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Late Payment when None Exist

jeboles
New Contributor

Re: Late Payment when None Exist

I did find an account that was charged off that did update.  This account was paid off over 2 years ago, so unsure why it would update.  What should I do?  Dispute?  Live with it?

Message 11 of 15
jeboles
New Contributor

Re: Late Payment when None Exist

Screen Shot 2021-07-07 at 7.12.04 AM.png

Message 12 of 15
LaHossBoss
Senior Contributor

Re: Late Payment when None Exist


@jeboles wrote:

Screen Shot 2021-07-07 at 7.12.04 AM.png


See where it shows "last updated 4/2021". There is your 3 months. That is what I was trying to say, since it was a CO and it updated, it brought back to life and current, so to speak. 

 

Maybe from a goodwill request or a dispute or something else initiated the update?

 

Disputing it will only bring it current again with another update and ding your scores. There is nothing really to dispute, they will just verify it is an accurate account.

 

Did you pay it because it is still showing as unpaid. The $0 does not necessarily mean the debt goes away, just that the debt was sold to a CA. It should show "paid, was a vharge of" or something of the sort.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 7•21 | EQ [F8 645] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 643] | EX [F8 714] [F9 675] [EX2 681] [VS3 674]
Goal Score: 670 [X] TU [X] EX

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Message 13 of 15
jeboles
New Contributor

Re: Late Payment when None Exist

I've paid it 2 years ago when it was sold to a collection agency. I was able to get the collection account removed. I guess I will just leave it for now. 

 

Message 14 of 15
LaHossBoss
Senior Contributor

Re: Late Payment when None Exist


@jeboles wrote:

I've paid it 2 years ago when it was sold to a collection agency. I was able to get the collection account removed. I guess I will just leave it for now. 

 


Well, it honestly should reflect "paid, was a charge off", but that will cause an update. Since it is already at $0, I am not sure if it will help your scores or not, since it does not regularly update, because it is paid.

 

Maybe someone else can chime in if it reflects "paid" if there is any scoring benefit vs just leaving it. Of course, creditors will see it as still unpaid since it says as much, just something to consider.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 7•21 | EQ [F8 645] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 643] | EX [F8 714] [F9 675] [EX2 681] [VS3 674]
Goal Score: 670 [X] TU [X] EX

Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 7•21 | EQ [F8 670] [F9 622] [EQ5 706] [VS3 639] | TU [F8 676] [F9 673] [TU4 652] [VS3 620] [VS4 598] | EX [F8 707] [F9 711] [EX2 680] [VS3 656]
Goal Score: 670 [X] TU [X] EX




Message 15 of 15
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