topic Re: Reporting Issue in Rebuilding Your Credit

Reporting Issue

Whitneyy — Mon, 24 Oct 2022 12:10:41 GMT

So I have been fighting with this account forever. I have successfully gotten it removed from Experian some years back but its still the "monkey" on my back with Equifax.

I would just like to know if this is reporting correctly and what I should do next?

Re: Reporting Issue

FireMedic1 — Mon, 24 Oct 2022 15:52:42 GMT

A repo can stay on your credit report for up to seven years. If there's an outstanding balance after the sale of the vehicle at the auction. The balance will show on your credit report. So since it still has a balance. It will keep updating. Like a charge off credit account. We tell folks to settle it so it quits updating monthly. So Aug '25 it will fall off. EQ will be EQ.

Re: Reporting Issue

Whitneyy — Mon, 24 Oct 2022 19:09:20 GMT

Thanks for the response!

Where did you come up with that fall off date?

The DOFD is April 1, 2016.

Re: Reporting Issue

GZG — Mon, 24 Oct 2022 19:13:13 GMT

@Whitneyy wrote:
Thanks for the response!
Where did you come up with that fall off date?
The DOFD is April 1, 2016.

experian's website is buggy and doesn't show the reporting properly in your picture compared to the real report based on the picture that's where they are getting what they think the DOFD is.

Pull your EQ report or use MyEquifax to confirm the DOFD date.

Re: Reporting Issue

FireMedic1 — Mon, 24 Oct 2022 21:10:32 GMT

@Whitneyy wrote:
Thanks for the response!
Where did you come up with that fall off date?
The DOFD is April 1, 2016.

@Whitneyy From your snip. More details the better.

Month before "R" repo. Thats all we had to go by. Didnt list the DoFD in your OP.

Re: Reporting Issue

Pway — Mon, 24 Oct 2022 20:45:58 GMT

@FireMedic1 wrote:
A repo can stay on your credit report for up to seven years. If there's an outstanding balance after the sale of the vehicle at the auction. The balance will show on your credit report. So since it still has a balance. It will keep updating. Like a charge off credit account. We tell folks to settle it so it quits updating monthly. So Aug '25 it will fall off. EQ will be EQ.

I agree with this ^^^^

Re: Reporting Issue

Whitneyy — Mon, 24 Oct 2022 21:16:09 GMT

@GZG wrote:
@Whitneyy wrote:
Thanks for the response!
Where did you come up with that fall off date?
The DOFD is April 1, 2016.
experian's website is buggy and doesn't show the reporting properly in your picture compared to the real report based on the picture that's where they are getting what they think the DOFD is.

Pull your EQ report or use MyEquifax to confirm the DOFD date.

Whew I was scared that maybe I overlooked something.

Yes, Equifax lists the date I stated. It stopped reporting for a while and then started back with the R's.

Re: Reporting Issue

FireMedic1 — Mon, 24 Oct 2022 22:20:02 GMT

@Whitneyy wrote:
@GZG wrote:
@Whitneyy wrote:
Thanks for the response!
Where did you come up with that fall off date?
The DOFD is April 1, 2016.
experian's website is buggy and doesn't show the reporting properly in your picture compared to the real report based on the picture that's where they are getting what they think the DOFD is.

Pull your EQ report or use MyEquifax to confirm the DOFD date.
Whew I was scared that maybe I overlooked something.

Yes, Equifax lists the date I stated. It stopped reporting for a while and then started back with the R's.

Honestly. At this point the fall off is 04/23. Isnt far off. We know the history of EQ messing things up even more. I wouldnt poke the bear. And hope there isnt a last ditch effort to collect. Youve wait 6.6 months. Another 6 months will be here soon.

Re: Reporting Issue

gdale6 — Tue, 25 Oct 2022 01:35:10 GMT

@FireMedic1 wrote:
@Whitneyy wrote:
Thanks for the response!
Where did you come up with that fall off date?
The DOFD is April 1, 2016.
@Whitneyy From your snip. More details the better.
Month before "R" repo. Thats all we had to go by. Didnt list the DoFD in your OP.

Yeah you cannot really figure drop off date from a payment history they are typically ridden with errors on COs & Repos.