cancel
Showing results for 
Search instead for 
Did you mean: 

Negative information

Regular Contributor

Negative information

I leased a car through Infiniti Financial Services from 2001-2005.  At some point during my lease I was 60 days past due.  It is only on my Experian report.

I disputed the report last year ( May 2009)because I was pretty sure that the initial time of delinquency was over 7 years old. Infinity said the the way they were reporting it was correct.  They responded in May 2009 and now my report says that the last time anything negative was reported on my report was May of 2009.  It can only be this Infiniti lease because I have no other negative information.   Are they justified in reporting this negative in May 2009 when the lease ended in 2005?

 

Is there anything I can do to get them to remove this negative information in May 2009 or is there anything I can do to get it removed from my credit report all together??

 

Thansk for your help.

 

Message 1 of 8
7 REPLIES
Valued Contributor

Re: Negative information

It sounds like your dispute made them verify the information, which updated it.  Pull your credit report(s) from annualcreditreport.com if you want more information - it sould also tell you when this account will be considered to be positive.


Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010
Previous High Score: EQ 700 TU04 712 EX 726
Current Score: EQ 740 TU(Discover) 750 EX(AMEX) 747
Goal Score: 740+ all around


Take the myFICO Fitness Challenge
Message 2 of 8
Epic Contributor

Re: Negative information

Your report, if obtained from the CRAs directly, will show you a payment history.  You will be able to see what months they are saying you were late.

 

When you dispute, the report is updated to the current date making it appear to be a newer late.  That is one of the reasons not to dispute.  May 2009 is when it was updated.  The actual late was earlier.

 

Unless it specifically says you were late in May 09 it is reporting correctly.  If they reported an actual late and is annotated on the report as a late in 09, in the payment history,  it is incorrect.

Message 3 of 8
Community Leader
Epic Contributor

Re: Negative information

Look at your leaing contract.

Dates when you were actually delinquent, not any later dates reported by by the OC regarding any DOLAs.   FCRA 605(a).

It does not matter when you opened the lease, or when they last reported their posting to your account.

I dont know when the 60-day late occured, but it can only remain in your CR for 7 years fiom that date.

The OC reporting cannot reset the date of drop of that delinquency from your CR.,  No way.

Message 4 of 8
Regular Contributor

Re: Negative information

Thanks for your reply.

 

Message 5 of 8
Regular Contributor

Re: Negative information

Thank you ffor your reply.

 

Message 6 of 8
Community Leader
Epic Contributor

Re: Negative information

Your dispute regarding the reporting of the prior late in your CR  is not with the reporting OC, it is with the CRA for continuing to include it in any credit report they issue.

The FCRA, and specifically FCRA 605(a), does not place any restrictions on when a creditor can report to your credit file.  If the information is accurate, it can be reported by the OC to the CRA at any time, with no 7 year limitation.

It is the obligation of the CRA to review your credit file, and to determine if any information contained therein has exceeded the limitations of FCRA 605(a) before they  include that iunformation in any credit report they then issue.

If a monthly derog on an OC account has now passed 7 years and is still remaining in your CR, then your recourse is to file a dispute with the CRA for their non-compliance with FCRA 605(a)(5). The OC is not involved.

 

 

 

 

Message 7 of 8
Regular Contributor

Re: Negative information

thank you for your anwser.

 

Message 8 of 8