Reply
Regular Contributor
coachb123
Posts: 119
Registered: ‎12-04-2011

Dispute Results: Please Help!!

So during my credit report clean-up I disputed and old mortgage that had a late payment.  This account was set to fall off my record in August, 2012 but I disputed it as being obsolete.  Experian removed the one 60-day late that was showing and now reports it as a positive account until 2015.  Transunion completely deleted the old mortgage.  Now for the problem.  I got my dispute results back from Equifax and now it shows a NEW 60-day late as of Feb, 2012!!  This account was paid and closed in August of 2005!!

 

How can they report a NEW 60 day late 7 years after the account was paid and closed???  Can I file a new dispute??

New Contributor
googly
Posts: 55
Registered: ‎01-12-2012

Re: Dispute Results: Please Help!!

Sure...


Starting Score: 674 (Jan 12)
Current Score: 791 (Jan 13)
Goal Score: 800 (If I shoot for the stars, I may hit the moon)


Take the FICO Fitness Challenge
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012

Re: Dispute Results: Please Help!!

Something doesn't seem quite right here.  So they reset SOL or something?

Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Dispute Results: Please Help!!


coachb123 wrote:

So during my credit report clean-up I disputed and old mortgage that had a late payment.  This account was set to fall off my record in August, 2012 but I disputed it as being obsolete.  Experian removed the one 60-day late that was showing and now reports it as a positive account until 2015.  Transunion completely deleted the old mortgage.  Now for the problem.  I got my dispute results back from Equifax and now it shows a NEW 60-day late as of Feb, 2012!!  This account was paid and closed in August of 2005!!

 

How can they report a NEW 60 day late 7 years after the account was paid and closed???  Can I file a new dispute??



For clarity...does the month and year for the late show as 2/2012? The mortgage was paid off, right?

 

Or did the new 60-day appear somewhere in the past history, prior to paying it off?

 

 

Regular Contributor
coachb123
Posts: 119
Registered: ‎12-04-2011

Re: Dispute Results: Please Help!!

Here are some of the specifics:

 

Date Opened: 10/2004

Date Reported: 3/2012

Date of Last Payment: 5/2005

Date of First Deliquency: 5/2005

Date Closed: 8/2005

 

Current Status: Pays 61-90 Days

 

Activity Description: PAID and CLOSED

 

In the payment history it lists a 60 day late in July 2005 and now a NEW one for Feb 2012.

 

So what the heck is going on?  I disputed as being obsolete.  Like I said Experian removed the 60 day late and Transunion deleted the entire tradeline.

Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: Dispute Results: Please Help!!

I would bet that the "new" reporting date of the delinquency is just the last date it was updated.

Creditors regularly provide full updates of their prior reporting, including all prior account history.

A prior level of delinquency is set within your CR either under the current status or the payment rating code(s).

Re-reporting that same prior status is not an updating of the date of occurence of the delinquency itself.

I think its just a status code update.

Regular Contributor
coachb123
Posts: 119
Registered: ‎12-04-2011

Re: Dispute Results: Please Help!!

I really don't understand what your saying.  I am showing a recent 60-day late AND an old 60-day late.  The update dropped my EQ score 50 points, and I am assuming it has to do with this new 60-day late.

Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Dispute Results: Please Help!!

I'd just call the lender and ask what's going on.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+