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Don't understand this Item EQ report, Please help.

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Super Contributor

Re: Don't understand this Item EQ report, Please help.


@Chestnut1 wrote:

Thanks Much. Just to clear the air. The account was closed in Feb 2013. 

Update : To clear my confusion, I called BoFA yesterday and got the confirmation that this Account's DOFD is Dec 2012 and they further confirmed that BoFA will stop reporting this account to CBs starting Dec 15th, 2019.  Hoping CBs will tkae another 30-60 days for the same  to reflect. Such a relief. 

With the above, all my BoFA's Neg/Deliq accounts will be completely gone from the Credit reports ( one BoFa account was dropped from CBs at the beginning of this Month.

 

That leaves me with One final Chase Auto Loan account as a Negative (this will go off Credit report in April 2022). I'm planning to talk to them to see if they can stop reporiting the same to CBs if i can pay the due $3,587. I'm 100% sure they won't agree to it. But i will give it a shot. if not, i will leave this account as is knowing the fact that this account will have very less bearing on my Credit score over the period becuase all other Neg/Deliqs are gone and my payment history (15+ months ) is running exceptional at the moment and will do go forward . What do you all suggest ?


The DoFD was 7 months later after the account was opened? Which states above account opened Feb '12. Thats not making sense. But if they said so even though it doesnt seem right. Hope it sticks. Good Luck!





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC at 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game. Pay it Forward!
Message 11 of 19
Established Member

Re: Don't understand this Item EQ report, Please help.

Here were the Seq of events :

 

Account opened 02/2012

DoFD : 12/2012

Account Closed : 02/2013

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 12 of 19
Super Contributor

Re: Don't understand this Item EQ report, Please help.

Ok. After looking more at the uploaded pic. The account was opened Feb 2012. Then it went over the limit by $1035. That was probably the downfall by being over limit for too long to their liking and they closed the account. You kept making late payments here and there until you paid it off it seems as listed as date of last activity is 07/18. The top says 0 balance. The way its listed. This account will stay as a neg until 10/2024. That will be the end of the last late string. Once the lates are gone. Then it will be a positive account up to 07/2028. 10 years after last activity of 07/2018. Least it wasnt listed as a charge off.





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC at 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game. Pay it Forward!
Message 13 of 19
Established Member

These CRAs gotta be kidding me

Happy Monday all --

 

I've spent atleast 4 hours talking today between Incompetent BoFa Credit card execs ( calls back and forth ) and CRA execs to nail down the details about my BoFa Closed account (Negative).

 

Saturday 11/30. Called BoFa Credit Card department and they informed me that they stop reporting this Account to 3 CRAs as on 12/2019 and will take another 30-60 days give and take for credit bureaus to start updating. They also gave me an Analyst's number to talk to M-F in case i have further Questions.

 

Saturday 11/30 Called TU to confirm the above. Jesus Christ. (Mod cut-this kind of disparigment is prohibited on myfico) Most incompetent woman i've ever talked to in my entire life. She doesn't respond to my questions timely, goes silent for 10 mins and upon me saying "hello", she would say "yes sir, i'm here". Umm, i asked you a Question, do you have an answer ?. "Yes Sir, it takes 7 years". I know that lady, can you give me the DoFD and C O N F I R M the date as when it would fall off ?.. this went on for 30 mins. Tormenting. I had to cut the call and slap my face thrice for dealing with that woman.

 

Monday 12/2 : Called the BoFA "Analyst" who had No Freaking Clue what i was talking. He ended up repeating the same "7 year" message and asked me to call CRAs.

 

Monday 12/2 : called TU and god, he gave me perfect information. However, now i want to verify that with BoFa once again (was not in a mood to give up easily).

 

Monday 12/2 : Multipel calls to Bofa, Never ending Music in my ears. Had to cut the calls after 30 mins. Call back and forth and finally connected to a person.That Lady literally told me this "I don't know why this account is still being reported, We closed it in Feb 2013. However, it should fall off from the Date of your Last Deliquency ".  Was not really convinced. They also said,  you can call EQuifax and D I S P U T E since this account should have fallen off Long time back. i said NO. i don't want to dispute. i decided to call EQuifax

 

Monday 12/2: Called Equifax. Mother mary jesus Christ. Looked at my report ( especially this BoFA closed account ) and said these words "usually each negative on that account takes 7 years sir. ex: if you had a 30 day delay in 2012, That ONE 30 day late remark will fall off in 2019 and Sir if you had a say 60 day late in 2013, then it will fall off in 2020 and like wise for each of the lates will take thier own sweet 7 years".

 

Pissed off being on calls back and forth for about 4 hours and what surprised me is the information someone from India has about me. It is really concerning. They can literally look at my file and can later go home and use my First name, Last name and do what not. Search me on Facebook, Linkedin, Instagram etc. Jesus. Shocking. Anyway, Sorry about the long ranting folks. Had to take this off my chest.

 

 

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 14 of 19
Frequent Contributor

Re: These CRAs gotta be kidding me

How’s that saying go? Oh yeah: you catch more flies with honey than vinegar.

