Good Morning All!! I have had what I think is my first success! However, it's not what I expected... so I actually need you to tell me if this is good or not!! I disputed an CO on DH's CR's as "not mine"... though it was. There were incorrect things listed like balance, dates.... . This CO was still listed with the OC, whom I sent a validation letter to before disputing with the CRA's. Well as of today on TU and EFX, the TL is still there, but listed as Pays As Agreed! Balance $0 (I know they have to do that because they wrote it off), and they adjusted the original "high credit/limit" amount.......oh, AND they're listing it as OPEN with a $0 credit limit. It still shows lates up to 90 days, but only until the date of the CO, now it's reporting as OK since then. Is this normal? Is this good? The FICO score jumped 18 points. Has this happened to anyone? Thank you!! NuB
Hi Nub. Evidenced by the score boost it appears the TL has been rendered positive. Is it now listed under the positive section? If this is the case just leave it alone for awhile. If it's "paid as agreed" that's very good. It means you paid on time throughout the history until you drove the balance down to zero, or never used it at all. In either case it looks like you have credit but are not using it. Which means obviously you don't "need" it. And that's a good thing. Lets leave that one sit for awhile and move on the the next more problematic TL. .
Hi Butch! Thank you for responding! I tried to check out where the TL was sitting, but PG doesn't show a positive section, so I pulled EFX and it's not sitting in Negative accounts, but it's not in Accounts In Good Standing either. It's just sitting in Revolving accounts. But you are right... this is now not one of the more problematics... and we'll leave it for now! Thank you!!!
If it still has old lates reporting, it is a negative, but not as negative as a chargeoff. The older lates get the less they affect your score, and I learned that some of mine I lost that were 3 or 4 years old only earned me one or two FICO points.
UPDATE! I just checked my reports. Equifax has deleted the entire TL! They also deleted a bogus TL from Palisades (supposedly collecting for AT&T). My score jumped 9 points. I think this is because of the lates still showing on the Providian, and the deletion of Palisades. Experian has still not updated or deleted, and TU remains the same. Thanks all!
