Rebuilding Your Credit

[Asailorshort]

Just need to vent About a month ago I requested experian update an old car loan I had as it has been paid off and they were still showing it as open with ~$3k balance. Well, today I got a message that they resolved my dispute so I went to check. They did in fact update and show a zero balance BUT now all of a sudden a 30 day delinquent sowed up from 2008 on the account. The account was never late but now I have to call vw credit and get them to fix it. I'm sure it was just some sort of clerical error but in my frustration it just feels like it was intentional particularly since that late in 2008 wasn't there before I disputed the acct to get it updated. (it was shown as 'ok'before the update).

[llecs]

I had an auto lender do the same. In my early repair days I disputed it and they doubled the lates, all of which were accurate. That's one of the last times I ever disputed.

A 30-day from 2008 isn't hurting any. If it does bug you, you can always submit proof to the OC and ask them to remove it.

[RobertEG]

I would handle by way of direct dispute with the creditor.

The fact that it was not previously reporting does not mean that the account was not delinquent in the month reported.  If, upon review of your account, they determined there actually was an unreported delinquency, they can report it.

The CRA has no way to independently determine the accuracy of the information itself, and will simply forward to the credtior for their investigation.

By filing a direct dispute, you cut out the extraneous middle man.

[Dishpro]

I have two 30 day lates from 2007 and they are not supposed to have a negative impact any longer. What concerns me about them is on MyFICO CR in the Understanding your FICO Score page, under Whats hurting your score, it still points out that I have 2 past due accounts. It seems that FICO is still holding them against me.

[RobertEG]

As long as the derogatory information remains in your CR, it will be considered a negative item, regardless of how FICO is now scoring it.