I am hoping to share information to anyone intersted in understanding theh data on your report. It was extremely confusing to me - until you starte connecting the dots.
A Tradeline on your report is based on a few elements, and while it looks greak to most of us - I am hoping the people will begin understanding that this record, on your report is expected to be complete, and when it is not - it can adversely impact your scores in some crazy ways.
While FCRA is useful in understanding the dispute process, and what people can believe can be disputed (not mine, it was included in a bankruptcy etc)...I am sharing so that people begin to understand what all of that data means.
Get a copy of your reports from the credit agencies - no Quizzle, Karma or Sesame allowed- ...and take a look at all of the records (Target, Chase, BOA etc) and then look at what the differences are.
Are all of your Accounts that are closed, not only storing a closed date, but also the correct status/activitydesignator to show that no further payments are due? Id there still payment history showing up years later? Here is an example of an account - that is so wrong (DATA WISE) but -- it looks so right from the surface.
Yep - I had a Combnk accoiunt a year ago, yep - thats my limit - and yep, that is the closed date - but why oh why is there payment history is there pay history through today??
Upfront - this is the Credit Grantor, and as such - no guessing, is allowed.
Comenity Bank/
PO Box 1xxxxx
Columbus, OH-432182789
Account Number: 5856XXXXXXXX Status: PAYS AS AGREED Account Owner: Individual Account. High Credit: $131 Type of Account : Revolving Credit Limit: $1500 Term Duration: Terms Frequency: Monthly (due every month) Date Opened: 01/01/2015 Balance: $0 Date Reported: 05/23/2016 Amount Past Due: Date of Last Payment: 04/2015 Actual Payment Amount: Scheduled Payment Amount: $0 Date of Last Activity: 04/2015 Date Major Delinquency First Reported: Months Reviewed: 4 Creditor Classification: Activity Designator: N/A Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: 04/2015 Type of Loan: Charge Account Date of First Delinquency: N/A Comments: Account closed at consumers request 81-Month Payment History Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 NR NR NR NR 2015 NR * * NR NR NR NR NR NR NR NR NR
Thi saccount has been closed for over a year.
1 A closed Date exists, but ----------this account is truly reporting as still open.
2. The activity Designator - Account Status in your other reports, says ---- NA. It should say - PAID/CLOSED.
3. When initially dusputed, the CRA updated the account - and when they did -- it space filled all dates including before it was opened, and then after it was closed.
4. Months reviewed was accurate ---at 4 months so why is there so much more history present/reviewed and not calculated in?
Pay History should ONLY exists for the duration in shich an account, exixts. And no more (considering the maximun a CRA can display).
Here is one that is still Missing Pay History - when it was deleted, it dropped my score 70 points, and in a day.
CAPITAL ONE
PO Box 30253
Salt Lake City, UT-841300253
(800) 477-6000
Account Number: 51XXXXXXX Status: PAYS AS AGREED Account Owner: Individual Account. High Credit: $380 Type of Account : Revolving Credit Limit: $1000 Term Duration: Terms Frequency: Monthly (due every month) Date Opened: 02/01/2007 Balance: $0 Date Reported: 05/14/2016 Amount Past Due: Date of Last Payment: 03/2008 Actual Payment Amount: Scheduled Payment Amount: Date of Last Activity: 03/2008 Date Major Delinquency First Reported: Months Reviewed: 73 Creditor Classification: Activity Designator: N/A Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: 02/2008 Type of Loan: Credit Card Date of First Delinquency: N/A Comments: Account closed at consumers request,
Consumer disputes after resolution 81-Month Payment History No 81-Month Payment Data available for display.
This one is one of my oldest lines, and its deletion may have an impact on my score.
But --- Its not closed- The account status - activity Designator is still NA.
No Payment History exists, and then the balance history is gone now too.
It was updated in 2016 - when it was disputed, and then - it lost all of the supporting history I believe is used to calculate sore (or at least a good deal :-))
Take a look at your tradelines, time - may not be the only thing keeping your scores down.
Its truly in the data sometimes.
