Credit Report Help
Author: spinnelli
Joined: 06 Nov 2003
Posts: 4
Posted: Fri Nov 14, 2003 12:46 pm
I need to ask a couple of questions.
1) Can you dispute a charged off account that you have already settled with the CA? It shows up as paid in full but it is still on my report as charged off and I believe that is a negative thing.
2) Does the "date reported" column in your report matter? I have 2 accounts that were charged off in 2000 but the CAs are still reporting it, one as recent last month. I have not been in contact with these CAs. Can I still go ahead and dispute these accounts? or does the fact that it was recently reported mean that it can be verified?
3) I have an account that was paid in full just before it was charged off but the credit card company closed it anyway so now it shows up as "closed by the creditor". Is that a bad thing?
4) I have several school loans that I borrowed while in college, I didn't have to pay them back then, now that I've graduated, I've consolidated them all into one and I'm making payments on it. However, it was reported to the credit agencies each time so now I have about 5 different school loans, most of them it is "too new to rate" and the rest it is "pays as agreed", . Do I need to get them to report it as just one loan now that it's consolidated?
5) And lastly I had my car repossed January of last year, and I got it back after 3 weeks. I guess it was reported to the Credit Bureaus, well at least 2 of them anyway. It wasn't reported to Experian. Since then, my account has been in good standing with the car loan company. I want to know how to get this repossession off of my reports, especially if it wasn't reported to one agency. One of them has it on myaccount as "past due" for $697 when the truth is that I make my regularly scheduled payments every month, how do I take care of this? Also, when do accounts drop off your reports? Is it 7 years from when you opened it or 7 years from when it became delinquent? All my bad debts were opened in 1998. Right now I only have my school loan which is being paid regularly and my car payment which is also being paid regularly. And about 3 charged off acounts which again were opened in 1998 and were charged off in 2000.
When these bad debts drop off my account, will my car loan and school loan be good enough to raise my score? or do I need to get more credit? Your help will be appreciated
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Joined: 06 Nov 2003
Posts: 4
Posted: Fri Nov 14, 2003 12:46 pm
I need to ask a couple of questions.
1) Can you dispute a charged off account that you have already settled with the CA? It shows up as paid in full but it is still on my report as charged off and I believe that is a negative thing.
2) Does the "date reported" column in your report matter? I have 2 accounts that were charged off in 2000 but the CAs are still reporting it, one as recent last month. I have not been in contact with these CAs. Can I still go ahead and dispute these accounts? or does the fact that it was recently reported mean that it can be verified?
3) I have an account that was paid in full just before it was charged off but the credit card company closed it anyway so now it shows up as "closed by the creditor". Is that a bad thing?
4) I have several school loans that I borrowed while in college, I didn't have to pay them back then, now that I've graduated, I've consolidated them all into one and I'm making payments on it. However, it was reported to the credit agencies each time so now I have about 5 different school loans, most of them it is "too new to rate" and the rest it is "pays as agreed", . Do I need to get them to report it as just one loan now that it's consolidated?
5) And lastly I had my car repossed January of last year, and I got it back after 3 weeks. I guess it was reported to the Credit Bureaus, well at least 2 of them anyway. It wasn't reported to Experian. Since then, my account has been in good standing with the car loan company. I want to know how to get this repossession off of my reports, especially if it wasn't reported to one agency. One of them has it on myaccount as "past due" for $697 when the truth is that I make my regularly scheduled payments every month, how do I take care of this? Also, when do accounts drop off your reports? Is it 7 years from when you opened it or 7 years from when it became delinquent? All my bad debts were opened in 1998. Right now I only have my school loan which is being paid regularly and my car payment which is also being paid regularly. And about 3 charged off acounts which again were opened in 1998 and were charged off in 2000.
When these bad debts drop off my account, will my car loan and school loan be good enough to raise my score? or do I need to get more credit? Your help will be appreciated
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