Ok the more I research the more confused I get with all the varying answers so I'm just gonna ask. I have 2 closed I1 that were sold/transferred and both are reporting. It's never been with a CA. It's the OC was purchased by another institution and both are showing on my report. Do you dispute that? Technically they would be the same And the last thing I wondered about was this....when my CM updates come in it mentions a negative item that sorta threw me and I'm not sure how to proceed. It's really a good acct. It's paid as agreed with no lates (or none that would count against me anyway) but the CM states that due to it not being updated by OC recently it is hurting my score. I don't have the report in front of me to know the exact year they last reported but it has been a few. How do you handle that? I am just trying to get some stuff cleared up. I don't have any accts with CA just some occasional 30day pays. So everything is with OC and it's all installment loans. Any help would be greatly appreciated.
If the 2 installment loans are in good standing and reporting twice, I wouldn't worry about it. I doubt it's hurting your scores. Regarding an OC not reporting, there's nothing you can really do to force them to report to the CRAs. Are you regularly using the account that they're not updating, or has it been inactive for several years?
The ones that are duplicates have one or two lates on them. They are older so they don't really count toward the score part but new creditors do see the history and it appears that I have been late on 4 rather than 2 loans. Normally I wouldn't worry so about that but I am trying to clean stuff up to buy a houseboat and lenders are much more strict with credit on those than other things. As for the ones not being updated....they are closed loans that haven't been updated in several years. I had not heard of that reason affecting your scores since older history is good. If it's a good TL. So I was curious if anyone else had dealt with that before.
Yea, you definitely want to get rid of the duplicate late pays then. Dispute them through the CRAs and await their response. Regarding the old closed loans, it's not like they're actually "hurting" your scores. However, as they do get older, they have less and less of a positive effect on your credit scores. There's not much you can do about that except replace the history with other more recent positive payment history.
