History: Was a CO with 5/3rd bank bought by Asset Accept;
I filed a dipute with EQ ( valid reason)but look at the 90 day lates... even if 5/3rd is has always been 4
Here is Before:
I realize they updated the report but really?? 16 90days can they do this?
5/3rd Bank is the OC who we had a CO with.
DOFD is 11/11 and they Charged off in June of 2012 And
SOLD the account to Asset Acceptance Company in May of 2013.
If those lates happened prior to the account being sold and they never updated, yes, once they did, all of those could be reported.
If any of the lates is after it was sold, no, they cannot.
12/10 =30 days
2/11= 90 days ( 1 90 day late)
3/12= 12 months later would be 4 more 90 days lates
4/13= 12 more months (SOLD) would be 4 more 90 days lates
Total should only be 9 90 day lates at most not 16
12 months per yr div by 90 days ( 3months) =4 90 day lates
So with them adding more lates than what there should be how bad is this hurting since they updated it?
I think once you hit 90 days late the next month is 90 days unless you make a payment.Meaninging once it goes to 90 days it doesn't start over with 30 day lates unless you made a payment.. But I am not sure.