In reviewing my Credit Reports I've noticed an old ~2001 Cap 1 CC Account that was originally a CO/Included in BK, But according to the My FICO report it shows Account closed 3/08 with a last acivity date of 12/05? Also a CC company known as Nextcard has been adding a KD to my Experian every month since 10/02 to present. How could this occur if this was also included in a BK that was discharged in 2003, and they are defunct and out of business? Any Ideas?
Nextcard is dead, done and gone and the accounts were sold to Merrick bank. You shouldn't have any sort of a Nextcard TL reporting anymore (though it might still show for seven years from when nextcard folded, whenever that was) ... at least, not a TL that's updating. BTW, what's a KD? I haven't seen that abbreviation used on the boards, and I've been around the boards a long time.
KD is a Red Box notation on the Experian Report that means Key Derogatory. It appears on the month of the yaer on the payment history where you'll see 30+ or 120+ etc. I realize they are defunct, Thanks for letting me know it was Merrick Bank that bought all the remaing accounts, they had contact name listed. My little monthly boxes are all Red KD every month for the past couple of years until today, Someone should stop this... Should I send copies of my discharge papers from 2002 and the list of creditors from my original petition and if so would you suggest to send them the CRAs, or Merrick?
Those little red KD boxes only have meaning within privacymatters (or whichever trimerge you are using). Its likely that is NOT how it is actually reporting on your Experian report. I wouldn't until you look at a real report and see how its reporting.
