topic Re: Worth fixing or not? in Rebuilding Your Credit

Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 11:30:29 GMT

Greetings all. Long time reader, first time poster. I'm a bit unclear on how to approach an inconsistency in my credit reports. All three are generally uniform and show the same (10) late payments on one of my old accounts. TU and EX both show them as 9--"30 day lates" and 1--"60 day late". EQ however shows 9--"60 day lates" and 1--"90 day late." All of the lates are 4-6 years old. The 90 day is 5 1/2 years old. I guess my questions would be; how uncommon is this? How might I go about fixing it, if at all? I have no idea how much affect these differences are still having. I can definitely say that my EQ FAKOs have consistently lagged the others by 25+ points for as long as I've been monitoring them. Thanks in advance. Hopefully someone can clear this thing up for me.

Re: Worth fixing or not?

GApeachy — Fri, 14 May 2021 11:42:47 GMT

Where do you see the EQ 90 day lates? Is it on "MyEquifax" or somewhere else?

(Reason I ask this is because I have (1) 30 day late that recently Eq. reported on "MyEquifax" that one 30 day late as a 60 day late- which is incorrect. I checked and have been checking with Credit Karma, AnnualCreditReport.com, Experian 3B, and MyFico 3B that EQ. reports only (1) 30 day late.)

Anyway, if you haven't pulled from any of those above (particularly Annualcreditreport.com) do so to compare to where you've seen those 90 days reported.

Re: Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 12:06:50 GMT

Exactly... MyEquifax. I have also reviewed Karma as well as annualcreditreport for TU and EX. I'm waiting for my EQ report in the mail. I will certainly explore your other suggestions. Thank you.

Re: Worth fixing or not?

Brian_Earl_Spilner — Fri, 14 May 2021 12:28:08 GMT

Yes, it's worth fixing. A 90+ late keeps it's weight almost the entire time it's on your reports where 30-60 day lates will lose effect as they get older. Best thing to do is run a goodwill campaign to try and get them removed if possible, but if not, you should at least he able to get them fixed.

Re: Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 13:19:05 GMT

I get what you're saying. It's definitely worth it. So is this normally as simple as a phone call to EQ, or might I have to initiate some type of dispute? Sorry, If I sound clueless here. Lol.

Re: Worth fixing or not?

GApeachy — Fri, 14 May 2021 13:19:39 GMT

@kawboy2222 wrote:
Exactly... MyEquifax. I have also reviewed Karma as well as annualcreditreport for TU and EX. I'm waiting for my EQ report in the mail. I will certainly explore your other suggestions. Thank you.

Does Credit Karma and annualcreditreport also show 90 day lates reported by Equifax as well or is it only reporting the 90 day lates on "MyEquifax"?

(I ask that because if the 90's are only on MyEquifax and not the others then I wouldn't dispute first but rather call Equifax and question what they are indeed reporting and tell them about the discrepancy if indeed there is one.)

Re: Worth fixing or not?

Brian_Earl_Spilner — Fri, 14 May 2021 13:27:06 GMT

@kawboy2222 wrote:
I get what you're saying. It's definitely worth it. So is this normally as simple as a phone call to EQ, or might I have to initiate some type of dispute? Sorry, If I sound clueless here. Lol.

Avoid dealing with EQ if possible. Start with whomever reported it. Only go to EQ if there's no other option and you have proof it's wrong. They're known to screw up all the time.

Re: Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 13:31:33 GMT

I just double checked. Karma shows it as 90 days as well. I was unable to get my EQ annual report online so I'm waiting for it to arrive by mail.

Re: Worth fixing or not?

GApeachy — Fri, 14 May 2021 15:12:11 GMT

@Brian_Earl_Spilner wrote:
@kawboy2222 wrote:
I get what you're saying. It's definitely worth it. So is this normally as simple as a phone call to EQ, or might I have to initiate some type of dispute? Sorry, If I sound clueless here. Lol.
Avoid dealing with EQ if possible. Start with whomever reported it. Only go to EQ if there's no other option and you have proof it's wrong. They're known to screw up all the time.

