reported by subscriber: check credit or line of credit: account paid in full. And EF says settled- comment settlement accepted on this account: line of credit. Now I paid this bill in full and it never went to any collection agencies and I dealt with MBNA so what does all this mean shouldn't it say Paid in Full in status column not settled :?:
And how do you figure out how long on CR here is an example of one on mine Fingerhut Last report date 11/01 date opened 11/00 & 04/01 late dates 7/01-60,8/01-90,9/01-120,10/01-150+ so what date would I go by to when this thing would come off my CR :?: Also this account is listed 4 times on my CR 1 with fingerhut as name and 3 different others with collection agencies all claiming I owe this account to them. So mind boggling :roll: . appreciate any input always welcomed. Pcbusdriver362000 (Paula)

Paula,

Credit report should always reflect the accurate status of your accounts. You have all the right to dispute any inaccurate entry on your credit report. Credit bureau will run an investigation and update the account accordingly.

Moreover, one account cannot appear several times in your report.

http://forums.debtcc.com/forums/multiple-entry.html

You have to place dispute for these two errors. Send your dispute letter through CMRRR and keep copies of the letter with yourself.

Credit bureaus are supposed to respond to your letter within 30 days. If they fail to respond within this timeframe, you have to send the second letter.

Okay---just noticed on husbands credit report that although Dell has his accounts as listed as 'charge offs'---they are still reporting every month?? Why do they continue to keep reporting every month after the charge off mode? that is what it means by 'last update' right? They have reported every month since the charge off.

****Also***** what does it mean if Date of last payment and date of last activity are different? they show date of last payment as being 09/2003 but date of last activity is 03/2003 (how can that be?)--date closed as being 06/2003. Credit Bureau (equifax) also changed the date of last activity from what they were reporting in several of the reports. It was 11/2002 now its 03/2003. its been moved up which means it will be on my report longer now. Shirley

OK, I am definitely no expert here, but I don't think that is right. I think you would be able to dispute these dates being changed.

Shirley, have you ever checked your Transunion credit report? On mine, there is a line that says something like "Estimated date that this item will be removed from credit report" and it gives a month/year. I wonder if that date is changing as well? Because a few of my accounts say "Date placed for collection" and then "Estimated date..." is only 5 years later, not 7. I'm confused!?!?! :)

~Mary

hey everyone! Well Stanley, David & Shirley,put thinking caps on have a several questions for ya. weel me and hubby are going to the bank tomorrow to try to get a refi loan to pay off 1st mortgage and pay off other bills and to get extra money so we can put a roof on before we loose the back bedroom and kitchen.Fingers are crossed :!: Now here's the question(s): 1.I pulled our credit reports already this morning now I got mine from Equifax and Experian , like Equifax you can really understand it very informitive. Hubby got Experian only. The rest Transunion won't give me mine or hubby's said something like I have to call and get it our records are Not online :?: And Equifax won't give me hubbys says have to call :?: I thought all 3 CRB are suppose to give you your report online if asked?
2. Now I want to be reading my reports right, on Equifax it has Fingerhut listed current St. Charged off, Date reported 11/2001, so I go by that date for it to be off my report right? Also it has Charge off amount: $0 & date of last activity: N/A comment charged off by creditor. what is c-off amt $0 mean?
Now JeffersonCap AKA Compucre suppositly has fingerhut account Date opened N/A date reported 03/2005 date last act. N/A Charge off amount $0 What is all that? Now both Fingerhut and Jefferson claim $353 as a amount but Jefferson says owed $412, red flag!! right?
Now is Fingerhut a charge off or What??
3. Capital one account date major delinquency first reported 11/2004, months reviewed 4, closed acount, charged off, and charged off amount $563 now amount of balance is $747 so what date do I go by and why is there a difference in amount c-o and due amt? Do I just pay the difference and it should make my account with them ok?
I just want to be ready for tommorrow and have any important letters, paid receipts, and anything else that would help us get the loan and to explain anything on our reports,that can explain anything wrong on them. So Help please. I just want to go in with confidence not look like a jerk or jack... or looked surprised about anything I do know our credit scores but they are dated from 2/3/2006 got them from the company that turned us down, plus have what reports from today and have a copy of all 3 put together from when the company pulled our CR on 1/10/2006. I do know between us both our credit scores went up in 4 reports and 1 went down a couple of numbers and one stayed the same. Will that help us?? if I show the differences between just the past 2 months? Ok waiting and watching for replies. Thanks ahead of time everyone.My hubby said maybe we have a chance since I have been talking with you all and getting Correct answers and answers period this is the first site that has helped me so far and you all have been great! :D :D

Hi Paula :)

I can only contribute to one of your questions, your first one. I had a similar problem with one of them. Did they ask you those funky questions to verify your identity (multiple choice ones, like which street have you lived on, which company do you have a mortgage with, etc)? I answered one of those wrong and they wouldn't let me have access. Maybe that is what happened to you, maybe not, but either way give them a call and they are very friendly, from my experience.

We'll be crossing our fingers for you tomorrow, good luck! They usually use the middle credit score so if a couple of them went up, that should help you! Let us know how it turns out, ok? :)

~Mary :)

Will do and thanks and yes they did ask those dumb questions and maybe I answered wrong because Our 1st mortgage use to be with Integra but now its National City Mortgage co and they were asking about the company when it was opened in 1993 so Intergra wasn't there so I put National city mort. because it was there, maybe I should have answered none of these above answer. Ok thanks
Paula

Paula,

I really appreciate your approach. Little preparation is required before going to face them, it gives you some support.

