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New Contributor
Posts: 69
Registered: ‎09-13-2012
0

Re: False reporting mistake by USAA

[ Edited ]

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This is from my Experian report. I hope this help you to understand what i am seeing and talking about.


Starting Score: FICO EX 580ish (JAN 2008)
Current Score: Walmart TU695 USAA EX 682 CK 657 CS 687(June 2013)
Goal Score: 740+

Last APP 4/9/13 Current Wallet: Discover It 6,000 NFCU Cash Rewards 10,000 Chase Sapphire 5,000 Wal-Mart 3,000 BoA Travel Rewards 2,500 Paypal Extras MC 2,000Capital One Platinum 1,750 USAA secured 850
Contributor
Posts: 93
Registered: ‎10-07-2011
0

Re: False reporting mistake by USAA

Hmm, the account was past 60 days note is probably just refering to when you were late back in '07, but as you say, hard to tell with the limited history showing.  I'm not sure if they have it reported incorrectly, as when you disputed the account, wouldn't that be affected.  The good news is that they didn't report anything negatively in July, and the ND aren't negative.  I'm guessing the .6 years since last negative are due to the fact that the TL is considered negative due to the 60 day late indicator, and the TL was modified .6 years ago.  I wouldn't think that it is having much of an impact on your score though.  Have you pulled your free annual credit report from the credit agencies, sometimes they may have more history that is being lost when it's pulled into the third party (or credit monitoring) service that this is from.

 

Just suggestions.


Starting Score: EQ-484(10/10/2011) TU-533(10/10/2011)
Current Score: EQ-701(1/18/2013) TU-735(1/20/2013)
Goal Score: 750s!!


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Moderator
Posts: 12,952
Registered: ‎04-15-2011
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Re: False reporting mistake by USAA

If the worst the account is showing now is an old 60 day late, leave it alone.  That is a minor derog and has lost it's sting.  This account is actually helping your AAoA now.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Contributor
Posts: 69
Registered: ‎09-13-2012
0

Re: False reporting mistake by USAA

thats for the feedback. it will roll off in 2015 finger crossed.


Starting Score: FICO EX 580ish (JAN 2008)
Current Score: Walmart TU695 USAA EX 682 CK 657 CS 687(June 2013)
Goal Score: 740+

Last APP 4/9/13 Current Wallet: Discover It 6,000 NFCU Cash Rewards 10,000 Chase Sapphire 5,000 Wal-Mart 3,000 BoA Travel Rewards 2,500 Paypal Extras MC 2,000Capital One Platinum 1,750 USAA secured 850
Mega Contributor
Posts: 19,566
Registered: ‎03-19-2007
0

Re: False reporting mistake by USAA

ND most likely was entered by the CRA based on no data provided, and not "reported" by the furnisher.

They most likely reported on the account in some other manner without providing any info under that reporting code, so they were neither affirming the prior status of that information or reporting an update.

 

As for required deletion of an entire account or collection based on an inaccuracy of an item reported under the account, if you dispute, they always have the opportunity to simply correct the reporting if they agree that it is inaccurate.  Deletion is only mandated if they fail to verify or correct.

 

Reporting of inaccurate information is not, per se, a violation of the FCRA.  No human endeavor is free of inaccuracy, and no statute can mandate accuracy.

The FCRA does not make reporting of inaccurate information a violation unless they knew or should have known the information was inaccurate, and yet chose to report.  That requires determination by a court through a civil action. 

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