topic Re: Format error? Surely not re-aged. in Rebuilding Your Credit

Format error? Surely not re-aged.

Anonymous — Thu, 25 Jun 2020 00:59:44 GMT

Hello, all. I have a charged off FPB with a DoFD of 09/2013. After my newest MyFico Premier 3B pull, it's now showing as green (not derogatory). Equifax site shows the latest update of Pays As Agreed (May 2020). Just making sure this is some type of formatting error, and there's nothing to worry about (still dropping off in 09/2020).

TIA!Latest MyFico 3B

Direct from EQ site

Re: Format error? Surely not re-aged.

FireMedic1 — Thu, 25 Jun 2020 07:21:15 GMT

Lately things have been falling off early. Maybe Covid? Who knows. I fought for 2 yrs and gave up last year on 1 30 day late. Then 4 months early. Gone from all 3. Yeah! Points gained? Zippo on all 3! Take it as a blessing and move on. Dont jinx it. Congrats!

Re: Format error? Surely not re-aged.

Anonymous — Thu, 25 Jun 2020 10:13:22 GMT

@Anonymous wrote:
Hello, all. I have a charged off FPB with a DoFD of 09/2013. After my newest MyFico Premier 3B pull, it's now showing as green (not derogatory). Equifax site shows the latest update of Pays As Agreed (May 2020). Just making sure this is some type of formatting error, and there's nothing to worry about (still dropping off in 09/2020).

TIA!Latest MyFico 3B

Direct from EQ site

Direct from EQ site

Yeah, that is unfortunate. I have 2 accounts *exactly* like that. They have remained well past the 7 year derog reporting window since they are now labeled "paid as agreed". This means instead of the account dropping off at 7 years, the lates will drop one at a time as they hit 7 years old and the account will remain at least 10yrs after the "date of last update". I can say rhis because of my 2 accounts that were CO'd in 2006 and 2008. They still remain and all the derog remarks were removed at 7 years each and now they just look like positive TLs that help my age of accounts. Sux if you were looking forward to them dropping off. This happened because they were disputed so many times by a CRA.

I hope this isnt the case for you, but the account status is very important in determining if/when it drops off.

Good luck!

Re: Format error? Surely not re-aged.

Anonymous — Thu, 25 Jun 2020 11:55:12 GMT

Oh hells naw. I'm not waiting 9 years, 11 months for a CO to finally clear. I'll shoot them a nastygram later today.

I mean, I think even the smart monkeys at the call center can figure this one out. I "caught up" a CLOSED CO, yet the balance hasn't changed one penny...seems legit 👍. #eyeroll

Re: Format error? Surely not re-aged.

FireMedic1 — Thu, 25 Jun 2020 12:48:29 GMT

@Anonymous wrote:
Oh hells naw. I'm not waiting 9 years, 11 months for a CO to finally clear. I'll shoot them a nastygram later today.

I mean, I think even the smart monkeys at the call center can figure this one out. I "caught up" a CLOSED CO, yet the balance hasn't changed one penny...seems legit 👍. #eyeroll

HuH? The DoFD is coming up. It went positive. Thats it. Its doing you good. Let it be.

Re: Format error? Surely not re-aged.

Anonymous — Thu, 25 Jun 2020 13:01:53 GMT

@FireMedic1

Hmmm...maybe precoffee with a 3 month old baby got me this morning. I took it as it being brought current and in the process no longer derogatory. That was my confusion...how can a CO be brought current to a Pays As Agreed status (therefore no more DoFD)?

Re: Format error? Surely not re-aged.

gdale6 — Thu, 25 Jun 2020 16:15:21 GMT

@Anonymous wrote:
@FireMedic1

Hmmm...maybe precoffee with a 3 month old baby got me this morning. I took it as it being brought current and in the process no longer derogatory. That was my confusion...how can a CO be brought current to a Pays As Agreed status (therefore no more DoFD)?

A CO can never be brought to a "current account" once a CO always a CO paid or not.

Re: Format error? Surely not re-aged.

