@Outdoorstech1 wrote:I need help on two negatives that are reporting on my CR. Auto Loan thru Santander Bank NA and Santander Consumer USA negatives reporting on my CR from 2009. Both the Same auto loan.
First one from Santander Bank NA:
Last payment Made was 3/31/2009
>Account 30 Days Past Due Date<
$500 per month, paid Monthly for 79 months 05/31/2009
Remarks: ACCT CLOSED DUE TO TRANSFER; CLOSED Estimated month and year that this item will be removed: 04/2016
>Maximum Delinquency of 30 days in 05/2009<
Account CLOSED due to transfer?? I believe it was transfered to Santander Consumer USA because of a name change? I was 30 days late during the transfer too.
But then Santander Consumer USA shows:
Date Opened: 07/24/2007
Payment Received: $14,106
Last Payment Made: 07/18/2012 < Traded the car in for my current one.
Pay Status: Current; Paid or Paying as Agreed
Terms: $500 per month, paid Monthly for 79 months
Date Closed: 07/18/2012
High Balance: High balance of $26,076 from 12/2011 to 07/2012
Remarks: CLOSED >Maximum Delinquency of 60 days in 04/2011<
My CR shows I was 30 days late 10/2010 11/2010 12/2010 and 01/2011 OK then 2/2011 thru 3/2011 30 days late then 04/2011 60 days late then OK after that. Traded in the car in 2012.
Whats the best way to ask Santander to see if they can delete the negative late payments off my CR. Would they delete just the negatives and then my account will report in the closed "positive" section on my CR? Do I only want to ask them to delete the negative payments and not the entire trade line. The account has been paid in full and it is an aged account. Removing a positive account can lower the score. right?
I would make a copy of both of these entries and send a letter of demand to Santander that they delete the first or you will file a complaint with the CFPB, IMO they cannot hit you twice with the same account just due to a name change... Yes removing an OC account does change AAoA and may result in score adjustments but you dont want 2 negatives for the same thing. I would not ask for the GW at the moment, those lates are minor derogs and are not affecting your Fico at this time (30-60s affect for 2 years) the account would have to be reporting 90 or better for Fico to be affected the entire time the late is on file.
@Outdoorstech1 wrote:@Anonymous: I called Santander Consumer Credit reporting Dept this morning @ 866-923-9282 and she told me that both TL's are on the report because Santander Bank NA used to be Soverign Bank before they switched names to Santander Bank NA. Then in 2009 they switched to Santander Consumer USA and its one continious loan and why would they take it off my report of the reporing is correct & accurate? I tried to tell her its two negatives reporting on my CR and not just one continuous one. <--- Is this true? The answer you got from them is a bunch of garbage, when credit cards get sold to another bank you dont get 2 entries the new name appears and thats the end of it. I see how these idiots are getting away with 2 separate TLs, you should dispute the older of the 2 as never late you were not per the payment history, make sure to keep copy of this around you will need it for the CFPB complaint if they dont take care of it themselves.
I am very confused. I kinda see what she is saying that its the same loan but I am torn on how to dispute it, should i send them a letter like GDALE6 suggested and tell them i will file a complaint with CFPB?
I copied below how it reads on my TU CR. In June 2009 it was transfered to Consumer USA. Do I have a valid dispute here with it on my CR twice? or is she giving me the run around and telling me it truly is valid how it's reporting?
SANTANDER BANK N.A. #*****
450 PENN ST READING, PA 19602
(888) 438-3533
Date Opened: 07/24/2007
Responsibility: Individual Account
Account Type: Installment Account
Loan Type: AUTOMOBILE
Balance: $0
Date Updated: 05/31/2009Payment Received: $508
Last Payment Made: 03/31/2009High Balance: $26,076
Pay Status: >Account 30 Days Past Due Date< GARBAGE
Terms: $500 per month, paid Monthly for 79 months
Date Closed: 05/31/2009
>Account 30 Days Past Due Date< GARBAGE
>Maximum Delinquency of 30 days in 05/2009< GARBAGE This piece of it should be reporting paid as agreed never late and should remain on file for 10 years post close unless they now wish to claim that they are the same bank as the second entry, if they do you have them.
Remarks: ACCT CLOSED DUE TO TRANSFER; CLOSED
Estimated month and year that this item will be removed: 04/2016
04/2009
03/2009
02/2009
01/2009
12/2008
11/2008
10/2008
09/2008
08/2008
07/2008
Rating
OK
OK
OK
OK
OK
OK
OK
OK
OK
OK
06/2008
05/2008
04/2008
03/2008
02/2008
01/2008
12/2007
11/2007
10/2007
09/2007
Rating
OK
OK
OK
OK
OK
OK
OK
OK
OK
OK
08/2007
Rating
OK
SANTANDER CONSUMER USA #****
8585 N STEMMONS FWYSTE 1000
DALLAS, TX 75247
(866) 923-9282
Date Opened: 07/24/2007
Responsibility: Individual
Account Type: AUTOMOBILE
Date Updated: 07/18/2012
Payment Received: $14,106
Last Payment Made: 07/18/2012
Pay Status: Current; Paid or Paying as Agreed
Terms: $500 per month, paid Monthly for 79 months
Date Closed: 07/18/2012 >Maximum Delinquency of 60 days in 04/2011<
High Balance: High balance of $26,076 from 12/2011 to 07/2012
Remarks: CLOSED
07/2012
06/2012
05/2012
04/2012
03/2012
02/2012
01/2012
12/2011
11/2011
10/2011
Balance
$0
$13,457
$13,565
$13,565
$13,565
$13,809
$13,809
$14,495
Scheduled Payment
$500
$500
$500
$500
$500
$500
$500
$500
Amount Paid
$14,106
$509
$0
$0
$510
$0
$1,019
$510
Past Due
$0
$0
$0
$0
$0
$0
$0
$0
Rating
OK
OK
OK
OK
OK
OK
OK
OK
OK
OK
09/2011
08/2011
07/2011
06/2011
05/2011
04/2011
03/2011
02/2011
01/2011
12/2010
Rating
N/R
OK
OK
OK
OK
60
30
30
OK
30
11/2010
10/2010
09/2010
08/2010
07/2010
06/2010
05/2010
04/2010
03/2010
02/2010
Rating
30
30
OK
OK
OK
OK
OK
OK
OK
OK
01/2010
12/2009
11/2009
10/2009
09/2009
08/2009
07/2009
06/2009
Rating
OK
OK
30
OK
OK
OK
OK
OK
The first account payment history shows the account was never late prior to handoff to their new name and it must show never late because that is what the payment history shows, this is the one you need to file the CFPB complaint on. The second part of the loan after the sale is the one you need to GW.
Santander USA HQ can be found here: http://www.bbb.org/dallas/business-reviews/consumer-finance-and-loan-companies/santander-consumer-us...
