What Does This Mean?

[John060675]

Dear FICO Gurus:

I GW a letter to Mens Wearhouse for a paid charge-off from May 2001.  Here is the letter I received:

Dear John,

Thank you for your recent letter to Men's Wearhouse Customer Relations Department.  We have asked Card Services to remove the negative credit bureau information early per your request.  Unfortunately, the request was not something we are able to get done at this point in time.  You may write to the Fair Credit Reporting Act (FCRA) with your request.  Any accounts that are this old do get directed to the FCRA.

She lists the address to the FCRA to write.  My question is what does this mean?  Is this just a "no" answer to my GW, or can they really not remove it?

The account went to collections back in 2001, and it is scheduled for removal in May 2008.  I really would like it off earlier.  I would appreciate any feedback or ideas on what to do now.  I am confused at why they cannot remove it.

Thank you

[Anonymous]

how is this showing on CR as    CO by OC  or a CA?

[John060675]

It is shown as follows:  Also, I noticed that they show me being 90 days late on March 2007!  WTH?  This account has been closed since 2001, how can I be late in March?

  Credit Account Gemb/Men'S Status as of April 2007

Date opened [?] Feb, 1999 Date of last activity [?] May, 2001

Largest past balance [?] $745

 Credit Type [?] Revolving Account holder [?]

 Individual Scheduled payment amount [?] $38 Descriptions [?]  No contact information provided by Equifax

Balance [?] Current Status [?] Past Due Amount [?] $0 Bad debt/collection Not on Record

Seven year payment history [?] 30 days late 1 time 60 days late 1 time 90+ days late 3 times (Mar 2007, Apr 2001, Mar 2001) Recent payment history [?]

4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 2005 2006 2007

Legend: Currently paid as agreed Collection

[John060675]

I am not sure if this is what you are asking, but it says:

Comments:

Account closed by credit grantor,
Charge  

[Anonymous]

This is from a monitoring site not CR.........CR will type out drop date.  This is giving DOLA as 2001....DOFD can be the same or different.

It also is showing that it is the OC  reporting.

Your GW letter went to them and IM guessing that they do not have the info anymore..

Dispute this with all CRAs  that have it reporting  as  NOT MINE

It might drop

[John060675]

Ok, I will do that.  Also, should I write the Fair Credit Report Act (FCRA) and copy the letter that Mens Wearhouse sent me?  Will it do any good to show that they want it removed also?

[Anonymous]

You could dispute it with the bureaus bu first ask it they will validate or not.  The FTC which enforces the FCRA will do nothing if the info is valid.  It looks like it will fall off next year anyway so it really isn't impacting your score much.

[John060675]

Thank you for the info.  I will start a dispute to the CRA.  I will go from there.  Thanks again.

[Anonymous]

Brammy  he has letter from them & they do not have info. anymore.

[Anonymous]

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HappyDays wrote:

Brammy  he has letter from them & they do not have info. anymore.

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Then an online dispute should do the trick.  Writing the FTC under the FCRA is for practices that violate the FCRA.  I don't see anything in violation.  If they no longer have the info, they cannot verify, therefore it should be removed.  Lets just hope its not the oldest account still on his'her report or it could backfire with a score decrease.  It is scheduled to be removed under the FCRA next year.