Hello all, I'm in the process of cleaning up my credit. On my TU I have an auto account that was a agreed upon repossession back in 1991 after the dealth of my son. Well, they sold the car and I ended up owning them 6K. I paid that off on 4/97. Now, on my CR it shows the credit line as updated on 11/97, opened on 12/89 and closed on 4/97. But the status at the bottom says 'Status as of 4/1997: Unrated. In prior 01 months from date closed, never late". The only other defrogs I have are 4 seperate 30-day lates on 4 Citibank Student Loan accounts from 12/97 (Citibank had combined my 4 accounts into a single payment which I ended up missing one when my father died - but they could care less). All the Student Loans list the accounts as "Status as of 03/2000: Paid or paying as agreed. 1 time 30 days late" and all 4 accounts are closed as of 03/2000. My question is, does the "Unrated" mark from the auto have a negitive impact of my FICO score? One of the factors given to me for the score I received was 'The time since your most recent past due is too recent or unknown'. Well, TU doesn't list the actually date I was late with the Student Loans (like the other CR's do) but they are almost 5 years old so I'm thinking this "Unrated" statement is hurting me. TIA, Darin
Unrated is a nuetral entry. In other words, it doesn't hurt your score but it doesn't help it either.
surpisingly I have just had a status:unrated/unknown account removed from my experian credit report. I called and asked the customer service rep to see if they knew what the account was. (turned out to be an old citbank card i had) I didn't want it deleted because it was opened in 1989 with no lates... well, the dorks deleted it anyway... but my score went up by 8 points (on experian's credit expert site)..