Anyway, it looks like your credit report is incomplete. Some data are missing; perhaps your creditor did not report it to the bureau. Basically, charged-off status denotes the debt to be uncollectible. It is definitely a negative item in your report. Charged-off mark goes off automatically after 7 years from the date it declared as charged-off.

However charge off with 0 balance does not make any sense. If no debt was outstanding, how it was charged-off? I think you should dispute this entry with credit bureaus. You can have a telephonic conversation with bureau too. Visit their site for number to call.

Quote:

• Before paying your debt to CA, ask for validation. It's a must.
  
• Before paying to CA and OC, make an agreement for your payment.
  
• If you decide to send letters to CA or OC, send it CMRRR.
  

pcbusdriver

Quote:

• your payment history will be reviewed.
  
  
• Total balance owed.
  
  
• The duration of the credit you took.
  
  
• The types of credit taken by you.
  
  
• They will look into your new credit.
  

Thanks :) Mary, Stanley and David. I'm hoping the bank gives us a green light we really need to fix the roof, and if they don't, don't know then we can't rob peter to pay paul because we are trying to keep everything up to date and thats what got us in this sitution in the first place. we took other payments to pay other payments and other things popped up and tada a whole BIG mess. Man it's getting harder because other things are popping up and things we totally forgot about, well nobody contacted us and well we forgot about them and now they want to stick there :mrgreen: heads up and say ha we are still here some of them are 4yrs in the waiting thought after 4 yrs they can't reopen it on your report I live in PA?? Well mean put in a updated date like 2/2006 when the thing is way back charge off date 2001 or 2002. Doesn't mean that maybe we won't pay something like a settlement or something but put them on the back burner and take care of the most resent ones with a longer time before they disappear off the record.
Well finishing up all the get together paper work, even some that I think might need just incase better safe than sorry. credit scores not the greatest hubby's are 592,590,566 & mine 563,552,519 the last one 566 & 519 are transunion they give us a hard time about disbutes we had to once before a couple of yrs ago and it took 6 months for them to finnally do something.Wish tehy would go by the highest ones of his and the highest one of mine maybe we would fair out.
I even did a monthly budget worksheet up of current BILLS and did one if we would get the loan and how much our payout a month would be. Can't wait till all over and to the good. Fingers crossed.I'll let ya all know.

Quote:

Hi everyone! Have a quick question. Can I dispute inaccurate dates the actual account was opened on my credit report? Just about all the negative accounts on my report have wrong "date opened" dates on my report that I am almost 100% positive I remember when the accounts were opened. Can I dispute this matter?

Hi Shar,

You can dispute anything that you disagree with. Try to have some paperwork from these accounts to back your claim.

~Mary

Nice looking avatar there Mary, really cute, but don't at it too long it drives ya buggy LOL

Well got my first green card certified card back today from Equifax. They signed it Feb 25th so do I give them 30 days from that date ot the date on the letter???? Harrisburg postage stamp says Feb 23rd. Thats the date on the letter. Hopefully they don't take the full 30 days,
Paula

In my experience with debt validation, I haven't received but one validation and it wasn't a validation. All it had on it was the amount on their letter head. There was no account number, name of creditor, whether they were licensed to collect in our state or any of that kind of info.

Paula,

Date of signing the receipt seems more valid here. If they fail to respond to you within 30 days of receiving the letter, you can send the second dispute letter mentioning the receipt number of previous letter. Hope you will get some positive response. Best of luck.

Thanks hope I do. If our reports would get taken care off and all the stupid mess ups off we would probably not being having a hard time right now getting a loan. The only hold up would be Citi Financial. And that would be great then it's only one thing not a whole lot. I'll keep in touch.

Hello All! I have seen where types of credit can affect credit score. I have 3 mortgage loans. All are current-never late. One of these is with Household fin. co. My credit report shows two accts one open with balance & the other open zero balance (same loan). Is this open acct zero balance affecting my score negetively? My CR shows 4 mortages. Thanks for your time. Rach

Rach,

Open account with zero balance does not affect your credit too much, provided you do not have plenty of such accounts.

However, you have 3 mortgages and your report is showing 4. This is not correct. Your credit report should always be perfect. Creditors prefer those people who are sensitive to their credit. IMO, you should get it corrected.

One question Rach, are all the three reports showing this error? In that case you have to dispute it will three bureaus separately. Keep us posted.

hey mary cool avatar I like that one makes me smile which I haven't been doing lately but we are trdging on did a loan thing again boy had several respones and they are all trying to get us a refi loan fingers crossed again, heard from 2 CR agencys so waiting on the third and 30 day count begins!!! Timer set and 3,2,1 go hope they are ready for me :D catch ya all later.
Paula

Great Paula!! I am guessing you went through a smaller company instead of a bank? They usually have more options for you. Keep us posted!!!

~Mary :)

He looks like my kitty Smokey. Yeah we currently have about 10 lenders all trying to get a loan for us and we are gonna compare to see who has the better deal. Hopefully ! all we need is just "1" to help us we started with 12 but 2 dropped out already. We will see. I knoww Shirley had a rough time with HFC but they are one still in the running to try. If they are not the one we should consider let me know please. Thanks
Paula

I have some Items set to drop off my credit report in the next couple years around the time I need to help my mom purchase her home. I want to pay back the debt, but I'm wondering if I do so now will it extend the time on my credit report?

Thanks

Christopher,

As per my understanding, it depends on your creditors or the collection agency you are dealing with. However, if you pay the debt in full with one lump sum amount, chances are the reporting period will not be extended. You can discuss this issue with your creditors also and get the report updated in your favor.