topic Re: Equifax question in Rebuilding Your Credit

Equifax question

Anonymous — Wed, 11 Feb 2009 20:59:50 GMT

It looks like Equifax is re-aging accounts that have been paid off. For example I paid of Capital One last year 05/08. My monthly payment for Experian and Trans Union show settled and Equifax shows paid. Now the dates for Experian and Trans Union (monthly payment) shows 05/08 and Equifax shows 01/09. The same with another Capital One that was paid in December 07 so Experian and Trans Union show settled with December 07 and Equifax shows Paid 02/09.

Am I correct in my thinking here?

Thanks!

Re: Equifax question

llecs — Thu, 12 Feb 2009 05:15:45 GMT

Which field is this? "Reported" date? And did you recently do anything to the TL? Dispute? Send a letter, etc.?

Re: Equifax question

Anonymous — Thu, 12 Feb 2009 12:26:59 GMT

I pulled my credit report from Chase and the fields that it shows under is monthly payment and I did dispute it. Also disputed it with the other CA but their monthly payment shows when it was closed or settled.

Re: Equifax question

llecs — Thu, 12 Feb 2009 14:36:48 GMT

It is reporting normally. By law, the OC/CA has to update the TL everytime you dispute it. This is why you see the updated dates. Unfortunately, FICO will read these as newer baddies and that can hurt your score. These accounts haven't been re-aged, though. It'll still fall off as scheduled.

Re: Equifax question

Anonymous — Thu, 12 Feb 2009 15:55:49 GMT

Ok thanks. It is killing my Equifax score.