Do old debts, which statute has expired automatically drop off?

[Anonymous]

You dont realize or maybe you do how much help this is to me. So basically CRA's is each individual is where I should see the drop date. I am part of the TrueCredit. Which is  better to be part of? CRA's or 3rd party? Would just like feedback.  Let me ask, I have a CC and havent been using it, just paying down. So my credit score dropped from 636 to 611 in a month. When I called TrueCredit to find out why if I havent been late (only have 2 car notes, home and 1 CC) the scored would drop. I was told because I have no activity on my card. I have to use, not just pay it down or score drops.   

[Anonymous]

I am part of True Credit, so I dont see it anywhere listed. I can only see OC and zero balance, then noted on CR is Nov 2006 (CA purchased) Do you know where I may be able to find that. I attempted for 6 months to contact OC for copies for payment history and verbally said they have no records, but would not give me in writing.

[Anonymous]

Thanks, so even though I can not see it on report, this must be information CRA have on file. Correct?

[Anonymous]

Very helpful, thanks.

[llecs]

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Graceful07 wrote:
You dont realize or maybe you do how much help this is to me. So basically CRA's is each individual is where I should see the drop date. I am part of the TrueCredit. Which is  better to be part of? CRA's or 3rd party? Would just like feedback.  Let me ask, I have a CC and havent been using it, just paying down. So my credit score dropped from 636 to 611 in a month. When I called TrueCredit to find out why if I havent been late (only have 2 car notes, home and 1 CC) the scored would drop. I was told because I have no activity on my card. I have to use, not just pay it down or score drops.   

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When starting repair, I suggest doing three things first:

1) Pull all 3 reports directly from the CRA. You can get all 3 for free via annualcreditreport.com. Your EX and TU reports (not EQ) will list a drop off date for most all CA and PR TLs, and will sometimes list a drop off date for the OC account. It will say something like "estimated time of removal is xx/xxxx" or something like that within each account. Third party reports like myFICO or TrueCredit don't show this info. Also, you can get more info off these reports like the full 7 yr history (vs. the 2 on the 3rd party reports), better demographic info, better TL contact info, soft inquiries, and overall better detail. IMO, pull each report at least once quarterly. EQ doesn't have a drop off date but will show your actual DOFD, by which to add 7 yrs for a drop off date.

2) Pull both FICO reports. Scores from TrueCredit are not FICO scores. They are a FAKO score called a TransRisk score. My actual FICO scores have been as much as 100 points higher than my TC score when pulled on the same day. If you go to the scores page in your TrueCredit account, scroll to the bottom. You'll see some fine print that has been greyed out. It mentions in that fine print that the scores from TC are not FICO scores. IMO, ignore the scores and the advice that go along with it. Your FICO can go up while your TC scores go down and vice versa.

3) Subscribe to a Credit Monitoring Service (CMS) like TrueCredit. Unfortunately now, you can only pull once a month, but most CMSs are like that now. Creditchecktotal (CCT) does allow you to pull daily. I use CCT for DW and I personally use NatCity's ID Protect (NCID). NCID looks exactly like TC, but allows you to pull daily, vs. once monthly. Of course, the price is higher with a daily puller. As with all CMSs (except for CreditWatch or ScoreWatch), ignore the scores and advice.

In short, ignore TrueCredit's scores and advice....and ignore that score drop.

[Anonymous]

Good Morning...I wasnt quite sure if I could be part of TC and still sign up for each CRA. Will do. I do have DH signed up with CCT and it is more, wasnt sure which was better. I would like to look into NCID, can I have the web site? Now, at one point I was signed up with CCT and TC, CCT scores were way low compared  to TC of course. Again the only negative info were these 2 items. Didnt quite understand that.

[llecs]

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Graceful07 wrote:
Good Morning...I wasnt quite sure if I could be part of TC and still sign up for each CRA. Will do. I do have DH signed up with CCT and it is more, wasnt sure which was better. I would like to look into NCID, can I have the web site? Now, at one point I was signed up with CCT and TC, CCT scores were way low compared  to TC of course. Again the only negative info were these 2 items. Didnt quite understand that.

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Annualcreditreport.com is the link (created by law to allow consumers to get each report for free once a year) by which to get your report. It isn't a service. Follow the questions and you'll be given an option to get any one, two, or all three reports.

My DW uses CCT. It isn't too bad. It doesn't show all the info and reporting isn't all that good, but you'll certainly be alerted to any new bad stuff and is a great way to see your balances and when they report.

BTW, as a subscriber to TC, you can get your FULL TU report from transunion for free at any time. Log into your account and pull up your latest report. Unless the layout changed, click "Dispute information" or "Dispute report" or something like that in the right hand margin. Follow the motions and TU will give you a free report. That report will show all the extra info you won't see in the TC report like soft inquiries and drop off dates. BTW, you don't have to dispute. Save or print your report if you want to and simply log out.

Like with TC, CCT offers the same for your DH's EX report. Tell him to log in and pull up the latest report. There's a dispute link at the top and clicking that will provide a free EX report. That report will show so much more.

Use these backdoor freebies sparingly....one day TU and EX will catch on and put a stop to it. Fun to get free reports in the meanwhile, though.

CCT scores are called PLUS scores, which are FAKOs. You can also find the same scores through other EX services like freecreditreport.com, consumerinfo.com, creditexpert.com, and others. The scores from TC are called TransRisk scores and are also FAKOs. Their score is also available via creditkarma and NCID. Of course, these aren't FICO scores. I personally ignore them.

I think the NCID link is this:

https://www.nationalcity.com/personal/promotions/IdentityProtect/default.asp

[Anonymous]

Confused: I am not sure on this. When I spoke with TC they stated my credit score dropped from EQ from 636 to 611 bc my CC had no acitivity. So, I was told by TC I had to have activity on card to balance the credit score. Now I receive tips on cc and it is stating to pay down on cc as I initially was. Anyone know how this really works.

[RobertEG]

True Credit does develop or produce actual credit scores, and is the last one I would look to for any evaluation of my score.

FICO does not score lack or presence of monthly activity.  The risk with showing inactivity for any extended period is only that the OC may reduce your CL, or even worse, close your card.  So show some action every couple of months.

I would only add to prior suggestons about determining your prior delinquency dates is to look at your actual account records first, for they have the firs-hand and accurate information.  This is particularly true when it come to DOFD, which is commonly mis-reported in credit reports.

For each account, locate the most recent string of consecutive delinquencies on the account.  Locate the date you missed your first paymet in that string, regardless of increasing monthly delinquencies in subsequent months.  That is your date of first delinqency (DOFD).  That will give you a true date to evaluate what the OC or CA is asserting.

[llecs]

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Grace07 wrote:

Confused: I am not sure on this. When I spoke with TC they stated my credit score dropped from EQ from 636 to 611 bc my CC had no acitivity. So, I was told by TC I had to have activity on card to balance the credit score. Now I receive tips on cc and it is stating to pay down on cc as I initially was. Anyone know how this really works.

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IMO, ignore TC's scores. Lenders don't use them.