03-29-2014 05:30 PM
This is the only Baddie left on my CR, I am currently disputing this with all 3 CRA's .. I lived in MO all my life, recently moved to Nashvile on 8/2013
Any help/advice would be greatly appreciated.
Both EX and EQ report this as:
Pay Status: 120 days late
TU reports as:
Pay Status: Collection/Chargeoff
Vehicle Loan Account
Date Opened: 12/2005
Date of last activity: 6/2010
Date Closed: 11/2010
30 days late: x9 60 days late: 1 90 days late: x3
03-29-2014 05:56 PM - edited 03-29-2014 05:58 PM
Should be 11/2017 or 06/2018 it's either 7 years or 7.5 years.
The SOL date would be 06/2015 Nevermind, it says you paid it.
03-29-2014 06:03 PM
Well i didnt pay it... vehicle was sent to auction and sold for more than the balance owed.
Will this have a very negative impact on my Fico Auto score when attempting a loan for a new vehicle?
03-29-2014 06:06 PM
I would honestly just send the company a good will letter asking them to remove all bad marks. It works for some people, it's only the cost of a stamp. It's not good, but it was 4 years ago. You should still qualify, just with a higher interest rate.
03-30-2014 03:04 AM
It's an OC account, so the account itself will not become excluded, and will remain absent the derogs as they individually become excluded.
Each of the monthly delinquences will be excluded no later than 7 years from their date of occurence.
The report is a bit unclear as to whether they did a charge-off or referred for collection, but in either event, any reference to a charge-off or collection must be excluded no later than 7 years plus 180 days from the DOFD on the account.
"Pay status" is apparently referencing your Payment Rating status, which is retained as the last level of delinquency prior to its current status as paid.
I would not be concerned with that issue, as the derogs still remain in your file, and that reporting is reflecting prior history, not current status.
The current reporting with each CRA appears inconsistent. Reporting to EX and EQ shows the debt was discharged, while the reporting to TU has not updated, and still shows a debt balance due. My primary concern would be getting the TU reporting updated. One pulling only your TU report would see an unpaid debt.
They apparently failed to report an update to TU once the vehicle was sold and the net remaining debt was thus discharged.
What were the speicifc inaccuracies that are currently under dispute?
03-30-2014 04:29 AM
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