Anonymous — Thu, 25 Jun 2020 20:02:58 GMT

@gdale6 exactly. So what would be the point of them randomly throwing in a Pays As Agreed 3 months before the fall off date

Re: Format error? Surely not re-aged.

Anonymous — Thu, 25 Jun 2020 22:52:19 GMT

@gdale6 wrote:
@Anonymous wrote:
@FireMedic1

Hmmm...maybe precoffee with a 3 month old baby got me this morning. I took it as it being brought current and in the process no longer derogatory. That was my confusion...how can a CO be brought current to a Pays As Agreed status (therefore no more DoFD)?
A CO can never be brought to a "current account" once a CO always a CO paid or not.

It certainly can happen when it has been disputed and it says in the remarks it has. It is further punishment, but not forever. It eventually becomes a good thing. The TL will *not* drop off at 7 years from DoFD. It will remain at least 10 years from last update. Each negative mark will drop off as they reach 7 years old. Once the bad marks drop, it will keep it's age and say "paid as agreed" (or whatever) showing that it is a positive TL.

So yeah, bad, but then good.

That's how I learned to leave accurate accounts alone! I am terrified to dispute anything anymore.

Re: Format error? Surely not re-aged.

FireMedic1 — Thu, 25 Jun 2020 23:35:53 GMT

@Anonymous wrote:
@gdale6 exactly. So what would be the point of them randomly throwing in a Pays As Agreed 3 months before the fall off date

Probably because the 3 lates (30, 60, 90 days) that led to the charge off were a string that fell off as 1.

Re: Format error? Surely not re-aged.

Anonymous — Fri, 26 Jun 2020 00:15:11 GMT

I'll call EQ about it. A CO can never be caught up, only paid/settled. The fact that the balance is the exact same as it's been for 6 years should make it obvious. Otherwise, what did I catch it up with, unicorns and pixie dust?

@FireMedic1 wrote:
@Anonymous wrote:
@gdale6 exactly. So what would be the point of them randomly throwing in a Pays As Agreed 3 months before the fall off date
Probably because the 3 lates (30, 60, 90 days) that led to the charge off were a string that fell off as 1.

Re: Format error? Surely not re-aged.

Anonymous — Fri, 26 Jun 2020 00:29:59 GMT

@Anonymous wrote:
I'll call EQ about it. A CO can never be caught up, only paid/settled. The fact that the balance is the exact same as it's been for 6 years should make it obvious. Otherwise, what did I catch it up with, unicorns and pixie dust?
@FireMedic1 wrote:
@Anonymous wrote:
@gdale6 exactly. So what would be the point of them randomly throwing in a Pays As Agreed 3 months before the fall off date
Probably because the 3 lates (30, 60, 90 days) that led to the charge off were a string that fell off as 1.
@FireMedic1 wrote:
@Anonymous wrote:
@gdale6 exactly. So what would be the point of them randomly throwing in a Pays As Agreed 3 months before the fall off date
Probably because the 3 lates (30, 60, 90 days) that led to the charge off were a string that fell off as 1.

I wish I had much older reports on hand to share what happened with mine, but here is how they now look:

No DoFD listed sincw marked "pays as agreed" and well past 10yrs since account closed. Will likely drop 10yrs post "date reported".

"On report until" lines up with 10 years after "date last updated"

Way over 10yrs past date closed, will probably drop 10 yrs post last update. No DoFD listed anymore since marked "pays as agreed"

again, I see you disputed the account. Nothing can reset the DoFD, but disputing it can change account information, which probably changed how it was reported to "pays as agreed". That is exactly what happened to me.

Re: Format error? Surely not re-aged.

Anonymous — Fri, 26 Jun 2020 01:53:09 GMT

Yeah, I understand what you're saying, I'm just saying I'm not going to let them. They're at the mercy of FCRA 623, I'm not at the mercy of FPB.

I get they're butthurt over the dispute, but the dispute was legitimate (they had DoFD as 12/13, then corrected it to the proper 9/13).

As mentioned, I'm sure even a front line CSR at EQ will see it's impossible to go from CO to PAG when the balance didn't move one penny.