How do I get an account to report correctly?

[masscredit]

First off, let me know if I think this is a bigger deal than it really is. I've been trying to get my old mortage (foreclosure from 2009) to report correctly. I stopped making payments  at the end of 2007 and the house was sold at auction in March of '09.   Last January I noticed it wasn't being reported as a foreclosure on my EX report so I disputed it.  They updated my report to show that my payments were OK up until that point (January of '14) and then it was marked Reposession/Foreclosure.  Totally wrong because the house was sold at auction close to 6 years before that so it looked like a fresh foreclosure. 

I went to the local Registry of Deeds website and printed out the foreclosure documents then wrote a letter to EQ and included those. That account started to go late just over 7 years ago so it should no longer be reporting. I think it wil help my scores a little if it reports correctly.  This is the letter that I sent -

To whom it may concern,
I reviewed my credit report and noticed that the account for (_____) Credit Union is reporting as being 90 days late once in January of 2014. The first late payment on that account was around October 2007. It went 30, 60 then 90+ plus until the house was foreclosed on March 10th, 2009. I have included supporting documents to show the account is being reported incorrectly. it has been longer than 7 years since that account first reporting a late payment so I am requesting that it be deleted from my report.

Yesterday I received an updated credit report from EX.  It now lists this for the mortgage -

Date Opened - September 2005 (this is right)

First Reported - March 2009 (hum... that's when it was sold)

Date of Status - December 2007

Status - Discharged thought Bankruptcy Chapter 7. This item ws updated from our processing of your dispute in Jan 2015.

Account History - Debt included in Bankruptcy on December 07, 2007 (My BK was in Feb of '10)

How can I get this right and does it really matter at this point? Credit Sesame and Credit.com both jumped up this week. One was 2 points and one was 11. I know they are FAKO scores but something happened to make those scores go up.  I haven't spent $19.95 to see if my actual FICO score has changed. It's been over 7 years since the account first reported a late payment so the account should have aged off of my reports. I don't see the account on my EQ report (highest score) and it's listed as Unrated on my TU. No balance, no lates ect...

What do you think? 

[gdale6]

If you stopped making payments at the end of 07 then the DoFD is in early 08 prob Feb 08, next month call the CRAs and ask for an early exclusion on it if it is still on file, it may go this month as the CRAs typically delete at the 7 year mark to be sure to stay within the confines of the law. oThe FCRA states that an item can remain on file for 7 years plus 180 days from the DoFD of the account. The thing you need to do is establish what month/year the DoFD actually is, its the first 30 day late that leads to the CO. If this was included in BK it cannot have any payment history post the month the BK was filed.

[masscredit]

How do I figure out when the DoFD was? I have a pretty good idea when (end of 2007). That's when everything really started to go downhill. It's been over 7 years since all of that happened so it's hard to remember the exact month. Do you think the bank will look it up and tell me if I contact them?

[RobertEG]

It apears to be reporting as discharged in BK7.  Is that correct?

DOFD is only relevant for exclusion of a charge-off or collection.

I doubt that they even reported a DOFD.

If the BK was in 2010, you may have a few years to go before exclusion.

What, specifcially, was the finding of inaccuracy in the prior Notice of Results of REinvestigation?

[masscredit]

I located the thread from when I first worked on this last year - http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-do-I-fix-this-old-foreclosure-dispute-gon...

From the first post in that thread -

I had a foreclosure in 2009 and it was included in my bankruptcy in 2010. While looking over my credit reports this week I noticed that it wasn't being listed as being included in the foreclosure. Just the 30, 60, 90, 120, 150 and 180+ late payments. Status was paid closed. So I wanted to get rid of all of those late payments from 2008 and early '09 and have it listed correctly. I received a notice that the dispute results were available today (that was quick!). The account still lists all of those late payments, ND from after the foreclosure til last month and an F for Foreclosure for this month. Status says foreclosued and -

Status Details:
This account is scheduled to continue on record until Oct 2020.
This item was updated from our processing of your dispute in Jan 2014.

I had another property that was also foreclosed on around the same time and included in the BK. That is listed as discharged through bankruptcy chapter 7 and status details says that it will report until May of 2016 -

Status:
Discharged through Bankruptcy Chapter 7.

This update makes it looks like it's fresh and it's still not showing as being included in the bankruptcy. I think I just took 3 steps backwards so I'm not feeling good about this. How can I get this corrected? Do I have to redispute it? Maybe goto the bank (they are local) and speak to someone to have it listed correctly?

[takeshi74]

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@masscredit wrote:

I know they are FAKO scores but something happened to make those scores go up.

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It does not matter because they are FAKO's.  You can't assume that because one or more FAKO's went up that FICO's went up as well.

[masscredit]

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@takeshi74 wrote:

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@masscredit wrote:

I know they are FAKO scores but something happened to make those scores go up.

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It does not matter because they are FAKO's.  You can't assume that because one or more FAKO's went up that FICO's went up as well.

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I confirmed that something good is happening to make both of my scores (FAKO and FICO) go up. Pulled my EX score from here today -

12/05 - 653
01/31 - 679

This is the highest that it's been since I started rebuilding. DCU posted this month's EQ04 score yesterday. That went up to 710. Also the highest that I've seen. I'm going to sit down and compare reports this weekend. Credit.com is showing that I now only have 8 accounts reporting late payments. Used to be 10. So I think some old stuff has reached the 7 year point and is falling off.