696 686 AND 592

[Anonymous]

For weeks now I have been trying to help the lil sis figure out why in the heck was her EX score more than more than 92 lower than both of her other scores. Well I have finally figured it out 5 minutes ago.

She has an unpaid collection from a CCC that was charged off in 2004. This collection is continuing to report on EX as (19 times) 90 days late.

Can they do this if the collection was charged off in 2004?

BTW, the collection is on her other reports as well as charged off. Please help me correct this for her. How should I dispute this with the CB's? She does not have the money to pay it off. How can we get it to report like the others as a charge off and not showing late pays every month?

Message Edited by jaybee on 01-06-2008 09:31 PM

[SmartCookie]

hiya cameron,

This is an actual CL TL?

What does she have on all the reports regarding this for OC and CA?  What was the DOLA/FD, 2004?  And what is her state's collecting SOL?

Asking because I want to see what she can do to avoid trying to dispute the way it is reporting.  That might get her too much attention...

xo,

Drew

[Anonymous]

Hey there Drew

This is an old account with Applied Bank. The DOFLA is Feb 2004. The state is TX and the SOL is 4 years (next month).

There is no CA reporting just the OC is reporting. On the other reports it shows as charged off, DOFLA Feb 04. On EX it is showing as 90 days late as of Nov 07. It has been 90 days 19 times, which is 1710 days late, which is equivalent to a total of 4.68 years late. I know this is against the law. I want to know how can I help her dispute. Thank you for your response.

[Anonymous]

any input?

[fused]

Hi jaybee:

Here's the problem with an OC reporting a charge-off, unlike collections, CO's can factor in util calculations and this can further tank scores. In fact, it's possible that the high util from this derog TL is having a bigger impact than the CO reporting itself.

[Anonymous]

Hi fused Thanks for the response. Can they continue to report as 90 days late if this has been charged off in 2004? It is showing the date of last activity as Oct 04 and the date of last payment as Feb 04.

[fused]

---

jaybee wrote:
Hi fused Thanks for the response. Can they continue to report as 90 days late if this has been charged off in 2004? It is showing the date of last activity as Oct 04 and the date of last payment as Feb 04.

---

Tragically, unfortunately yes.

[Anonymous]

Oh Wow! I guess her best action would be to do a fund raiser or get a part-time job to get the money and pay off the debt. Oops!

I read on one of the threads about a commencement to delinquency act, does that not apply to this situation?

The last 90 day late was Nov 2007.

Message Edited by jaybee on 01-07-2008 08:56 PM

[SmartCookie]

---

jaybee wrote:

Hey there Drew

This is an old account with Applied Bank. The DOFLA is Feb 2004. The state is TX and the SOL is 4 years (next month).

There is no CA reporting just the OC is reporting. On the other reports it shows as charged off, DOFLA Feb 04. On EX it is showing as 90 days late as of Nov 07. It has been 90 days 19 times, which is 1710 days late, which is equivalent to a total of 4.68 years late. I know this is against the law. I want to know how can I help her dispute. Thank you for your response.

---

I know that I have read that reporting lates after a charge-off is illegal (unpaid), but it's not since it's just an internal accounting term.  I think EX has an outdated system and that is why it appears that way... she got lucky with EQ and TU if you know what I mean.  So it cannot be disputed for that particular reason alone. Once SOL is up, I don't see a problem with her disputing 'I believe this have been reported as a CO on MM/YEAR' to see what happens.  Either way though, it's continuing to report a derog... and there is no way to stop that unless I am seriously not understanding the law.

Being that this will still be reporting for at least 3 years, my only suggestion would be for her to try to put away some money for a really low-ball PFD settlement.  Any possibility that she might be able to?

[Anonymous]

She and her DH are apart of a CU, so I suggested that she take out a loan to try and pay it, since her scores in EQ are fairly decent.

One more thing she did not get so lucky with EQ. They have reported that as being 90 days late 28 times, that is longer than the account has been delinquent. Not that one is not legal because it is saying that the account has been delinquent for almost 7 years. I wonder should she leave it alone and wait for it to fall off, since it is saying that it is almost 7 years late? ...wait...nah I think she need to dispute that one, definitely because they still have the DOFLA as Oct 04. Geez this a mess!!

I wonder why are her scores much higher on EQ, and they show more lates, than EX? That shows right there that they have totally different scoring methods.