Reply
Contributor
Posts: 88
Registered: ‎08-17-2012
0

Denied

Started at 495 now at 603 went to the myopic recommended cards for my score range and was denied now I wasted a inquiry bad decision  on my part I thought I had made some progress but apparently not. I have a car loan that seems to only report on TU not the other two any reason why that would be the case and not be reported to all three its been 9 years now it seems like its on its third collection agency how would I research if this should have fallen off yet?

8/2012 485 FICO
2/2013 611 FICO
6/2013 602 FICO

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Denied

I'm sorry but I am having a hard time deciphering your post.  I can't tell what your questions are.

Contributor
Posts: 88
Registered: ‎08-17-2012
0

Re: Denied

my apologies a little frustrated. I was wondering can a CA continue to sell my defaulted car loan to keep it from coming off my credit report?It seems to have changed CA's a few times

8/2012 485 FICO
2/2013 611 FICO
6/2013 602 FICO

Valued Contributor
Posts: 2,400
Registered: ‎03-15-2012
0

Re: Denied

Depending on your state laws, a car sale is considered a contact, so most likely it's still collectible ten years from the most recent delinquency, that was never recovered from. Was it a repo?
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Denied

[ Edited ]

jeremyd82 wrote:

my apologies a little frustrated. I was wondering can a CA continue to sell my defaulted car loan to keep it from coming off my credit report?It seems to have changed CA's a few times


Yes, they can sell the debt over and over again. They all use the same DoFD which comes from the original creditor.  It is the date you first became delinquent and never brought the account current again.  That date cannot be changed.  It is a federal law.

 

What I am saying is no matter how many times it is sold, it will still come off your report in 7.5 years from the DoFD.  Selling doesn't restart anything.

 

The debt will always be owed until paid so they can try to collect forever.

Contributor
Posts: 88
Registered: ‎08-17-2012
0

Re: Denied

no it was not a repo I was very foolish in my lower 20's but I guess alot of people were the DOFD is displayed on my credit report correct any reason it would on be reported to TU vs the other two or even all three?

8/2012 485 FICO
2/2013 611 FICO
6/2013 602 FICO

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Denied

Creditors sometimes only report to one CRA, not all 3.

 

TU will show a drop off date, not a DoFD.

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 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.