Credit Card Center Advertiser Disclosure

New Member
Posts: 5
Registered: ‎07-18-2007
0 Kudos

Hi I have some questions regarding my credit file.   I ha...

I have some questions regarding my credit file.
I have 2 revolving accts that state they are closed but in good standing. If they are closed then why the heck are they still there and these are credit cards in which I never used so why are they even posted on my report and are they doing me more harm than good?should I see about getting them removed or leave them there?
I have 1 revolving acct that states it is not rated. I was an authorized user on the acct. it says A settlement was accepted is there any way for me to have this removed from credit file?
I have 1 open Installment it says collection acct. but it is actually a old phone bill like 4 or 5 yrs old( installment is usually in regards to a loan or something of that nature correct yes / no)  this one is dated  ...Date opened 01/2007..Begin balance date 05/2007.
These dates are not accurate and so Im wondering if this could be grounds for removal of the collection from my credit file.
Dont get me wrong I plan on paying what I owe and that is one of the reasons I applied for my loan ( so I can pay off past/current debt) but I was hoping if I could get any of the accounts removed then that would be one less item that doesnt look bad for my credit file. But I figure if I dont get it paid then sooner or later it will come back to haunt me . so in no way am I trying to get out of paying my debt Im trying like heck to rebuild my credit. 
 thank you for any advice I look forward to your opinions
Thank you
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007
0 Kudos

Re: Hi I have some questions regarding my credit file.   I ha...

[ Edited ]
As to #1   all good tl will stay for 10 years
All neg.remarks from a TL  will fall off in 7 years
You want to keep any open or closed account that have no neg. attached.
A part of your score is in history....the longer the history the better!!!!!
#2  as an AU  you are not respomsible for bill...DISPUTE with the CRA  as not mine!! It should be deleted
#3  Phone bill....send CA a DV letter. Be sure to send it CMRRR.  link to all letters & how to use them
NEVER ADMIT to owing a bill. Make the collection agency prove it!!!!!!! I never talk to them on the phone either. You can not trust them.

Message Edited by HappyDays on 07-18-2007 07:02 PM
Established Member
Posts: 84
Registered: ‎06-21-2007
0 Kudos

Re: Hi I have some questions regarding my credit file.   I ha...

1. All positive accounts report on your CR for 10 years after they are closed. Negative accounts report for 7 years after they are closed. It doesn't matter if you never used the card, they still report your account. If you have a positive credit history then these 2 revolving accounts shouldn't be hurting your score. You will probably not be able to have them removed unless you can prove that they don't belong to you or the information being reported is incorrect (in which case it will be corrected, not deleted).
2. Dispute the settled account as not belonging to you. As an AU you are not responsible for the cardholder's issues.
3. Installment does not always mean that the account is a loan... Sometimes it just means you agreed to pay them for something for a certain amount of time. For example I had an account with Bally's that showed up as an installment account but it was not a loan, it was my monthly dues that I agreed to pay for 3 years. You can dispute the dates for the account to get them corrected, but you can't get the account removed unless you PFD or can prove that the account doesn't belong to you.
As the previous poster said, DO NOT negotiate with the CA over the phone. Do everything in writing. They will try to trick you and intimidate you over the phone, and you can't prove anything that they supposedly said, so it's in your best interest to do it in writing. It gives you proof and backup.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.