I have a Installment loan listed on my credit report that I paid off in 2010. However, they are reporting late payments from 11/2009 to 2/2010. I sent the OC a GW letter to remove delinquinces. They wrote back with the standard letter that they had to report accurately. I disputed with the CRA and they verified it.
What I want to know is how could I be 90-120 days late in 2009 and 2010 on an account that was paid off in 2006? I wrote the OC back asking them this question and telling them that their information with regard to delinquenices listed on my credit report is indeed inaccurate. I am waiting to hear back.
However, is there something that I can do - it doesn't seem fair or legal that a company can report delinquencies on an account that is paid in full?
ooopss correction. The account was paid off in 10/2006. The CR shows date of last payment as 10/2006. Date of first delinquency 3/2006. And Date closed 10/2006.
However on the account history there are late payments for:
02/2010 (90 - 119 days)
01/2010 (120-149 days)
12/2009 (90-119 days)
11/2009 (60 - 89 days)
10/2009 (60-89 days)
9/2009 (30-59 days)
8/2009 (30 - 59 days)
i am going through something very similar (with a cc company) and am completely at a loss on what to do. keep me posted and good luck
I will do. I wrote a letter to the OC quoting how they said they "do not remove accurate" information in reply to my GW letter. I told them that reporting late payments in 2010 on an account that was paid in full is inaccurate and they need to remove this information. I copied the President, VP, CFO, etc. on the letter. My next step is to research the FCRA to see if I can find some specific information about this so that when I dispute with the CRA again I can quote that.
Let's keep each other posted. Hopefully someone will read this and let us know what worked for them ;o)
i'm researching FCRA as well bc i think i'm going to have to go through small claims court UGH!!!
Yeah but maybe if you threaten them with suing them for wilful non compliance first will work? That is my next step if I don't get a favorable reply from the OC
Not sure? Maybe it goes with the statute of limitations on the debt? Let's both research and collaborate our efforts. I probably won't do any substantial research until tomorrow, but I will PM you with my findings and you can do the same. Together we are bound to get this solved - don't you agree? BTW what CC company is yours for?
its a fashion bug account, super silly i know, but wfnnb is killing me, lol!! experian and equifax are reporting key derogatory & repossession/foreclosure respectively with no "30", "60" "90" lates etc even though its PIF'd from last year!
I had an account with Lane Bryant that I think is with the same cc company? Anyway, they were really nice. I was extremely late and when I paid I asked them if they would help me out by removing the delinquent information and they did. Did you call or do a GW letter? This was way before I started my fico so I don't have the person I talked to but if you PM more information I may be able to dig something up for you.