I have two accounts that were 60 days past due (R3)when I paid them off and closed them back at the end of 2001. Everytime I disputed the accounts, EQ changed the dates reported to the month the dispute was made and continued to keep the R3 notation. I know this isn't right as the status changes from month to month. It can go down from an R4 to an R1 by bringing an account current. So my question is does it effectivly make it look like I'm 60 days past due in the eyes of FICO last month when I disputed the account by keeping the R3 notation?
That R3 listing is going to remain for 7 years, or until you can get rid of the late notation. If you are current, it will still show as R3 and should say something like "current, was 60 days late" and then show the dates it was late.
If thats the case then why do one of those accounts that was is reported has a history of being 90 days late now showing up as an R3? R's and O's indicate the status of the account as of the date reported. When FICO computes your score to a lender, the total amount of 1s 2's 3's etc are tabulated. My beef is I'm reported as currently being 60 days past due or an R3 as of last week. The 60 days past due allegedly occurred back in 2001 and now the account is closed. So therefore the status reported as of last week should be an R1 as the account is paid and current. I want to know if I'm taking a hit over this on my FICO scores? And if by updating the date of status from 2001 to last week in 2003 it makes the 60 days past due look younger in FICO's eyes and do I really take a hit on my scores?
Dixie As far as the whole R status goes...it seems like after lates, you have to work your way back up. I have a 30 and a 60 on a card 2 years ago. Shows the lates on my reports, but it is an R1. On tu, it shows current, but still in the derog info section, which really blows, since it IS current. Sounds like they were closed right after you paid it, so they never had time to work their way back up. Any possibility of re-opening? Also, some companies, like First Premier, will auto verify if the account is closed, but upon manual review, they dump the actual history. Read a post about this, but cant remember what it was called. I know it was with Exp. Has it been a while since these were closed? I had a paid autol loan with massive lates that the bank deleted via dispute. They dumped my info after it was closed. Really helped. Did ya send your letter that you emailed me yet?
What letter did I email to you? Don't remember ever emailing you anything... Anyhoos one was an auto installment loan and the other a settled CC account. Now if they reported the status of being 60 days past due when the account was actually 60 days past due that would be accurate, but dang when the credit bureau is saying the status is 60 days past due nearly 2 years after really bites. I'm going to dispute it with the EQ, if they refuse to fix it i'm going to sue them... AGAIN!
GD...okay, I overdosed on stupid pills this morning. Sorry about the mixup. My total bad and accept my gracious apologies.
