Credit Card Center Advertiser Disclosure†
11-02-2010 10:14 AM - edited 11-02-2010 10:21 AM
I have a question regarding Wells Fargo Financial Cards. I've gotten a ton of information from this site but I'm unsure of how to handle the following. Listed on Experian is:
Wells Fargo Financial Cards
High Balance $1,486
Recent Balance N/A
Last Reported 10/2007
Creditor's Statement: Purchased by another lender.
Listed on TransUnion it states "payment after charge-off/collection"
I have never received anything from a CA regarding this account. I would like this removed from my CR's but I'm not sure what I should do? Any advice is greatly appreaciated!!!
11-02-2010 10:47 AM
Give us a little more info - you'll get some great help here.
What was the most recent status of the card as far as you know?
What was the last thing you heard from Wells Fargo on this?
What was the last balance? Last payment?
11-02-2010 10:56 AM
Thank You! I will try and answer as best I know.
I believe the most recent status is charge-off. It is listed on two CR's. Experian shows it was purchased by another lender and TransUnion has it marked as "paid profit and loss". and also has noted that payment was made after charge off/collection.
I don't remember the last thing I heard from them. It has been awhile. From what I remember I never heard much. They seem to stop collection activity very quickly.
On Experian is shows N/A as recent payment and recent balance. It shows a high balance of $1,486. On TransUnion it shows the balance and past due amount as 0. It says date paid is 8/2007.
I hope this information helps. Thank you.
11-02-2010 11:04 AM
That helps a lot.
Was the high balance also the amount due last time you heard from Wells Fargo? - either the last bill or the last balance with fees and so forth attached?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.