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This myth that only 30 day late payments are reported to the credit bureaus is a lie. Today I applied for Barclay credit card, instantly approved for 1,500$ , 4 minutes later I called the back door number and requested to have my limit set at 3,000$. Here is where it gets interesting, before he gave me a 500$ Increase ( he denied anything higher then that because of how low my other credit limits were) he did a soft pull and asked me why was I 2-3 days late on my Wells Fargo credit card. Interesting, I thought only 30 day late payments were reported to the bureau and anything reported under 30 days was a violation of federal law. My Wells Fargo credit card had interest due on 12/2/2016 (11.25$) I didn't pay it because that interest included a cash advance interest and last month that cash advance was due to a fraudulent charge; Not only did wellsfargo make a mistake by charging me interest on a fradulaebt charge, that they claimed was already resolved and any related fees would be reimbursed back to me; but they also reported me 2-3 day late payment to the bureaus. Also, I pulled the SAME credit report Barclays pulled a couple of minutes later and I didn't see ANY late payments on my account. It's safe to say lenders can see things we can't. I will be seeking legal help.
Could it have been a misunderstanding? Did you call back to speak to a different person to see what they would say?
Wow, that is messed up. I'm interested in the outcome of all this.
no creditor is reporting 2-3 days late and it's not even an option on a credit report to show such things... it's either current or 30+ days late.
Not sure where the misunderstanding was but it's false.
Pull a TU report of your own and verify that wells has not reported a 30 day late and if not move on... Barclay can be great or they can be EPIC stupid! I think you hit the latter tonight!
@Creditaddict wrote:no creditor is reporting 2-3 days late and it's not even an option on a credit report to show such things... it's either current or 30+ days late.
Not sure where the misunderstanding was but it's false.
Pull a TU report of your own and verify that wells has not reported a 30 day late and if not move on... Barclay can be great or they can be EPIC stupid! I think you hit the latter tonight!
PREACH BROTHER!! LOL
Data point: my grandparents had a fraudulent charge show up on their WF Visa back in the summer... Wells was very prompt in rectifying the situation, and they reversed the interest that had accrued on the charge (it was nearly two months old when it was spotted). We did not have to request the interest credit... it was automatic.
I'm not saying I don't believe the OP, but something is wrong here... Wells has their faults but I've seen first-hand how they deal with this kind of thing, and they were both professional and efficient.