Re: Does FICO factor "Current Status" on closed accounts?
01-08-2013 06:55 PM
I presume the account is currently reporting a zero balance. Is the date reported the same date as the 120 late date. IE the account was reported in 4/2012 with a zero balance and the 120 late is 4/2012. If so either talk to the lender to correct it or dispute it. You cannnot owe zero and be 120 days late at the same time.it is not possible.