Credit Card Center Advertiser Disclosure

Posts: 89
Registered: ‎07-28-2012
0 Kudos

Can someone PLEASE help me understand something

Sorry this is a two part question.

1. Is it possible for a paid account from the original creditor ( that was past due) show a current status of 120 days past due but also show a 0 balance?

2. I have two accounts from Sallie Mae opened in 2002. They were past due as well but they were paid in full some time in 2005. They are still showing in my report with a 0 balance and a status of paid as agreed but still reporting that the account was 120 past due 4 times. I tried to dispute this deregatory information with the credit bureaus stating that it has been more than 7 years since 1st delinquency and should be removed. They responded stating that it is to stay in my credit report for 10 years so until 01/2015. Is this correct? How can they still report the 120 days past dues for 10 years? Or maybe I dont understand... Help?
Moderator Emeritus
Posts: 14,122
Registered: ‎04-15-2011
0 Kudos

Re: Can someone PLEASE help me understand something

Ok... here's how I think this ought to work.  The account was never charged off, so then there would be no DOFD for the account to charge off from.  The lates would have been the neg. on your account.  They should have aged off individually 7 years from their respective dates and the account should have turned into a positive account and stay on for 10 years.  The current status is reporting incorrectly.  It should read  Paid/Closed.  

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
New Member
Posts: 5
Registered: ‎09-26-2012
0 Kudos

Re: Can someone PLEASE help me understand something

I too have entries on my credit report like this. So, how do we fix something like this, especially when he already tried to dispute his derogatory information with the credit bureaus stating that it has been over 7 years and that apparently didn't do any good.  I'm afraid to dispute anything else on my report because it seems like it hurts me more than anything else.  I have one entry that I disputed and now all of a sudden the beginning date of the debt is like 2010 - which is absolutely not correct. 

Shine On!
Posts: 89
Registered: ‎07-28-2012
0 Kudos

Re: Can someone PLEASE help me understand something

I guess I will be disputing the one status of 120 days past due and maybe GW Sallie Mae to remove the 120 lates.
Community Leader
Epic Contributor
Posts: 29,712
Registered: ‎03-19-2007
0 Kudos

Re: Can someone PLEASE help me understand something

Current status reflects no history prior to its... current status.

While an account remains delinquent, it can continue to report a current status of, for example, 120 late.  The balance due does not necessarily denote its current delinquency status.... for example, a creditor could have a delinquent account and sell the debt, which requires them to report a balance of $0.  That does not mean there is no debt remaining on the account, or that it is no longer delinquent.  The issue is whether the debt was satisfied (paid).


When a delinquent account is brought back into good-standing, either by paying and keeping  the account open, or paying delinquent debt on a closed account, the current status then switches over to a payment, rather than delinquency, status.  When that occurs, the prior level of delinquent prior to its new paid status is retained under a separate code called your Payment Rating.  So your file shows its current status of paid, and additionally shows the prior 120 late status.  Its just a matter of which storage bin contains the info.


A paid, closed account will have a current status of paid, a current balance of $0, and if it had prior delinquencies, a payment rating that reflects the level of prior delinquency.

Info does not disappear based on payment.


Any prior monthly delinquency is prohibited, under FCRA 605(a)(5), from continued credit report inclusion after 7 years from its date of occurence of the delinquency.

If a prior delinquency remains after its statutory exclusion date, one of two things is wrong.  Either the creditor reported the incorrect date, in which case the CRA is not at fault, or else the CRA has failed to monitor the expiration of the 7 year period.

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.