No Response from DV, should I dispute through CRA?

[MarineVietVet]

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@700orbust wrote:

Maybe I'm getting my abbreviations mixed up.

A junk debt collection agency, Federal Credit Corp, lists a 120+ late account on my EQ, but for TU and EX is listing a Collection. The original creditor, nTelos, is no where to be found (haven't heard from them since I closed the account years ago).

If CO is 'charge off' and not 'collection', then I apologize. I think thats what I'm confusing you over.

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A CA cannot collect on a late payment because that is associated with an OC account. You might have something there to dispute.

ETA: Late payments drop off 7 years from each individual date of delinquency which means July or August of this year as mauve said.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[mauve]

They can report the worst delinquency that the OC had before it went to collections, though, MVV. 

[MarineVietVet]

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@mauve wrote:

They can report the worst delinquency that the OC had before it went to collections, though, MVV. 

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True but they can't collect on it.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[MarineVietVet]

This has been a very interesting and fun (perhaps not for you OP    ) discussion.

The bottom line is I personally would not do anything else about this. Just let everything age off. But that's just me. I've made plenty of mistakes in the past and letting this die a natural death might be a mistake but that would be my strategy going forward.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[700orbust]

I have wondered why it wasn't listed as a collection on my EQ, but it is on TU and EX. Also, myFICO calls it a "recent collection", which I believe is hurting my score worse. I don't understand why it isn't a collection across all three. I wouldn't be surprised if the 120+ late account is hurting my EQ score worse than if it were a collection.

Listed under "Closed Accounts" on my EQ direct pull (annualcreditreport.com)

FEDERAL CREDIT CORP

PO Box 599 Colleyville, TX-760340599 (888) 507-5070

Account Number: NTELOS CO-XXXXXXXXX

Account Owner: Individual Account.

Type of Account : Open

High Credit: $237

Date Opened: 06/2010

Date Reported: 12/2010

Balance: $325

Amount Past Due: $325

Date of Last Activity: N/A

Date Major Delinquency First Reported: 07/2010

Months Reviewed: 5

Creditor Classification: Financial

Activity Description: N/A

Type of Loan: Factoring Company Account (debt buyer)

Date of First Delinquency: 07/2004

Comments: Collection account

And for comparison, the TU direct pull:

FEDERAL CREDIT CORP #DXXXXXX****

2825 EXCHANGE BLVD STE 101 SOUTHLAKE , TX 76092-9152 (888) 507-5070

Balance: $325 Date Updated: 12/2010 Original Balance: $237 Original Creditor: 12 NTELOS COMMUNICATIONS Past Due: >$325<

Pay Status: >Collection Account< Account Type: Open Account Responsibility: Individual

Loan Type: Factoring Company Account Remark: >Placed for collection< Date placed for collection: [ 06/2010] Estimated date that this item will be removed: 06/2011

[mauve]

If you have decided to dispute, read this:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-Steps-Do-I-Take-Do-I-DV-PFD/td-p/337142

I would make sure to point out that you didn't receive Dunning notice within 5 days of them posting to your credit reports, and that you DVd within 30 days of discovering them on your report and that they have failed to respond. 

[700orbust]

So an update, I never heard back from them, but they have stopped updating the account (just says status as of jan 11 across reports)

I don't know how to take that.

I need to get an equity line, and my local bank as well as NFCU pull EQ. I am tempted to dispute at this point...but its supposed to fall off in july...

Falls off in april from EX...