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Credit reporting on Equifax

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meljeff1
Contributor

Credit reporting on Equifax

I have two capital one credit card accounts that are open. I have never had a cap one account closed, but when I looked at the closed accounts on my Equifax report it shows a cap one account closed.  On Equifax it says it was opened in Feb 2012 and closed in March 2012. It also says transferred and sold. Should I dispute this charge because I'm really not sure why it's listed?

Message 1 of 6
5 REPLIES 5
guiness56
Epic Contributor

Re: Credit reporting on Equifax

Did you open a Cap 1 account in Feb 2012?

 

Can you post the TL as it shows on your CR?

Message 2 of 6
meljeff1
Contributor

Re: Credit reporting on Equifax

CAPITAL ONE       XXXXXXXXXXXXXXXXXXXXXXXXXX 

02/24/2012 $0 09/09/2013 PAYS AS

AGREED

$300

CAPITAL ONE

PO Box 30253

Salt Lake City , UT-841300253

(800) 477-6000

Account Number: XXXXXXXXXXXXXXXXX Current Status: PAYS AS AGREED

Account Owner: Individual Account. High Credit: $ 85

Type of Account : Revolving Credit Limit: $ 300

Term Duration: Terms Frequency: Monthly (due every

month)

Date Opened: 02/24/2012 Balance: $ 0

Date Reported: 09/09/2013 Amount Past Due:

Date of Last Payment: Actual Payment Amount:

Scheduled Payment Amount: Date of Last Activity: 05/2012

Date Major Delinquency First Reported: Months Reviewed: 18

Creditor Classification: Activity Description: Transfer/Sold

Charge Off Amount: Deferred Payment Start Date:

Balloon Payment Amount: Balloon Payment Date:

Date Closed: 03/2012 Type of Loan: Credit Card

Date of First Delinquency: N/A

Comments: Account closed at consumers request

 

The two accounts that I opened were open in May and Oct with cap one.

Message 3 of 6
guiness56
Epic Contributor

Re: Credit reporting on Equifax

It is an account in good standing and is not hurting your score.

 

You can dispute as not yours if you want.

Message 4 of 6
meljeff1
Contributor

Re: Credit reporting on Equifax

Well the issue is that its in the negative accounts grouping. I have unfortunately had late payments on my cap one cards in the past, so not only are the two open accounts showing in the negative accounts for a late from a few months ago, this closed account is also showing in the negative accounts section as well. That is why I am concerned because I think it might be affecting my score. So does that change anything? Thanks for your help.

Message 5 of 6
guiness56
Epic Contributor

Re: Credit reporting on Equifax

If there were lates on the account, yes, it is affecting your score.

 

Instead of disputing with the CRAs and you know for a fact it is not yours there are 2 different routes you can take.

 

One would be to file a direct dispute ( below in my signature) with Cap 1 telling them it isn't yours.

 

A better way would be to fill out a fraud affidavit http://www.ftc.gov/bcp/edu/resources/forms/affidavit.pdf and take it to the police station and file a report.  Send both reports to the CRA and tell them to block the TL.  The CRAs have to block the account and you are not required to prove fraud.

 

Also send both forms to Cap 1 and ask for all history on the account.

Message 6 of 6
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