Reply
Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

First Premier......

I have a CO with first premier from 2008 and it hasn't shown any late payments since 2009

 

however this morning I pulled my report and they are now showing 120 days late through august of

 

this year, can they do that since this account was SOLD?

 

How can they report a late on a account they haven't owned since 2009?


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Valued Contributor
Posts: 1,508
Registered: ‎08-30-2012
0

Re: First Premier......

Are you certain it was sold? Often times, an OC will "assign" it to a CA but not sell it as a junk debt. As for them posting the lates, I would think this action would reset the DoFD, which reages the debt since the DoFD is based on the date of first deliquency that lead to the CO.

 

I would start with a direct dispute with First Premier and see what they have to say about it.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

Re: First Premier......

On TU and EX both still say Sold zero balance

 

I remember calling them in early 2009 to pay off

 

but was told they no longer owned the account

 


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: First Premier......

+1  I'd go the direct dispute route.  Has it been paid through a CA?   If it's been charged off and they no longer have the debt, they shouldn't be updating new lates.


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+

Take the myFICO Fitness Challenge

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!
Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

Re: First Premier......

[ Edited ]
This is how it is Listed:
 
 
FIRST PREMIER BANK  #****************
 
Phone number not available
Date Opened:05/25/2008
Responsibility:Individual Account
Account Type:Revolving Account
Loan Type:CREDIT CARD
Balance:$0
Date Updated:09/09/2012
Last Payment Made:04/20/2010
High Balance:$652
Credit Limit:$200
Pay Status:>Account paid in Full; was a Charge-off<
Date Closed:12/05/2008
Date Paid:11/16/2008
>Maximum Delinquency of 90 days in 01/2009<
Account Sale Info: ACCOUNT SOLD TO ASSET ACCEPTANCE CORP
Remarks: >PAID IN FULL/WAS A CHARGE OFF<; PURCHASED BY ANOTHER LENDER

Estimated month and year that this item will be removed: 11/2015

 

Seven year payment history [?]30 days late60 days late90+ days late
1 time
1 time
27 times (Aug 2012, Jul 2012, Jun 2012, May 2012, Apr 2012, Mar 2012, Feb 2012, Jan 2012, Dec 2011, Nov 2011, Oct 2011, Sep 2011, Aug 2011, Jul 2011, Jun 2011, May 2011, Apr 2011, Mar 2011, Feb 2011, Jan 2011, Dec 2010, Nov 2010)

Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Valued Contributor
Posts: 1,508
Registered: ‎08-30-2012
0

Re: First Premier......

The "date updated" hasn't changed since Sept 2012. Do you have a previous report to compare to?


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: First Premier......

[ Edited ]

I'd probably take issue too. Based on what you just posted, the DOFD is around 11/2008. That would support the date paid field. They closed it the following month in 2008. Fast forward, they have the [last] payment made at 4/2010. This field gets triggered when the debt is sold to a CA which triggered the $0 balance. If you have other reports prior to this, then it'll help, but I think the lates beyond 4/2010 shouldn't be there.

 

Try to find the full 7-7.5 yr history. I know this was pulled from TU or EX directly and may not have been included in the report, but the number of 90+ day lates listed are less than the 27 total figure they gave you. I suspect the lates started prior to that.

Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

Re: First Premier......

in an earlier EX report it says it wasn't charged off until Oct 2010.

in an earlier TU report it says it wasn't charged off until Apr 2010

and in an earlier EQ report it says it wasn't charged off until May 2010

 

all reports still have the same fall off date

but the "current" lates are killing me

 


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
Valued Contributor
Posts: 1,508
Registered: ‎08-30-2012
0

Re: First Premier......

Like llecs said, the new lates probably shouldn't be there. You will have to take that up with First Premier probably.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Established Contributor
Posts: 905
Registered: ‎07-25-2008
0

Re: First Premier......

Yep that's what I was thinking....

 

Any ideas on the best way to go about this?

 


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards

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 based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.