Another dates question...

[Anonymous]

OK, so I can understand better what factors in my FICO score, I have a GMAC charge-off, happened almost three years ago, but the dates say differently (I think)...

Date Opened: 2004/02 Balance: $0
Date Reported: 07/2007 Amount Past Due: $0
Date of Last Payment: 06/2007 Actual Payment Amount: $9,000
Scheduled Payment Amount:$0 Date of Last Activity: N/A
Date Major Delinquency First Reported: Months Reviewed:33
Creditor Classification: Activity Description: Paid
Charge Off Amount: $0 Deferred Payment Start Date:
Balloon Payment Amount: $0 Balloon Payment Date:
Date Closed: 06/2007 Type of Loan: Auto Lease
Date of First Delinquency: 04/2005
Comments: Settlement accepted on this account,Paid charge off

Does FICO see that it was repo'd/charged off almost three years ago (shortly after DOFD)? Or does it seem to FICO that it was repo'd/charged off July/August of 2007?

Reason for asking, is that I was planning on getting the info about the repo/charge off from GMAC and ask/dispute the CRA's to change the effective dates to those dates (somewhere around August of 2005). And would this help?

Thanks for all the help!

[Anonymous]

I would not ask them to update, as fico will see it as more recent than what is already reported.

It will still come off reports at the 7-7.5 year mark.

[Anonymous]

Hmmm, but I would think "if" they changed the date, it would help because it would make my boo-boo further in the past? Do you know which one (date) they are looking at?

Thanks!

[Anonymous]

They are going to look at DOFD 4-05 and also your payment date.

FICO will see 2-25-08 if you try to get them to update today, thus making your score drop as it will be a "recent" baddie.

Message Edited by stef37 on 02-25-2008 08:47 AM

[Anonymous]

Foiled again....! I settled before I found the forums...unfortunately.

Thanks again!

[Anonymous]

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HinH wrote:
Foiled again....! I settled before I found the forums...unfortunately.

Thanks again!

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It happens.

I am sure who ever is financing your auto loan will look at the date you settled. It does look better that it is paid, so, I think you did well. I just would hate for your scores to tank a bit if you update it. Good luck!