Exactly. If OP only finds the 90 days being reported on "MyEquifax" but not on Credit Karma or annualcreditreport.com then I wouldn't worry do anything yet. Perhaps even order a 3b from MyFico or Experian to further confirm any descrepancies.

Since you ordered a credit report from Equifax, wait to see how those lates are reporting. If indeed the hard copy has the (eta: 1- 90 and several 60 day lates) 90 day lates instead of them being 60 days then I'd call Equifax.

Re: Worth fixing or not?

Sandman771 — Fri, 14 May 2021 13:35:28 GMT

@Brian_Earl_Spilner wrote:
@kawboy2222 wrote:
I get what you're saying. It's definitely worth it. So is this normally as simple as a phone call to EQ, or might I have to initiate some type of dispute? Sorry, If I sound clueless here. Lol.
Avoid dealing with EQ if possible. Start with whomever reported it. Only go to EQ if there's no other option and you have proof it's wrong. They're known to screw up all the time.

Yeah they are messed up on mine. It is showing an old account that was a real estate loan that was closed in 2007. Paid as agreed . Since it is a good thing I am not worried about it.

Re: Worth fixing or not?

GApeachy — Fri, 14 May 2021 13:36:49 GMT

@kawboy2222 wrote:
I just double checked. Karma shows it as 90 days as well. I was unable to get my EQ annual report online so I'm waiting for it to arrive by mail.

Okay, since they are being reported that way you could call Equifax to see what they say. Maybe wait until you get your hard copy from annualcreditreport before calling.

Re: Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 13:41:43 GMT

I'm gonna go ahead and order the 3B and wait for the mailed copy. I'll report back with an update. Thanks so much.

Re: Worth fixing or not?

GApeachy — Fri, 14 May 2021 13:54:56 GMT

Btw, since it's 60 and a 90 day lates you're writing about be sure to check the months and look for any other descrepancies along that line. Mark your errors, and go back through your records if at all possible, make sure those lates reported by tu and exp are correct and that they aren't reporting incorrectly....you don't want to open a can of worms.

Re: Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 16:38:38 GMT

got it. Will do.

Re: Worth fixing or not?

kawboy2222 — Fri, 14 May 2021 16:48:25 GMT

I get what you're saying. I reviewed the entire account. Every documented late and every month is the same across the board. It's only the length that differs. I'll look to confirm through the lender as well, but I'm pretty certain that the EQ Is off.

Re: Worth fixing or not?

Nikita2008 — Sat, 15 May 2021 12:43:01 GMT

So true. I traded in my old car almost 2 years ago. The loan was paid and closed. I saw it on TU and EX as closed. EQ was reporting as open, but not updated.

I disputed with EQ online as soon as I disputed, EQ updated and posted 20 late payments from 2019 to 2021. My score instantly tanked 40 points ( only on EQ),

I contacted the lender. The lender said that they reported the exact same info to all 3 through an intermediary, and had not updated the account since it was closed. They sent me a letter confirming the balance, the date it was closed etc.

Had to do snail mail Dispute.

Re: Worth fixing or not?

kawboy2222 — Sun, 16 May 2021 00:01:16 GMT

Update-- I ordered my three bureau reports. All show the exact same 30 day lates and the 1- 60 day late. No 90 days at all. To include the EQ report. I also wrongly stated earlier that Credit Karma listed the 90 day late. It actually does not. Niether do the other Freebie sites that i checked. So... "MyEquifax" for whatever reason, is the only place that shows multiple 60 day lates and any 90 days. If Iunderstood you guy's advice, I should keep an eye on things and not sweat the MyEquifax stuff, right? Thanks for walking me through this.

Re: Worth fixing or not?

GApeachy — Sun, 16 May 2021 00:32:51 GMT

Exactly, "MyEquifax" did that to mine.... ignore.