question about baddie dropping off

[Anonymous]

I am sure this has been answered on here before, but I can't seem to find anything. My husband has an old credit card on his report that says it was reported since October 2001. He disputed something on it in December and now it says the last reported date is December 2007. I thought that it should drop off in October of this year, but now it says it's not scheduled to drop off until December of 2014! What should I do? Is it that every time something is disputed, they will change the report date?  Any advice would be great..thank you

[Anonymous]

Updating the report date is normal-

When was the account late?

What is the status of the TL?

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mrspags wrote:

I am sure this has been answered on here before, but I can't seem to find anything. My husband has an old credit card on his report that says it was reported since October 2001. He disputed something on it in December and now it says the last reported date is December 2007. I thought that it should drop off in October of this year, but now it says it's not scheduled to drop off until December of 2014! What should I do? Is it that every time something is disputed, they will change the report date?  Any advice would be great..thank you

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[Anonymous]

It says "account legally paid in full for less than full balance"

date opened 10/2001

I don't know when it was late or anything, it shows no data. It's a closed account with First Premier Bank.

[Anonymous]

Is there a Date of Last Activity?

How does it show on you Annual report (annualcreditreport.com)

or report directly from the CRA?

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mrspags wrote:

It says "account legally paid in full for less than full balance"

date opened 10/2001

I don't know when it was late or anything, it shows no data. It's a closed account with First Premier Bank.

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[Anonymous]

Status:
 Paid in settlement.
Status Details:
This account is scheduled to continue on record until Sep 2014.
This item was verified and updated on Dec 2007.  
 Date Opened:
 10/2001
Type:
Revolving
Credit Limit:
$250    Date of Status:
 12/2007 Terms:
NA  High Balance:
$338     Reported Since:
 10/2001 Monthly Payment:
$0 Recent Balance:
NA    Last Reported Date:
 12/2007 Responsibility:
Individual  Recent Payment:
NA  
 Your Statement:
 Account closed at consumer`s request.  
 Creditor's Statement:
 Account legally paid in full for less than full balance.  

 Account History:
 30 days as of Jul 2002

This is what it says on the report..in the dispute section. I don't really know what he diputed but nothing changed on the account.

[Anonymous]

OK now we have something-

OK the account was late July 02 - 30 days late-

Normally the account would report until June 2009 *this is when the late would be removed as well)

I am guessing you/he paid the account Aug of 04 and the account is being treated as a positive account by EXP -  

[Anonymous]

It's listed under the negatives on his report though. They just recently changed the date that it was due to drop off. It was due to drop off this year and then they changed it to drop 2014. I just don't understand why. Is it becase he disputed something?

[Anonymous]

Yeah- Sounds like it was because of being disputed.

Hopfully a lesson learned-

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mrspags wrote:

It's listed under the negatives on his report though. They just recently changed the date that it was due to drop off. It was due to drop off this year and then they changed it to drop 2014. I just don't understand why. Is it becase he disputed something?

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Message Edited by Timothy on 01-09-2008 06:18 AM

[Anonymous]

what lesson? i didn't think it was legal to reage accounts based on a dispute? I didn't think it was legal for them to reage anything unless it had been paid up or paid off. what did OP do wrong that entitled them to reage their account?

[Anonymous]

That's what I was confused about. I didn't think that they could reage it because of a dispute. Nothing on the account changed. It was paid in 2004.