topic Smile Brands Finance Charge Off in Rebuilding Your Credit

Smile Brands Finance Charge Off

Anonymous — Wed, 11 Mar 2020 23:52:52 GMT

When looking at my credit via myfico I noticed that my FICO is signficantly lower for equifax than others, 641 vs 678 on TU and Experian and the only difference I've noticed was this charge off account that appears like it's over 7 years old already.

Account Dates
Date Opened Feb 11, 2013
Date Reported Feb 01, 2020
Date of Last Activity
Date of First Delinquency May 01, 2013
Date of Last Payment Jan 01, 2014

For some reason this is still showing up on my equifax report I would've thought it should've fallen off already but the other thing is I don't recognize the CO at all and they didn't hire a CA they're reporting it them selves. I've used another company called care credit in the past but never "Smile Brands" so far I've disptued the report of it with equifax.

The questions I have I guess are, if they refuse to remove the debt regardless of me having no recollection of it what are my options here; should I try PFD? I'm looking to pay off current car loans I have and purchase another car in the next few months and trying to get the best rate possible when doing so and feel like this may potentially negatively impact me.

Has anyone else had experience with "Smile Brands"?

Re: Smile Brands Finance Charge Off

FireMedic1 — Thu, 12 Mar 2020 00:12:14 GMT

Its 2 months from falling off. You can wait till then so a dispute doesnt make things worse. But dont pay something you dont owe thats soon to be toast.

Re: Smile Brands Finance Charge Off

Anonymous — Thu, 12 Mar 2020 15:42:51 GMT

So according to Equifax though it won't fall off in 2 months and they say closed accounts stay for 10 years, does the timer start from the date of deliquency or the last time there was activity on the account? That's why I was considering a DV/Dispute because Equifax was claiming it wouldn't come off for 10 years vs 7 as well as the fact they're claming payments were made as of 2014 meaning my understanding is it wouldn't be removed in 2 months but much later ( next year ).

Re: Smile Brands Finance Charge Off

Anonymous — Fri, 13 Mar 2020 09:42:05 GMT

Do you owe a dentist for an unpaid bill? Ever?

Smile Brands is Comenity. If you were on a payment plan for a dentist it was underwritten by Smile Brands/Comenity.

Re: Smile Brands Finance Charge Off

FireMedic1 — Fri, 13 Mar 2020 13:56:56 GMT

Look on your reports and seee when the DoFD really is. Nothing can change that. That will be your clue when it will fall off.

Re: Smile Brands Finance Charge Off

Anonymous — Fri, 13 Mar 2020 14:34:42 GMT

On MyFICO

90 Days Late

12/2013, 11/2013, 10/2013

On EQ site
Delinquency First Reported May 01, 2013

Credit Karma shows

90 Days starting july 2013 which aligns with MyFico's earliest reported.

So from my understanding only the late payments fall off from the DoFD but not the account itself or the balance it held? Does it still negatively impact you that there's a balance of 80% used from what they're claiming? It's not my balance and I don't recognize it but it's so old at this point options are basically best to wait it off I'd guess despite being impatient with other things.