topic Re: Does Payment Status Affect Scores in Rebuilding Your Credit

Does Payment Status Affect Scores

MrsDW — Mon, 20 Jun 2022 21:54:16 GMT

Going round and round with First Premier. Had a Charge Off. Paid Charge Off for less that full amount. TU and Exp are reporting an account status of "Paid after Charge Off "(Feb and March of 2017). EQ on the other hand is reporting an account status of "Charge Off "(10/2021- This is 2.5 years after the account was paid) and the rep I spoke to says its because I disputed the account. They updated the status of my account with the dispute date and cannot change it unless I send a letter telling them I no longer want to dispute the account.

Does the "payment status" affect credit scores?

Re: Does Payment Status Affect Scores

7774x — Mon, 20 Jun 2022 22:21:29 GMT

@MrsDW wrote:
Going round and round with First Premier. Had a Charge Off. Paid Charge Off for less that full amount. TU and Exp are reporting an account status of "Paid after Charge Off "(Feb and March of 2017). EQ on the other hand is reporting an account status of "Charge Off "(10/2021- This is 2.5 years after the account was paid) and the rep I spoke to says its because I disputed the account. They updated the status of my account with the dispute date and cannot change it unless I send a letter telling them I no longer want to dispute the account.

Does the "payment status" affect credit scores? ..It can
Call 1st premier tell them to correct their EQ report error..they give you a hassle, report to Cfbp.. Strange ..mine with 1st prem went through smoothly,, so did my nephew's

It may If account not showing paid with zero balance

Re: Does Payment Status Affect Scores

MrsDW — Mon, 20 Jun 2022 22:37:53 GMT

Reports a $0 balance, but account status still shows charge off, not Paid after charge off.

Re: Does Payment Status Affect Scores

FireMedic1 — Tue, 21 Jun 2022 14:48:22 GMT

If you settled in 2017 and that was the end of it. Why was there a dispute in 2021? One reason wny we say dont dispute accurate info. Comes back verified and there goes the points. But it doesnt change the DoFD.

Re: Does Payment Status Affect Scores

gdale6 — Tue, 21 Jun 2022 16:37:18 GMT

Yes payment status affects Fico scores, if its not "paid as agreed" then its a derogatory account the entire time its on file.

Re: Does Payment Status Affect Scores

MrsDW — Wed, 22 Jun 2022 01:11:37 GMT

Thank you for your reply. Thinking I will just leave it alone and wait until 2024 for it to age off.

Re: Does Payment Status Affect Scores

MrsDW — Wed, 22 Jun 2022 01:12:06 GMT

Thank you for your reply. I was worried it did.

Re: Does Payment Status Affect Scores

MrsDW — Wed, 22 Jun 2022 01:12:50 GMT

Thank you for your reply. Gonna wait it out.

Re: Does Payment Status Affect Scores

babygirl1256 — Tue, 28 Jun 2022 06:05:21 GMT

@MrsDW A charge-off refference will remain. What matters on your report is the "Date of First Delinquency" as that's the determining date for the item to be deleted. The only negative account on any of my reports is ONLY Equifax and they refused to delete the trade line as Experian and TransUnion both deleted it as a one time courtesy.