topic Re: Help me understand please!!! in Rebuilding Your Credit

Help me understand please!!!

Anonymous — Fri, 01 May 2009 17:19:09 GMT

I just got off the phone with Legacy Visa/FNCC. They have been reporting that I have a $150 past due balance. I disputed it and it came back verified. I couldn't find my documentation so I wrote a PFD letter. THey responded with a letter saying "our records indicate your account has been settled in full and reflects a $0.00 balance. The settlement payment was received on January 31, 2007."

This is what is showing on my CR

date opened: 09/2003 Type: Revolving Reported since 04/2007 Terms: NA Date os status 04/2009

Monthly payment: 0 Last reported 04/2009 Responsibility: individual credit limit $250 High balance $430 Recent balance NA Recent payment NA

Account history : Charge off as of April 2007 to March 2009

Creditors statement: Account legally paid in full or less than full balance.

I just got off the phone with the supervisor. I was told that the account was settled for 287 and change and that they wrote off the $150 balance Feb, 2007 and the account was charged off on August of 2006 and sent to a collection agency.

I asked her why it is showing as reported since April, 2007 since the account was charged/written off by then and why was it reported AFTER everything was resolved. She said It should have been reported all along and that the credit bureau only shows account activity for the past 24 months which is why the reported since date is April of 2007. Is this correct? I can understand that they show a KD for the past 24 months but not a REPORTED SINCE date? Also, per the supervisor the charge off was done in August, 2006 and the write off of the "balance" was in Feb, 2007. So how is "reporting correctly" with a notation of Charge off as of April, 2007 to March, 2009

If anyone has any input. PLEASE let me know because this has me really upset. I wrote trying to pay a bill that I already paid that was reporting incorrectly, disputed and verified and was told that the bill was already paid and the bill wasn't even "reported" until after it was paid!!!

Re: Help me understand please!!!

203bravo — Fri, 01 May 2009 17:45:05 GMT

Your post is a little confusing:

The account is showing as legally settleled on your report, so why would you consider a PFD at this point? There is nothing to pay.

Which report did you look at that has a notation of "Account History: Charge off as of April 2007 to march 2009"? I have never seen an account reported like that from any of the 3 CBs.

They may have updated the account, but that does not alter the DOFD or the reporting period - unsure of your concern here.

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 17:45:22 GMT

Who is reporting what you show above? The OC or CA?

moonlitnight wrote:
So how is "reporting correctly" with a notation of Charge off as of April, 2007 to March, 2009

Because it was a CO on those dates.

Re: Help me understand please!!!

203bravo — Fri, 01 May 2009 17:48:42 GMT

AHhhh... I think that makes since sidewinder - the poster is looking at the 24 month history and seeing the "CO" notation.

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 18:32:48 GMT

I'm sorry I got confusing.

It has been showing as $150 past due for the past 3 months (or longer but that is when I started looking at it). It just got updated to paid (it was paid in January, 2007) and they put the charge off notation on there. Prior to the past week it was showing as

Balance: 150

Past Due: 150

Date opened 9/1/03

Status: Closed

Payment Status: Charge off

Terms Revolving:

DOFD May, 2006.

The information I posted above is what it has been "updated" to.

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 18:38:41 GMT

I don't see anything wrong with what is being reported.

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 19:39:44 GMT

@Anonymous wrote:
I don't see anything wrong with what is being reported.

I think I might understand the OP's question (maybe). He's concerned that it's *still* showing a $150 PAST DUE balance even though he paid/settled on the debt over 2 years ago.

I would have thought that if they settled a $430 for $287, they'd not mention the deficit $150 as a derogatory since they did, in fact, settle.

OP: If you pull your reports here from FICO, does this account show as a "delinquent/past due" account in the little Accounts Summary thingamajiggie?

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 19:40:54 GMT

@Anonymous wrote:
I'm sorry I got confusing.

It has been showing as $150 past due for the past 3 months (or longer but that is when I started looking at it). It just got updated to paid (it was paid in January, 2007) and they put the charge off notation on there.      Prior to the past week it was showing as

Balance:   150
Past Due: 150
Date opened 9/1/03
Status: Closed
Payment Status:   Charge off
Terms Revolving:
DOFD   May, 2006.

The information I posted above is what it has been "updated" to.

Is that what you're not understanding? How they can report that you're past due when the debt's been settled?

If so, join the club. I didn't think they were supposed to do that. :/

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 19:44:10 GMT

Wonderin wrote:
@Anonymous wrote:
I'm sorry I got confusing.

