Reply
New Contributor
SMikulski49
Posts: 52
Registered: ‎03-09-2009
0

Card showing as lost or stolen

[ Edited ]

Hey guys, I just checked my fico score (equifax - 786 and TransUnion - 767) last night and I noticed that there is one credit card 'bank of america' that is showing as lost or stolen. It shows I opened it on 12/2003, the only ard I opened that  month is the one that is showing fine on my report. . I never reported lost or stolen cards and im not sure why its on my report, I have never seen it on there in the previous times I checked my report. It only reports like this on equifax and not on transunion.

 

Should I get in touch with back of america to see if they reported lost or stolen card? How can I find out more information about this?

 

Another question - I co-signed on a stuent loan. We qualified for 75,000 max but so far she only took 6,573. This is reporting as a revolving account. Why do my student loans report as installment loans and this one reports as a revolving account when its just a personal student loan taken out. Is this good or bad that its showing up like this? When I click on details for this account it says largest past balance 75,000, under descriptions it says line of credit and payment deferred.

 

Thanks for your help everyone

 

Stan


Starting Score: TU-775; EQ-799; EX-766
Current Score: TU-775; EQ-828; EX-828
Goal Score: TU-800+; EQ-850; EX-850


Take the FICO Fitness Challenge
Frequent Contributor
ArisGreek
Posts: 477
Registered: ‎09-24-2010
0

Re: Card showing as lost or stolen

Hi Stan,

 

I would talk to BoA first to see what's going on with your card.  if BoA doesn't know why that's happening I would then dispute it with the bureau(s) to clear that up. I do not think it has an affect on your credit score.  

 

As far as the student loan, if it is a personal loan (simple interest) it will show as a revolving account.  If it's a consolidated loan or a loan from the government it shows up a installment loan.

 

I'm sure other people could touch upon this, as well.

===========
TU: 745(TU98) | EQ: 774 | EX: ? | NO BADDIES!
What's in my wallet? AMEX Platinum, United Presidential Plus World Elite MC, AMEX JetBlue, Nordstrom Visa Sig, Chase Sapphire Preferred, Discover More, AMEX Zync, Citi AAdvantage Plat Select Visa, Banana Republic, Home Depot
New Contributor
SMikulski49
Posts: 52
Registered: ‎03-09-2009
0

Re: Card showing as lost or stolen

I myself had privent loans and government loans and they all showed up on my credit report as installment loans. That is why I am a little confused why this one is showing up as revolving account.

 


Starting Score: TU-775; EQ-799; EX-766
Current Score: TU-775; EQ-828; EX-828
Goal Score: TU-800+; EQ-850; EX-850


Take the FICO Fitness Challenge
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Card showing as lost or stolen

 


SMikulski49 wrote:

 

...Another question - I co-signed on a stuent loan. We qualified for 75,000 max but so far she only took 6,573. This is reporting as a revolving account. Why do my student loans report as installment loans and this one reports as a revolving account when its just a personal student loan taken out. Is this good or bad that its showing up like this? When I click on details for this account it says largest past balance 75,000, under descriptions it says line of credit and payment deferred.

 

Stan


 

It's possible that it's just displaying wrong on the myFICO reports. This can happen with any monitoring service report, including myFICO.

 

What you need to do is check on the full credit reports, the ones that you get via annualcreditreport-dot-com and/or the credit bureaus themselves. (Don't sign up for anything or buy scores in the process; just get the full one-time report.)

 

Check the status on the full reports, because they're what are used for creating your scores. If this is showing as a revolving line of credit on the full reports, that might be a problem.

 

The good part would be that since the CL is so high, it should be ignored for calculating your revolving util. But it's odd that a student loan would report as a line of credit. Where did the SL come from? What type of loan is it?

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}