topic Re: account status in Understanding FICO® Scoring

account status

Anonymous — Sat, 02 May 2009 01:04:59 GMT

I have some charge offs that were recently settled, but unfortunately I was unable to get pay for delete. The CA's are showing the status of these accounts as "120 days or more past due" rather than settled. They are reporting the zero balance so I was wondering if the status comments are hurting my FICO scores. Only EQis reporting it this way. TUis not. My TU score is 603 (up from 480 in Jan '09) and my EQ score is now 540 (up from 488 in Jan '09). I do not have my EX score since they do not provide it anymore. With wondering if this was causing the difference in scores.

Re: account status

llecs — Sun, 03 May 2009 16:09:15 GMT

Any comments like "was a charge-off", "paid charge-off" or even "settled" continue to ding your score by a big deal. You could try GWing them over and over to ask them to remove. If that doesn't work, some have had success by sending a PFD for the difference owed.

Re: account status

Anonymous — Sun, 03 May 2009 16:16:12 GMT

Was there any type of settlement agreement in writing? Even when a CA refuses to PFD, sometimes they will agree to change certain reporting comments, such as late or CO.

Re: account status

RobertEG — Mon, 04 May 2009 06:44:49 GMT

Are you saying that you paid a CO, and the OC is contiunuing to report later account delinquenes beyond that date, apparently now of an increase to 120 days?

Once an OC does a CO or refers to a CA, monthly account delinquencies no longer can increase, for the account is closed. A CA cannoot report a 120 day late, period.

Re: account status

Anonymous — Wed, 06 May 2009 18:51:28 GMT

This is how it is showing

Credit Account Lvnvfundg

Status as of Apr, 2009

Date opened Feb, 2008

Date of last activity Jul, 2007

Date closed Not Reported

Account number Not Reported

Loan type Not Reported

Largest past balance $796

Terms Not Reported

Account Type Open Account

Account holder Individual

Scheduled payment amount $0

Descriptions

Consumer disputes this account information
Settlement accepted on this account

No contact information provided by Equifax

Balance $0

Current Status 120+ days past due

Past Due Amount Not Reported

Seven year payment history [?] 30 days late 0 times 60 days late 0 times 90+ days late 0 times