topic Re: Why?!? in Rebuilding Your Credit

Why?!?

Anonymous — Thu, 24 Dec 2009 17:17:57 GMT

I have a CC account reporting as paid or paying as agreed! I paid it about 4 years ago for a less amount then the original. The account itself is helping my credit history age so I don't want the TL removed. However, its still saying 60 days past due. How do I get that removed? Do I simply send a GW letter to get the late removed? Thanks

Re: Why?!?

BungalowMo — Fri, 25 Dec 2009 22:04:25 GMT

How old is that 60 day late?? It's going to be tough getting a late posting removed when you hadn't PIF. Not impossible, but much more difficult.

What's the bal. that you left unpaid??

Re: Why?!?

Anonymous — Sun, 27 Dec 2009 16:16:41 GMT

The balance was at $461.00 and I paid only the $250.00 in a settlement with the CC company. If you look below you can see what lates are being reported. Is there any chance you think I could GW these lates?!? Thanks so much for your help!

This is what it says on my TU report:

Credit Card First Premier Bank

Status as of [?] Mar, 2007 Date opened [?] Nov, 2004 Date of last activity [?] Feb, 2007 Date paid out [?] Feb, 2007 Date closed [?] Nov, 2006 Account number [?] XXXXXXXXXXXX Loan type [?] Credit Card Credit limit [?] $250 Largest past balance [?] $461 Terms [?] Not Reported Account Type [?] Revolving Account Account holder [?] Individual Account Scheduled payment amount [?] Not Reported

Descriptions [?]

Account closed by consumer

Contact Information [?]

3820 N Louise Ave
Sioux Falls, SD 57104

Balance [?] Current Status [?] Past Due Amount [?] $0 60 days past due $0 Seven year payment history [?] 30 days late 2 times (Dec 2006, Aug 2006) 60 days late 1 time (Jan 2007) 90+ days late 0 times Recent payment history [?] 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 2005 2006 2007 Legend: Currently paid as agreed 30 days late 60 days late Worst Delinquency [?] 60 days past due The Worst Delinquency reports the worst missed payment status that has been documented on this account. Your FICO® score evaluates how recently that missed payment occurred and in general, the more recent, the more impact it has on your score. However, the fact that it occurred is still predictive of future payment risk and could be considered by your FICO® score

Re: Why?!?

Boldilocks — Mon, 28 Dec 2009 01:46:01 GMT

We have 3 FP lates from back in 2003 - have GWed like crazy, but FP generally doesn't comply. They just send me statements showing the lates and refusing to remove, and after that didn't respond at all. Ours are due to fall off next May, June and Sept and then the account will turn positive. Our card was closed in 2004 for less than the full balance too.

Re: Why?!?

AndySoCal — Mon, 28 Dec 2009 03:10:07 GMT

From the looks of how the tradeline is being reported it is not reporting as as a settled account for less than full balance. I would not do anything with this account. The link to the article below will explain why.

http://www.creditcards.com/credit-card-news/debt-settlement-choose-credit-score-1265.php

Re: Why?!?

Anonymous — Mon, 28 Dec 2009 18:34:11 GMT

Thanks for all the help! I guess I will just leave the account alone. I am just worried the lates are affecting my score pretty bad. Thanks again