Confused.. help me think correctly!! :-)

ktl72455 · ‎02-09-2014

I have looked on here and cant find what I want or not working it right for the search .

OC had a CC account and it was a CO and Credit report states ( EX) ( TU and EQ show recent balance as 0.00)

Recent Balance=20,739.00st as of May 2013

Original Balance or Limit 18,700.00 .

Status

Purchased by another Lender . (Which is actually a CA.)

CA is reporting

CL or original Amount= 20,739

Recent Balance=21,142 as of Jan 2014

Status:

Collection Account. 21,142 past due as of Jan 2014.

#1 Isnt OC supposed to update account after account it sold with a 0.00 balance?

#2 with this OC reporting this way , is it impacting UTL?

#3 Anything I am missing or not undertanding?

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%

Shogun · ‎02-09-2014

@ktl72455 wrote:
I have looked on here and cant find what I want or not working it right for the search .

OC had a CC account and it was a CO and Credit report states ( EX) ( TU and EQ show recent balance as 0.00)
Recent Balance=20,739.00st as of May 2013 If purchased by another lender, should be $0. This is the OC so yes, util is factored.
Original Balance or Limit 18,700.00 .
Status
Purchased by another Lender . (Which is actually a CA.)

CA is reporting
CL or original Amount= 20,739
Recent Balance=21,142 as of Jan 2014
Status:
Collection Account. 21,142 past due as of Jan 2014.

#1 Isnt OC supposed to update account after account it sold with a 0.00 balance?
#2 with this OC reporting this way , is it impacting UTL?
#3 Anything I am missing or not undertanding?

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.

ktl72455 · ‎02-09-2014

Thanks I thought I was right!!! Ok so now another problem. I have disputed this with EX and pointed it out and even sent copies of the CR showing the errors and circled.

They say there is nothing to fix.

Isnt there some FCRA 20 1a blah blah blah to state in my next one to make thiem fix this or make OC update it or hehehe just delete it!!

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%

Shogun · ‎02-09-2014

Direct dispute with the OC would be the course I would take.

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.

ktl72455 · ‎02-09-2014

Ok will do, and if they do nothing? Also do I have to allow them a 30 day window to update?

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%

Shogun · ‎02-09-2014

They have to respond to a direct dispute. Look at the sticky at the top about them. RobertEG and guiness have some good info.

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.

ktl72455 · ‎02-09-2014

Ok thanks!!!

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%

RobertEG · ‎02-10-2014

Yes, send the OC a direct dispute.

The basis for the dispute is their failure to have complied with FCRA 623(a)(2), which requires a furnisher to promptly update any reporting as necessary to maintin its current accuracy. Their next regular reporting cycle would be my definition of "prompt."

Sale of the debt leaves a $0 debt balance owed to the OC, so if they have in fact sold the debt, it should be a no-brainer.