05-28-2008 08:27 PM
05-29-2008 08:24 PM
PittsburgPamela wrote:I have one bad account, an auto loan that I co-signed for my daughter. She defaulted and I paid it in full. On my Equifax report it shows:Status as of: Feb 2007DOLA: Jan 2002Date Closed: Not reportedAccount status: Account is inactiveDescriptions: Paid charge offOn the right side it has: Balance = 0, Current Status = Bad debt/collection, Past due amount = not reported.On Transunion it shows:Status as of: Mar 2002DOLA: Mar 2002Date Closed: Mar 2002Account status: Account is closedDescriptions: Paid profit and lossOn the right side it has: Balance = 0, Current Status = Payment after charge off/collection, Past due amount = 0My Transunion score is 14 points higher than Equifax and this is the only bad thing on either account. I compared all other accounts and they both have the same info on each. Is "Bad debt/collection" a totally different status than "Payment after charge off/collection"? To me that would sound like the first one is still a bad debt in collection.Can I dispute the status of the account?Also, TU says my last late payment was 6 years, 2 months ago. Equifax says 5 years, 5 months ago. They must both be referring to this because there are NO lates on anything else.
05-29-2008 08:35 PM
05-29-2008 08:44 PM
05-29-2008 11:10 PM
05-29-2008 11:28 PM
05-29-2008 11:48 PM
05-30-2008 12:01 AM
PittsburgPamela wrote:Thanks... I went to TU web site and did a dispute and that is where it says:Estimated date that this item will be removed: 12/2008If it doesn't come off the other CRAs at that time then I will dispute. I'm hoping that when this one bad item comes off that my TU score, at least, will go from 742 to closer to 800. 800 is my goal for the next year.
05-30-2008 12:32 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.