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Hi myFico Family. Here's my question with backstory...
After a period of long-term unemployment and now under-employment, I have 3 baddies on my reports.
Experian is reporting:
You dont have monthly delinquencies with a debt collector.
Monthly delinquencies are reportable based on being delinquent on billing from a creditor.
There are no codes for recording any reporting or monthly delinquencies by a debt collector.
Commercial credit reports will often make reference to events and items that occured under an OC account when formatting the collection.
Any collection is, by definition, based on a delinquent debt.
Thanks for responding RobertEG.
I didn't think so either. Again, I have one student loan payment and 2 CC and 1 Store card - Never ever late and 3% utilization - except for Christmas statement at 24% ).
So I called EXP - twice. I said I am not lodging a dispute I need you to tell me which accounts are reporting late payments so I can take it up with the furnisher. One rep looked over my report with hemmed and hawed then as if a light bulb went off, said, "It's the collections". I asked the same questions of him that I'm asking here, how can I have late payments if I don't have a payment agreement with them and have never made a payment. His answer was jumpled but I just thought I hadn't gotten that far in the FCRA yet, LOL.
Can you offer any recommendation as to how I proceed from here? Do I request that they report them correctly? Anything else? And direction would be greatly appreciated. Thank you.
Please post a copy of the payment history reporting of your credit report that shows the alleged delinquencies, by month and year of the assered delinquency.
Alas! I have not contributed enough to the Forum to warrant use of the image feature - and rightly so. I will start chiming in in areas where I think I can add value to the conversation. If I may describe the account summary and payment history to you, please. Here goes!
Summary
Installments (car icon)
Delinquent : 1
Collections (palm open with $ above it)
Delinquent: 2
24 Month Payment History:
CA: History from 2/2014-1/2016 - All ND's with CO's at 3/2014, 5/2014, 3/2015, 4/2015, 7/2015, 11/2015, 12/2015, 1/2016
Auto CO: History from 7/2013-6/2015 - All CO's except OK at 6/2015 (when loan transferred/sold to CA (below)).
CA (from auto CO): History from 1/2014-12/2015 - All blank thru 8/2015 then CO at 9/2015, 11/2015, 12/2015; ND at 10/2015
I hope you can picture what I am describing. What do you think I should do from here? If you point me to the Regulation and Section I would try to understand it :/
Has anyone else ever heard of this kind of CRA reporting and what did you do about it? Any input is appreciated. Thanks