It has been showing as $150 past due for the past 3 months (or longer but that is when I started looking at it). It just got updated to paid (it was paid in January, 2007) and they put the charge off notation on there.      Prior to the past week it was showing as

Balance:   150
Past Due: 150
Date opened 9/1/03
Status: Closed
Payment Status:   Charge off
Terms Revolving:
DOFD   May, 2006.

The information I posted above is what it has been "updated" to.

Is that what you're not understanding? How they can report that you're past due when the debt's been settled?

If so, join the club. I didn't think they were supposed to do that. :/

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 19:52:13 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I'm sorry I got confusing.

It has been showing as $150 past due for the past 3 months (or longer but that is when I started looking at it). It just got updated to paid (it was paid in January, 2007) and they put the charge off notation on there.      Prior to the past week it was showing as

Balance:   150
Past Due: 150
Date opened 9/1/03
Status: Closed
Payment Status:   Charge off
Terms Revolving:
DOFD   May, 2006.

The information I posted above is what it has been "updated" to.

Is that what you're not understanding? How they can report that you're past due when the debt's been settled?

If so, join the club. I didn't think they were supposed to do that. :/

Ah. I don't think I get the OP then. One moment, he seems to be saying that it WAS notated "past due" with an owed amount of $150, the next moment he seems to say it's NOT posting that way anymore.

Anywho, I didn't read that part -- I saw the part at the bottom. Which is what confused me. Not that that takes a lot nowadays. o_O

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 20:16:47 GMT

It's ok, I think I understand MOST of it now that I have taken a step back and calmed down...

From what I understand, The account was 30 days late as of May, 2006. It was charged off as of August, 2006 and sent to CA. The CA is who I entered into an agreement with and "settled in full" with. The OC received the information and payment on 1/31/07 and wrote off the balance ($150) in Feb 2007. My credit report has shown me as having a past due balance since that time. I disputed the balance in Feb, 2009 and it came back verified. I then sent a PFD letter to OC. They responded back and said that it was settled in full on 1/31/07. However, in the collections system of the computer it was still showing a past due balance of $150 so they were verifying it with the credit bureau. Somehow the dispute is NOW coming back as being paid in full but the date first reported is changed to April, 2007 and the charge off status is changed from August, 2006 to April, 2007. That is where I got confused.

Sorry to confuse you all and thanks for taking the time to read. Just goes to show you shouldn't type when you are worked up.

Re: Help me understand please!!!

Anonymous — Fri, 01 May 2009 20:26:12 GMT

The "reported since" date should be the date the creditor first reported anything to the CRA.

Some do not report until an account goes bad. Do you have reports prior to April 2007 showing this being reported?

Re: Help me understand please!!!

Anonymous — Thu, 25 Jun 2009 23:52:51 GMT

I know this thread is a bit old, but..

What should a person do if the "reported since" date is incorrect? Target NB is, as far as I can tell, misreporting to EX with a "reporting since 04/2009" on an account that was C/O in 09/06 paid in 08/07 and previously reflected somewhat correct information (made the mistake of disputing them asking them to fix it on EX and EQ..). My EX score dropped 57 points since it seems to read it as charged off in 04/09. EQ reflects a 90+ late (R/F) in 04/09 but the DOLA is untouched. TU is untouched and DOLA is still 08/2007.

I don't recall what the reported since date was prior to the update, but it was probably sometime around the time the account opened, in 2003. It certainly wasn't 1-2 months ago.

I've gotten so confused, and gotten so much conflicting info. The DOFD is still the same, it's supposed to come off in 2012. It still appears that the change in reported since is what is affecting my score. I wrote Target about it, highlighting the "reported since" date on the copy of the EX dispute "resolution" I recieved. Target's letter says I'm incorrect in reading it that EX has it as CO 04/09 (now changed to 05/09), but doesn't address the "reported since" that I highlighted on the page, just says that "date of status" "last reported" and "account history" are correct. Account history states "C/O as of April 2009." EX, when I called to talk to a real person, indicated that the only reported CO date is 2009. Granted, the person answering the phone may not know more than I do.. I'm so frustrated!

Edit: CSC (EQ) sent me a letter that I just opened.. saying they couldn't process the dispute because it isn't currently on my report It's no longer on EQ ,checked my score and it went from 587 to 615! . Yay!

Its still showing on EX, though.

Message Edited by lha2009 on 06-25-2009 04:52 PM