Reply
Established Member
romyjoey3
Posts: 31
Registered: ‎11-10-2011
0

Why is this account being reported as 120+ days past due??

The balance shows as $0?

Status as of May 2012
Opened June 2011
DOLA Dec 2008
Largest past balance $3931
Status: Open Account??
Industry: Factoring Companies
Current Balance: $0
Status: 120+ days past due
Descriptions:
Consumer disputes this account Info
paid collection

So ... why the 120+ status?
Valued Contributor
madmann26
Posts: 1,442
Registered: ‎08-30-2012
0

Re: Why is this account being reported as 120+ days past due??

Who is reporting it? That is some shady #(#( they are doing?


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Established Member
romyjoey3
Posts: 31
Registered: ‎11-10-2011
0

Re: Why is this account being reported as 120+ days past due??

Showing as Aac - might be a collection for Sears? Not sure.
Valued Contributor
madmann26
Posts: 1,442
Registered: ‎08-30-2012
0

Re: Why is this account being reported as 120+ days past due??

It's interesting how they list it.

 

Did the OC already charge-off the debt or list the debt as charged-off?


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Established Member
romyjoey3
Posts: 31
Registered: ‎11-10-2011
0

Re: Why is this account being reported as 120+ days past due??

Yes
Valued Contributor
madmann26
Posts: 1,442
Registered: ‎08-30-2012
0

Re: Why is this account being reported as 120+ days past due??

Factoring accounts.

 

Listen/read what I am saying.

 

"This type of reporting can only be applied to current, valid debt."

 

With that being said, the CA lists accounts this way as a why to further hurt your scores, possibly due to the way they are coded when reported. As with any debt, you have the right to challenge any/all information that is being reported, including the comment about it being a factored account. Read this thread:

 

http://creditboards.com/forums/index.php?showtopic=495445

 

I found that thread just this morning and have sent a similar letter to a different creditor who is doing the same crap.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}