Discover Card Account Close Date Dispute Help?

Anonymous · ‎01-03-2010

I could use some advice on my paid collection with Discover Card.

Discover Card is currently reporting a charge-off on my credit from 2007, the date the account was settled. However, I know the account was closed in May of 2003 as part of a credit counseling agreement.

I disputed this with the credit reporting agencies and it comes back as verified.

Here's the question.. I have a mailed statement sent by Discover in August 2004, showing "credit limit of 0" and a refund of overlimit fees, as well as the Cashback Awards being completely blank.

Does anyone know if Discover would consider this proof of a closed account?

Thanks!

AndySoCal · ‎01-03-2010

is the 2007 date showing as the date reported ? If so this would be correct reflecting the reporting of the settlement. The bureau as another field if shown on the credit reprort is date closed which would be the 2003 date.

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Anonymous · ‎01-03-2010

The account close date is reported as 2007, and that's where I think the mistake is...

Based on what I know of credit reporting, if the account was closed in May of 2003, it should disappear in May 2010; even if the payments occured later. Is this correct?

bostonte · ‎01-04-2010

@Anonymous wrote:

Based on what I know of credit reporting, if the account was closed in May of 2003, it should disappear in May 2010; even if the payments occured later. Is this correct?

No.

Anonymous · ‎01-04-2010

So it's permissiable for payments to be reported after the account was closed and then charged off?

Thanks!