I pulled my EQ score and report at myfico and discovered that an account (Gulfstate) that they deleted a couple of weeks ago is back...and the amount has increased by almost $100! Since the date of last activity is 02/1996, should I just leave it an let it fall off naturally next year? Also, does that mean it will fall off in 02/2003 or 08/2003? I thought I read something about seven years, six months. I'm feeling a bit ill now after feeling really good about my progress. Seems I my credit is so bad that 92% of the population has better credit than me. 2/3 TU - 608 (E-loan) 2/3 EX - 585 (Credit Expert) 2/3 EQ - 567 (MyFICO)
Gulf schmucks are a bunch of morons. Have you sent them a validation? If not, send one. Send it certified, return receipt requested. When you get the green card back, dispute it again with the cra. Also, the cra has 5 days to notify you that this was reported again. Send them a letter asking them how this acct. was certified as correct. Once an acct. has been deleted, it cannot just be re-added unless the creditor or ca has certified it as correct. Demand to know what info was given to certify it. Gulf state never validates. What they do is send you a letter that they need a copy of your drivers license, ss card and 5 signatures. Pure b.s. and per the FTC = illegal.
Thanks for the input. So you don't think I should just let it fall off on its own? Maybe I'll leave this one until last. I can't wait to wait to see if EQ notifies me that they put the account back on.
In some cases, the cra's have been known to delete collections/negatives about 6 months prior to the actual purge date. I would definitely dispute it again with the cra. Who knows, they may just delete it rather than mess around with it.
