Help with innaccuracies on reports?

[Anonymous]

Hey guys, been awhile since I posted. But it seems my rebuilding journey isn't quiet over. So I had 2 negative accounts fall off my TU report the other day. An old First Premier card and an Ally loan that i had to let repo. When I checked all 3 the ally account remains on both EQ and EX. But the question i have is EX says that Ally account is On Record Untill Nov of 2022. EQ says the the day the delinquency was first reported was 1-1-16, so if I'm doing this right then THAT should age off NLT February 2022 correct? So if TU has pulled it and EQ says NLT 02/22 how is Ex holding it on there almost a whole other year? Should I dispute this item again? It was already disputed in 2016 and I honestly cant remember why i disputed it back then. But can anyone shed some light on that for me? Now onto a separate issue. I have a LOT of student loan accounts. there were at least 5 months of collections on all of these while the VA was determining if I qualified for 100% disability. They granted it and all of my outstanding SL accounts were set to a $0 balance. They all remained on my reports along with thier associated collections accounts. I tried calling DOE as well as the CB's themselves and was told to pretty much deal with it. Now a few months after my rating came through, EQ deleted every single SL account. My score jumped tremendously. Then like 4 months later went and added them all back on there. So NOW it's saying for 5 of these that the delinquency was first reported 8-1-21 at least a full year after my account was granted forgiveness. Can any of you credit superheroes please give me some guidance on how to fix these issues, if they are indeed issues? We are still a military family and are moving from hawaii next may and will be trying to buy a house where we are going. My mortgage scores and DTI etc all look pretty decent, but i would really rather not have to answer any questions about these accounts. Thank you so much and have a great day!

[OmarGB9]

So I'm not sure about the student loan issues. I'll ping @calyx for that.

But as far as the Ally account, you said you did the math and calculated it would fall off February 2022. Well, there are a couple of things wrong with your calculations. First, don't go by the "Delinquency First Reported," but rather use the "Date of First Delinquency." They sound almost the same, but they're not. You can have a delinquency one month and then catch up again the following month. That would set the Delinquency First Reported field to whatever that month was that you missed a payment. Now, the Date of First Delinquency (DOFD) is the first missed payment in a *series* of missed payments that subsequently led to a charge off. The first missed payment in that series would be the DOFD and start the credit reporting exclusion clock.

This brings me to my next point, the reporting period for delinquencies is 7 years, not 6 years as you appear to be using. Actually, it's technically 7.5, but the CRAs normally drop negatives at 7 years or even a little sooner.

[virgo]

I'd like to chime in on this one if I may.

I think I understand where he's coming from.

On several of my accounts Equifax has date of last payment date of first delinquency and reporting date.

They're reporting dates and data first delinquency are the same.

The last payment made date is different.

I know for a fact that I didn't pay these accounts any later than I paid anybody else because of an injury.

So it would appear that the date of last payment is actually my data first delinquency.

But the 7 years doesn't start until it's triggered by the date of first delinquency.

I called Equifax and questioned these discrepancies and subsequently the accounts were removed.

Just my experience is all.

[calyx]

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@Anonymous wrote:

Now onto a separate issue. I have a LOT of student loan accounts. there were at least 5 months of collections on all of these while the VA was determining if I qualified for 100% disability. They granted it and all of my outstanding SL accounts were set to a $0 balance. They all remained on my reports along with thier associated collections accounts. I tried calling DOE as well as the CB's themselves and was told to pretty much deal with it. Now a few months after my rating came through, EQ deleted every single SL account. My score jumped tremendously. Then like 4 months later went and added them all back on there. So NOW it's saying for 5 of these that the delinquency was first reported 8-1-21 at least a full year after my account was granted forgiveness. Can any of you credit superheroes please give me some guidance on how to fix these issues, if they are indeed issues? We are still a military family and are moving from hawaii next may and will be trying to buy a house where we are going. My mortgage scores and DTI etc all look pretty decent, but i would really rather not have to answer any questions about these accounts. Thank you so much and have a great day!

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I would take all of your paperwork/proof, make copies and send a dispute/request to EQ (or upload the documentation if you do it online).   Give them 1 chance to fix it.   If they don't fix it, take all of that goodness you already submitted and send it to the CFPB - they seem to be able to get the CRAs to "Fix" incorrect reporting of student loan issues better than anyone else.

EQ has been pretty miserable at futzing up the dates around student loan delinquencies lately.