I don’t say this to stir the pot, but instead to point out that sometimes you get further with niceness. I can read your aggravation and attitude in this post; I’m sure the people on the other end of the phone felt it. Sometimes with things like this, you have to find someone on the other end of the phone that WANTS to help you. Often being polite and professional will encourage someone to want to help.

Good luck as you try to get this fixed up.
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Message 15 of 19
Established Member

Re: These CRAs gotta be kidding me

Sorry if i came off rude. I had to vent it out here becuase i was being Very Very polite with each one of them on the call all through. 

The lady with EQ was repeating herself literally. I said no problem. you please continue. Trust me, I'm never the one who yells at people on the phone. Never. Not even once. 

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 16 of 19
Valued Contributor

Re: These CRAs gotta be kidding me

So... If I'm understanding everything correctly and not missing any important points -- you spent all this time playing phone tag just to confirm the DOFD / drop off date for one account? 

 

Just for future reference,  you can either request your hard-copy (paper) reports from all three bureaus be sent to you by mail, or retrieve them from annualcreditreport.com to find out the removal date for an account.   The dates aren't noted on standard web-based reports, but they are noted on your hard-copies and from web-versions received from the federally mandated annual credit report website. 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 12/2019: EX 767 ✦ EQ 734 ✦ TU 757
Current FICO 9s | 12/2019: EX 774 ✦ EQ 775 ✦ TU 766
Highest FICO-8 Ever | 10/2018: 780 [on dirty report]

2019 Goal Score | 760s


My AAoA: 2.10 years not incl. AU / 3.1 years incl. AU
My AoOA: 6.10 years not incl. AU / 8.10 years incl. AU
Inquiries: EX 0/6 | 3/12 ✦ EQ 0/6 | 5/12 ✦ TU 0/6 | 1/12
Report Status: Clean

Tending my Garden til 6/2020


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 17 of 19
Regular Contributor

Re: These CRAs gotta be kidding me

EQ does the same on my CR.  What they are doing is changing each negative to an OK as the 7 year mark for that particular negative passes.  They actually for some reason do forward about 6 months which is why you are showing OK up until May 2013.  Next month, a new month (June 2013) will show okay and so on.  AFAIK, unlike EX and TU, EQ does not drop all lates starting with the first late in a string.  They drop the late as the 7 year mark hits for each single late regardless if it is a 30, 60, 90, or 120 day late.  FE, my BOA account went late in mid-2011.  I closed the account in 2012 and started making payments to BOA.  The account was never charged off.  The account was not brought current until early 2015 and paid off in mid-2015.  EX and TU have dropped all lates on this account as of 2018 (7 years from first late), but EQ is still reporting.  They drop each off monthly which really sucks as it seems they are punishing you for actually not letting the account CO.  If I had let the account CO, everything would be off all my CRs as of 2018 but EQ does not do it this way.  At this point on my EQ report, I no longer show any 30/60/90 day lates.  They are only reported as 120 day lates.  EQ is a butt to work with and many of the people working there seem to be totally incompetent.  They tend to screw things up worse when you actually talk to them.

Message 18 of 19
Established Member

Re: These CRAs gotta be kidding me


@Cloudburst2000 wrote:

EQ does the same on my CR.  What they are doing is changing each negative to an OK as the 7 year mark for that particular negative passes.  They actually for some reason do forward about 6 months which is why you are showing OK up until May 2013.  Next month, a new month (June 2013) will show okay and so on.  AFAIK, unlike EX and TU, EQ does not drop all lates starting with the first late in a string.  They drop the late as the 7 year mark hits for each single late regardless if it is a 30, 60, 90, or 120 day late.  FE, my BOA account went late in mid-2011.  I closed the account in 2012 and started making payments to BOA.  The account was never charged off.  The account was not brought current until early 2015 and paid off in mid-2015.  EX and TU have dropped all lates on this account as of 2018 (7 years from first late), but EQ is still reporting.  They drop each off monthly which really sucks as it seems they are punishing you for actually not letting the account CO.  If I had let the account CO, everything would be off all my CRs as of 2018 but EQ does not do it this way.  At this point on my EQ report, I no longer show any 30/60/90 day lates.  They are only reported as 120 day lates.  EQ is a butt to work with and many of the people working there seem to be totally incompetent.  They tend to screw things up worse when you actually talk to them.


Thank you. Wow. those were my exact thoughts. Now I feel stupid for not letting it CO which would have this accoutn fall off 7 years from DoFD. Here, i'm in a situation where in i have to literally wait on each of those Lates to fall off. Wish i had this knowledge back then, i would've let it CO and do its time. I would've been out Dec '2019 or latest early 2020. Anyway, Since my account was opened in 2012 and closed in 2013. Do you think this account ( Including lates ) will fall off 2022/23 ?, Considering it will do its 10 Year time already ?. I ask this because i can plan my next financial step (Mortgage) based on that (don't worry, i won't take your word for its face value. I will do further research on my end too. Just seeking advise). I can wait for another 2+ Years or so since my economic situation is secured with the savings i have and my Current Rental Lease is till end of 2021. 

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 19 of 19
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