topic Bank Adding Back-Dated Information to a Closed Account in General Credit Topics

Bank Adding Back-Dated Information to a Closed Account

Anonymous — Tue, 24 Sep 2019 22:44:18 GMT

I had a personal bank loan that I paid off and was reporting as Paid in Full a few months back. This past week that closed account updated on my credit files with a 30-day late from October of 2018, close to a year ago. It showed 100% on-time payments a good 2-3 months after it closed until now. Can they really update/add information a year later on a closed account?

Re: Bank Adding Back-Dated Information to a Closed Account

Remedios — Tue, 24 Sep 2019 23:12:40 GMT

Hi and welcome to the forums @Anonymous

Who was the loan with? Is the 30 day late accurate? Have you disputed anything since loan was closed?

Re: Bank Adding Back-Dated Information to a Closed Account

Anonymous — Tue, 24 Sep 2019 23:16:48 GMT

It was with a local credit union. They did make a correction to the July month the loan closed, but it wasn't through a dispute through a bureau, was handled directly with them, which was an error on their part that they fixed. Can they also add negative information 12 months in the past just because of this?

Re: Bank Adding Back-Dated Information to a Closed Account

Remedios — Wed, 25 Sep 2019 00:01:30 GMT

When you did a direct dispute (directly with the lender) it made them go over their records. Once they did that, they would have found a delinquency. Because there was an error present, it updated with corrected information (unfortunately)
Yes, lender can report accurate info at any time.
Your best bet at this time is to start a GW campaign and stay on it.

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680