topic Re: "Potentionally Negative Closed" and "Unknown" credit report statuses!?!?! in General Credit Topics

"Potentionally Negative Closed" and "Unknown" credit report statuses!?!?!

Anonymous — Fri, 15 May 2009 21:26:02 GMT

If these questions have already been answered in another forum, a link to it would be great! Otherwise, I just recently checked my credit score through each of the big three, and saw two account statuses I have never observed before. I also haven't checked my score in about a year, so I may just not have remembered seeing it last time.

"Potentionally Negative Closed" and "Unknown". In each of these cases the balances shown are zero, and show no unpaid balances. Do these affect my credit score at all, and if so, do I just call to see if the company posting it will change it to something different?

Also, if the same account shows up more than once on my report, with the exact same information on each (same account number, balance, etc...) will they all come off when I have paid the debt, or do I tell the company I am paying off to look for the extra listing on my report?

And lastly, do mortgage lending/auto lending companies see a different credit report than consumers?

Thanks for the help!

~James~

Re: "Potentionally Negative Closed" and "Unknown" credit report statuses!?!?!

AndySoCal — Sat, 16 May 2009 02:21:00 GMT

According to what I can find "potentionally negative closed' means the creditor closed the account. Any lates on that account ? Unkown means who ever is reporting the account does not lknow the status of the account. You could dispute the unknown as paid. I would be sure first so there is not a surprise after the dispute is finished. The mortgage lender should see the same report probably not in the same format.

Re: "Potentionally Negative Closed" and "Unknown" credit report statuses!?!?!

Anonymous — Sat, 16 May 2009 03:11:58 GMT

A lot of the accounts showing "unknown" are duplicates of other accounts listed and have zero balances, and some do show balances which I have paid and am waiting to be removed by the creditors. My question is on the zero balance posts if they are negatively affecting my credit report. If they aren't detrimental to my score, then I don't care if they stay on there. But if it would be better to have them taken off then I'll do the work to get them taken care of, I just can't tell which way they read.

On the credit report I just ran through freecreditreport.com it lists items in the following manner with box next to each item:

RED BOX with"X" = Negative accounts still open

BLACK BOX with "X" = Potentionally Negative accounts now closed

BLUE BOX with "?" = Unknown

GREEN BOX with CHECK MARK = Positive open Accounts

BLACK BOX with CHECK MARK = Positive Accounts now closed

Re: "Potentionally Negative Closed" and "Unknown" credit report statuses!?!?!

AndySoCal — Sun, 17 May 2009 22:42:00 GMT

if it were my credit report I would get all duplicate accounts removed. Definately ones with balances or that derogatory information on them. You stated that you were waiting for creditors to delete some accounts have contacted them? If not I doubt very much these accounts will be deleted by the creditor on their own.

Re: "Potentionally Negative Closed" and "Unknown" credit report statuses!?!?!

llecs — Mon, 18 May 2009 01:50:54 GMT

OP, before doing anything, pull your EX report directly from EX. You can get it for free via FCR and click on dispute. Don't dispute, but that will give you a free report.

I have used FCR before and their accounts descriptions have been very unreliable and inaccurate. It is best to look at your full report to see what that says.

Re: "Potentionally Negative Closed" and "Unknown" credit report statuses!?!?!

Anonymous — Tue, 19 May 2009 04:58:54 GMT

What I meant by waiting for creditors to remove the negative marks on my credit report was thatI just paid off these accounts, and was waiting for the creditors to post that as they agreed on the credit report. I wasn't sure, but thought that once they removed the negative accounts, the duplicate "unknown" status accounts would also delete, and if they didn't then I would contact them to correct the problem. I will contact them anyway to ensure that it is done now. Thanks a lot for everyone's help!