Valued Contributor
Posts: 1,993
Registered: ‎04-07-2009
Re: Does FICO factor "Current Status" on closed accounts?

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 is not possible.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011