topic Re: Unwanted Deletion in Rebuilding Your Credit

Unwanted Deletion

randaljon — Wed, 29 Feb 2012 19:17:27 GMT

I paid off an auto loan in 8/2011. There was a 30 day late posted on my credit reports for 11/08 on this loan. I found out I was 19 days past the due date. Not 30. I disputed with Equifax and they deleted the entire loan, instead of just correcting it. Loan company has been slow to respond to my disputes 120 days, so that is why I disputed with Equifax, Is there a chance it reappears or is it gone for good?

Re: Unwanted Deletion

pizzadude — Wed, 29 Feb 2012 19:35:22 GMT

Unfortunately that is one of the possible outcomes when you dispute an account with the CRAs ~ they might delete.

I'm guessing that it is gone, unless you can get the creditor to report it back to the Equifax.

Re: Unwanted Deletion

Anonymous — Wed, 29 Feb 2012 19:46:51 GMT

Something similar just happened to me. I didn't dispute it, but I sent a GW to the bank to ask them to remove my 1 60 day late. They deleted it from my CRs I don't think it hurt too bad but I liked having the good/paid account on there.

Re: Unwanted Deletion

pizzadude — Wed, 29 Feb 2012 20:12:08 GMT

@Anonymous wrote:
Something similar just happened to me. I didn't dispute it, but I sent a GW to the bank to ask them to remove my 1 60 day late. They deleted it from my CRs I don't think it hurt too bad but I liked having the good/paid account on there.

Yeah, this happens with GW letters occasionally as well. Some creditors will just delete the account rather than changing payment history. This can be either good or bad.....

Re: Unwanted Deletion

RobertEG — Wed, 29 Feb 2012 22:39:32 GMT

Account deletion is always a possibility.

By deleting the account, they forgo having to deal with any further FCRA disputes.

No credit reporting = no inaccuracy in credit reporting that can be disputed.

Re: Unwanted Deletion

randaljon — Thu, 01 Mar 2012 03:08:49 GMT

Sucks to have all that positive payment history deleted. Will be interesting to see how my score changes on my next fico update.

Re: Unwanted Deletion

Anonymous — Thu, 01 Mar 2012 21:27:49 GMT

I wondered about this. My wife has a 30 day late on a car loan from years back. I imagine at this point it is not doing so much damage to her score, but we called about getting them to get rid of the 30 day late, and they, of course, said no. But I wonder if its better to leave it as is rather than delete it. When a LO looks over the report, we would rather have them see a 4 year loan PIF and on-time, for all but 1 month than have it not be there.

Re: Unwanted Deletion

pizzadude — Thu, 01 Mar 2012 21:50:31 GMT

@Anonymous wrote:
I wondered about this. My wife has a 30 day late on a car loan from years back. I imagine at this point it is not doing so much damage to her score, but we called about getting them to get rid of the 30 day late, and they, of course, said no. But I wonder if its better to leave it as is rather than delete it. When a LO looks over the report, we would rather have them see a 4 year loan PIF and on-time, for all but 1 month than have it not be there.

I agree, in your case I wouldn't touch it. From a FICO score perspective it shouldn't be impacting your score much at all, and generally 30~day lates are somewhat benign to many lenders.