Question about negative information

[Juan123]

On my kay account i had in 2008, i was 60 days and 90days on the same card.... Eventually the card went into collections and was put on my credit report. I eventually paid it off. I recently subscribed for the EQ complete advantage package, it shows the card as pays as agreed and closed but no negative information on that report. Yesterday i pulled a TU report and it shows the card as one negative indicator and closed but shows no payments late, and shows nothing under collections and shown as paid as agreed....  what i dont understand is why is it reporting as a negative indicator but nothing is negative >_< i tried disputing it and it comes back as validated, and then i tried calling and they basically said they didn't know why either. any suggestions? and do you think it's affecting my score?

[RobertEG]

When credit scores are generated, they are run against your credit file, not a condensed commercial credit report.

All I can think of is that perhaps there is something buried in your credit file that is considered negative by the scoring algorithms that is not surfacing when the commerical credit report picks and chooses what to include in their credit report.   Interesting situation.....

My suggestion.....  Since commericial credit reports are always necessarily only a partial summary of your complete credit file, there can obviously be information that a consumer wants to, and has the right to, know about beyond that accessible in a commercial credit report.  That is the apparent reason why congress included the provisions of section 609(a)(1) in the FCRA.

That section entitles the consumer, upon request to the CRA and payment of a processing fee, to obtain "All information in the consumer's file at the time of the request..."

A pretty powerful tool.  Section 609(a)(2) additionally entitles the consumer to obtain the "sources of the information."

I woud suggest filing a written request with the CRA under FCRA 609(a)(1) and (2), requesting any and all negative or adverse information of record in your credit file and the reporting sources of that information.

See what happens.

Requests under section 609 require inclusion of proof of identity and the statutory processing fee under section 612(f), which is currently $11.00.

Let us know how this shakes out!

[Juan123]

thanks a lot robert, which agency would i send it to? TU reporting the negative flag or equifax reporting information but not showing it as negative?

[RobertEG]

TU.

I would be more interested in seeing the supporting reporting behind a comment than worrying about how someone has special-commented on what is known.