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Regular Contributor
Asailorshort
Posts: 205
Registered: ‎06-04-2012

Once lates fall off, can TL still be flagged as negative?

looking at my EQ report from here, it says I have 4 accts listed as negative.  One is a chase CO fm 2010 and another is a VW 30 day late from dec 2008.  However, the other 2 accts (compass car loan & another chase cc) are marked negative because of 30 day lates that are from over 7 yrs ago & have since fallen off my reports.  Is this accurate? I thought once the lates roll off, the TL was  supposed to be reporting as a positive TL.  If it is inaccurate, what can I do to fix it?  And is it possible to see ~any~ score increase from these 2 accts being reported as positive TLs.

Starting FICO 667 (5/2012) EQ
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013
Moderator
Shogun
Posts: 12,896
Registered: ‎04-15-2011

Re: Once lates fall off, can TL still be flagged as negative?

Is that all that was reported on the TLs?  the lates?  It wasn't charged off?  Then yes, if all lates have fallen off, it should revert to a positive TL.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Asailorshort
Posts: 205
Registered: ‎06-04-2012

Re: Once lates fall off, can TL still be flagged as negative?

Yes.  It was only lates.  I suppose it's possible at some point in the past  (I.e. pre-2005) they may have had bigger lates than 30 days but they were not CO's.  both PIF with zero balance.  How do I get them to switch to positive since its not doing it automatically?

Starting FICO 667 (5/2012) EQ
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013

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