@Anonymous wrote:
...I guess I have two main questions:
1. I know the account will always be a CO - but should they continue to report CO status for months after the debt was paid?
2. If they report a CO for say Sept 05, can they also report that as a 90 day? Shouldn't it be one or the other?
Message Edited by tidbit1 on 09-18-2008 09:25 PM
1. Yes, they will continue to say CO like that. This isn't saying that they're charging it off, every month, but that it went into charge-off status on X date, and that's where it remains.
2. I know it's nauseating to see all those 90's listed, but what counts for scoring is the most severe/ most recent. So he doesn't really have a dozen 90's and an 120 and repeated charge-offs on that account, he just has a charge-off.
The thing that you want to make sure is accurate is that it displays the 09/2005 date. Having it show "status date June 2008" doesn't sound right to me, but the EQ is always a bit funky about how they display their dates. We need a more experienced rescuer on this one --Timothy? sidewinder? and the others? help!
And finally, it's also good to remember that graphic displays often confuse the issue. What's important is to make sure that the text part is correct.
(I'm now taking my limited understanding of this and getting out of the way, so that the experts can clean up what I just said.
)
* 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