I need to know something, how can one be 120+ days past due on a 0 bal? These are accts. currently past due on myequifax.com. WTF???
"IF" it was a collection and was sold that is the way they report it...(I think that is what they say)
George, 4 accts are Sallie Mae loans acct. transferred to gov't. another was just a collection acct. (NCO)
HOMEN2004, I have also had that happen to me with Equifax. I bet they read like this. Balance $0 Past Due $0 Account status 120+days rate or status 120+days 24 month Payment history? maybe, maybe not. I wouldn't be mad at Equifax right now. Equifax actually did you a favor in this situation. I would take a little bit of time and write a dispute letter to kill these. Equifax actually gave you an extra shot at having these deleted easily. They updated the balance and past due, but did not touch the account status or rate. Don't worry about it, but for sure take care of it soon. 120+ status or rate being reported lately is a score killer. Every time I have ever had it happen the account went away after disputing. Good luck!
J.Vick, thanks for the info. They are currently in dispute (or should I still send a dispute letter) b/c I noticed this little fact when a tri-merge report was pulled for a mortgage. I have contacted SM about updating accts that they no longer have. They were sold to another company then consolidated in '01. Therefore, how can they update accts that are BASICALLY CLOSED w/ them? Thanks for the info!
