Rebuilding Your Credit

[Luna2012]

Hello again . I have 2 Jefferson capital collection accounts (one is paid one isn't) that I noticed have a status of "120+ days late, With 4 or more late payments" as a ca can they list this when they have no payment history with me? Should I send them a letter stating they are reporting false information or is that ok for them to have that status?

[traveler2005]

Hi

is this reporting on all three CRA's or just Equifax. Equifax reports this way all the time. I have several accounts that say 120+ days, that are paid collections, when I approached the CA  about it, they told me that the CRA instructed them to report this way. I wish you luck.

[RobertEG]

You will almost assuredly find that the delinquency status of 120 late was reported by the OC, not the debt collector.

You are correct in that you dont have monthly delinquencies with a debt collector, as you have no account agreement with them.

How is the status worded in your credit report?  Chances are its just a poorly formatted credit report that is mixing apples and oranges.

[traveler2005]

Robert

Equifax does this all the time, I don't see it happening so much on TU and EX. Is there anything that can be done?

[RobertEG]

Sure.

Send them a letter under FCRA 609(a)(1) requesting the name and address of the party who reported the 120-late, as well as the reporting code used.

A consumer is entitled to any information in their credit file under section 609(a)(1) and (2).  However, such requests must be accompanied by the required fee, which is currently $11.00.

Make the CRA provide you with evidence that a debt collector actually reported a monthly delinquency to them.......

[Luna2012]

It's on my equifax report that I purchased on this website

[Luna2012]

Under status it says 120+ days past due, it also shows scheduled Payment amount $104 balance $0 (this is on my equifax report)