Status Reporting on Reports

[Anonymous]

This may be the wrong forum, but I'm going to try.  Perhaps Tuscani will chime in if he can help answer this question.  Here goes:

I have 5 tradelines with the status reporting as follows:  Past due/Derrogatory Account.  The problem is, all of the accounts were paid [in full, not settled and paid a long time ago, almost 4 years ago] and have a zero balance.  The accounts are closed and have been closed.  The tradelines show a zero balance [no charge off or anything funny like that], but the but the status lines indicates that the account is past due and derog...Odd, huh?  It's like this on all three reports.  I know that it is killing my score because Fico thinks that I am past due on zero balance accounts. I have never seen such a mess.  Any thoughts????  I have obviously disputed this information with CRA's, just waiting to hear back...

[Tuscani]

Assuming they do not show up as derog, FICO should not be counting them against you. However, this could still hurt in a manual review. If the CRAs do not correct, I would contact the parties reporting and ask them to update.

Message Edited by Tuscani on 06-12-2007 01:23 PM

[Anonymous]

That's the point, Tuscani.  They do show derrog.  I have contacted the OC to have them update reporting and they did.  I have no idea who assigns the derog status.  It's ridiculous.  Derrogatory status on a paid/closed account.  These accounts were never late and paid as agreed.  It is beyond me why they assign a derrog status to a current/closed/paid account and that is where the problem lies.  I have no idea who is supposed to correct this.  I just sent CMRRR to all three CB's to see if they will fix the problem.  Any other suggestions?  TIA

[Tuscani]

Assuming the disputes do not work, send the CRAs Noah's MOV letter.

[Anonymous]

Ok, thanks.  I'll do that.  But could you please tell me where to find Noah's MOV letter.  I hope it works, though.    TIA

[Tuscani]

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=6237