Been Reading forums for days, still need help - PLEASE!

[moreFICOplease]

I've been reading the boards here for the last few days and have learned a lot but still a bit muddled on this one account below.

I pulled my free CRs from all three. This is showing up on Experian only:

GEMB/MERVYNS

Type: Revolving

Terms: N/A

Account Number: XXXX

Date Opened: 08/1995

Date of Status: 04/2005

Reported Since: 04/2005

Last Reported: 04/2005

Monthly Payment: $0

Responsibility: Individual

Status: Transferred/Closed

Status Details: This account is scheduled to continue on record until Apr 2015

I last sent a payment directly to Mervyn's before 2001 and it went to collections right around that time. By the dates I'm assuming they are considering this a closed account as of 4/2005 and so it can stay on my CR for 10 yrs. Can they do that? My account was with Mervyn's not GEMB, or are they the same thing? Is GEMB the CA?

I'm a little confused and would like a little insight on the best way to proceed without screwing my CR up.

Much thanks.

Message Edited by moreFICOplease on 10-11-2007 01:21 PM

Message Edited by moreFICOplease on 10-11-2007 01:25 PM

[moreFICOplease]

anyone?

[Anonymous]

I'm kinda new too but from what I see, it doesn't say anything about being in collection.  I do see the sold/transferred thing but I don't think it looks negative maybe someone with more experience can tell you.  For what its worth, Im not sure what GEMB is but I have it next to an old Lord and Taylor account that was in perfect standing so it can't be a CA.

Message Edited by nfg on 10-11-2007 01:36 PM

[Anonymous]

"Transferred/closed" is not a derogatory entry.

[azsassycat]

I'm by no means an expert, but here are my thoughts . . .

It appears to be a positive item and positive items will stay on your CRs for 10 years.

Cathleen

[moreFICOplease]

Okay, thank you. I was wondering about that since it says -0- balance.

I don't remember paying it but it was so long ago I guess it's possible. I was very worried about this one and thought it should be off.

Thank you!