07-09-2007 06:42 PM - edited 07-09-2007 06:50 PM
07-09-2007 07:21 PM
They are not required by law to report every month or even report at all.
flygirl wrote:WTH.....I paid off 2 loans back on May 14 for a total of about 2300.00....as of today, they are still showing my balance before I paid them off. So I went up to the loan office today to inquire about it. I was told that they don't have to report to the CB but every 4-5 months. WHAT???? I will NEVER do business with them again. Never really wanted to to begin with. They are one of those slick companies that sends you "loans in the mail'. They sent me a couple of checks back around Christmas time....and wrote in big bold letters "THIS IS A REAL CHECK"....by depositing it you agree to the terms and conditions...blah blah blah!!! I'm a BIG Christmas spender, so the checks were tooo tempting!!! NEVER AGAIN!!!!!Is there anything I can do to make them report my PIF accounts??? Maybe I made em made by paying my loans off early, but geez!!! This could really help my scores by bringing my util down!!
Message Edited by flygirl on 07-09-2007 08:50 PM
07-09-2007 07:46 PM
Lori344 wrote:Just dispute as "incorrect" with the cra's... they have to respond with the correct info
07-09-2007 10:50 PM
Lowering your revolving util to 1-9% will boost your scores significantly, the same cannot be said about a loan reporting PIF, your scores might slightly improve or they might not. But I also understand it feels good to see paid as agreed, $0 balanced on your CRs.
Lori344 wrote:Just dispute as "incorrect" with the cra's... they have to respond with the correct infothanks Lori344....but i already did that. I disputed as incorrect balance, and they STILL came back saying the old bal is being reported correctly...hmmmm
07-10-2007 06:44 AM
07-10-2007 08:09 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.