topic Re: Help with Equifax in Rebuilding Your Credit

Help with Equifax

LoveGoodCredit — Sat, 08 Jun 2013 16:07:06 GMT

I disputed a charge off

Instead of equifax validating the debt, they updated the payment history on something I havnt paid on in years.

81-Month Payment History

Year Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov Dec

2013 * * * * *

2012 * * * * * * * * * * * *

2011 * * * * * * * * * * * *

2010 * * * * * * * * * * * *

2009 * * * * * * * * * * * *

2008 30 * * * 30 30 60 90 120 120 30 *

2007 * * * * 30 60 30

Payment History Key

Re: Help with Equifax

Anonymous — Sun, 09 Jun 2013 00:29:35 GMT

That would be an OC issue and not the CRA. They only put on the reports what the OC tells them.

Re: Help with Equifax

LoveGoodCredit — Sun, 09 Jun 2013 15:09:48 GMT

I guess I am confused, would the OC tell them I am making my payments?

I guess I would like to ask them their method of verification but I have done that before certified, and never heard back.

Re: Help with Equifax

DaBears — Sun, 09 Jun 2013 15:16:22 GMT

Like guiness stated, when you dispute an OC account, the CRA sends off a 2 digit code to verify the tradeline using e-oscar. The OC will respond to that code and can update their tradeline based on the dispute code. I learned the hard way once and lossed 21 points.

Re: Help with Equifax

LoveGoodCredit — Sun, 09 Jun 2013 15:19:29 GMT

So basically its better to let older things fall off naturally if your not going to pay it, like a charge off. They keep updating it with ontime payments. I just jumped back up to 642 with equifax and with maxed out credit usage. I think I will just leave it alone and get my points by paying off my credit card debt.

Re: Help with Equifax

DaBears — Sun, 09 Jun 2013 15:28:03 GMT

Is it a paid or unpaid c/o? It's up to you if you let it fall off your reports. Me personally I can't live on a daily basis knowing I might have unpaid debt floating out there.

Re: Help with Equifax

LoveGoodCredit — Sun, 09 Jun 2013 15:53:20 GMT

Yah I know, I paid a lot of my debt. This is a charge off from a car. I dont know if I would be able to pay an 8K charge off. My mom and husband got really sick when this happened they both lost their jobs and ect.... trickled down to me. I dont know how to resolve it.

Re: Help with Equifax

DaBears — Sun, 09 Jun 2013 16:28:07 GMT

How old is the C/O? Settling the debt may be your only option. What may come into play is how much do they want to settle on. Never hurts to ask.

Re: Help with Equifax

LoveGoodCredit — Sun, 09 Jun 2013 22:31:36 GMT

The debt is 6 years old. Scheduled to fall off in 2014.