HELP!! How Can I Fix This?

[Anonymous]

I recently PIF a charged off FP account and now EQ has updated it on my CR with the following details below.  How can I fix this?  The reporting of 90 days late is inaccurate. This account has been charged off for at least two years. How can I now be 90 days late as of 2/12?

Status as of Apr, 2012 Date opened Aug 2006 Date of last activity [?] Largest past balance [?] Account Type [?] Account holder [?] Scheduled Payment Amount [?] Industry

Aug, 2006

Aug, 2006

May, 2007

$250

Revolving

Individual

$0

National Credit Card Cos.

Descriptions [?]

• Paid charge off
• Credit Card

No contact information provided by Equifax

Balance [?] Current Status [?]

$0	Bad debt/collection

Seven year payment history [?] 30 days late 60 days late 90+ days late

2 times

2 times

29 times (Feb 2012, Jan 2012, Dec 2011, Nov 2011, Oct 2011, Sep 2011, Aug 2011, Jul 2011, Jun 2011, May 2011, Apr 2011, Mar 2011, Feb 2011, Jan 2011, Dec 2010, Nov 2010, Oct 2010, Sep 2010, Aug 2010, Jul 2010, Jun 2010, May 2010, Apr 2010)

[Booner72]

I read a recent post and this has happened to others.  As long as the lates are accurate, then they are allowed to report them.  If the lates are report inaccurately, then you should directly dispute it.

[Anonymous]

Thanks Booner! I would not consider these lates accurate considering this account was charged off about 2 years ago. Also, TU updated the account correctly. EQ is the only one causing a problem.

[MarineVietVet]

Unfortunately the lates associated with a CO can continue to be reported until the account is paid off or sold.

[Anonymous]

Wow, MarineVietVet, so you are saying the OC can continue to report late payments on a charged off account? They were not reporting like that before, only after I paid the account off.

[RobertEG]

Their reporting was most likely just an update reported on that date that reflected a prior level of delinquency that occured on the account.

Prior delinquencies are stored under their own separate field codes in your credit file, and a credtior will often, when reporting at a later time, provide an entire account history that includes prior dates of delinquency.  It usually does no purport to be a new delinquency as of that date.

With the string of delinquencies reported, it appears that the more important DOFD could be as late as 4/2010, meaning the charge-off will continue in your CR until 10/2017.

That one delinquency is far overshadowed by the continued inclusion of the CO itself. 

You can certainly dispute the accuracy of that one delinquency, but as discussed, it may not even be their assertion of when it occured, and will be almost a moot issue by the time the CO expires.  In my opinion, a lot of effort over a relatively insignifcant item, particularly in view of the other, multiple delinquencies.

[Anonymous]

RobertEG, well my issue is the DOFD was not 4/2010.  I believe the DOFD was before 2010. The 4/2010 should be the date the account was Charged off.