Can someone help me with a course of action. Here is the listing from my Equifax report. FUSA NA 44172128XXXX Account Type Revolving Credit Limit 5,769 Minimum Payment Date Opend March,1995 Date of Last Activity May,1996 Description Account transferred or sold Balance 0 Current Status Bad debt/collection Recent Payment History 30 days late: 1 1 unknown date 60 days late: 1 1 unknown date 90+ days late: 4 1/1997 12/1996 11/1996 1 unknown date I want them to remove this account, not update just update it. It is scheduled to fall off in 8/2003. What would be the best way to handle this account. Thank you in advance! tix
If you are in no desperate hurry to get it deleted wait until it falls off. ....that's my thinking..........
I would think the key is the DOLA. In many cases a tradeline will drop off if disputed about 2-3 months prior to the 7 year mark, just because it's close. If the CRA is actually using the May 1996 DOLA then I'm not sure why they have an August 2003 drop off date. Although things CAN get a little dicey about dates when you're dealing with the pre 1997 accounts because the DOLA was not tied to a "date certain" for removal like it is now. That might be the reason for the difference in dates. You might go ahead and dispute it as "obsolete - incorrect DOLA." Of course, the chance you take is there MIGHT be some kind of update that would illegally "reage" the account to make it stay on longer and then you'd have another fight on your hands to get the dates back to where they are now. We had a similar account for a paid student loan chargeoff this spring. We had tried disputing as not mine but they verified. We dug further into the old records and found they were reporting the wrong DOLA (according to the post 1997 rules, but it worked anyway). We waited until 2 months before the tradeline was about to fall off, disputed the DOLA with the CRA and the tradeline went away. Hope maybe this helps a bit. All of this was with EQ, BTW. DemPooches
