topic Re: Confused!!! in Rebuilding Your Credit

Confused!!!

mocha76 — Thu, 16 Jul 2009 14:30:39 GMT

I have caught up a bill that was over 120 past due. Equifax has updated the past due amount to zero but have not updated the status. It is still showing as 120+ days past due with a $0 balance past due. I made the June payment on time. What is the disconnect? Is it Equifax or the creditor?

Re: Confused!!!

Anonymous — Thu, 16 Jul 2009 14:47:51 GMT

Is the account open or closed?

Re: Confused!!!

mocha76 — Thu, 16 Jul 2009 19:56:16 GMT

It is open. It is actually a mortgage. I got a loan modification, so I was brought current and have started making payments but the baddies from before are "killing" me.

Re: Confused!!!

Anonymous — Thu, 16 Jul 2009 20:25:57 GMT

Are you completely caught up? Or are you still on some reduced plan?

They might keep that status until you are Completely Caught Up.

Re: Confused!!!

mocha76 — Thu, 16 Jul 2009 20:28:47 GMT

I am completely caught up. No past due balance or anything. They modified the loan, brought the account current, and removed all late fees from my account.

Re: Confused!!!

BungalowMo — Thu, 16 Jul 2009 23:15:58 GMT

When did you get caught up? Did they say they were going to remove those from the CR's?

Re: Confused!!!

mocha76 — Fri, 17 Jul 2009 19:06:33 GMT

In June. I have paid June and July's mortgage on time. No, I hadn't asked them if they would remove them but since the loan was modified, I was hoping the baddies would go away. But even still, EQ is still showing 120+ days past due for June and July and that is definitely not true.

Re: Confused!!!

Anonymous — Sat, 18 Jul 2009 03:31:26 GMT

I wouldn't think the lates that occured PRIOR to the payment plan being made would be removed unless you specifically asked and agreed, but I would think the June & July payments would show as on-time, but maybe with a note that you are in a payment plan.

Re: Confused!!!

Anonymous — Sat, 18 Jul 2009 08:19:31 GMT

It is reporting correctly. They are not saying you are currently past due, hence the 0 past due balance. But your worst delinquency was 120 past due and that will not change until those lates drop off your CR.