I have two closed loans through Wells Fargo Financial that were paid in full (they were for furniture that I purchased). However, my "high balance" only shows as $7.00 on one and $10.00 on the other (yet there were months and months of current payments). I'm thinking it was a typo -- someone forgot to put the zeros at the end. I called Wells Fargo Financial and the lady told me that I shouldn't worry about it, that it shouldn't affect my credit score. But what I actually charged and paid off was $657 on the first and $1,000 on the second. There is no way it was only $7 or $10 at any time. Should I make them correct this or does it matter? Thanks, Claudia
I'd ask the CRA's to update it, get something from Wells Fargo and send it in to them. The info needs to be accurate. Although you do run the risk of the TL getting deleted, I don't think (IMHO) it's doing you much good like it is... Wells Fargo needs to understand they are responsbile for reporting accurate info and every little bit they get wrong affects you one way or another. Good luck!
I will tell them exactly what you said.. they are reporting it wrong. I do have all my statements to support it. Thank you!
