One of the tradlines listed in my cr lists a finance company but the past due amount excceds the balance.. In my eq report it shows with this company I have a balance of $2769 but a past due amount of $4551.. how can this be??
I guess these replies really didnt offer help LOL Try disputing the debt with the reporting agency SPECIFICALLY DISPUTING THE AMOUNT and ACCOUNTING of the account
Late fees and interest hiding90 ========================= These are part of what makes up the balance You can't be past do or owe more than the balance.
LOL You will argue just to argue! When an account is listed as a charge off or a collection account, the BALANCE ON THE CREDIT REPORT is the amount AT THE TIME OF THE "action" whether it be a charge off or collection. THE PAST DUE, is the CURRENT BALANCE, as reported by the creditor.
I have example of one like this, that is not a CA. Sallie Mae student loan. When they put me in forebearance, I chose to capitalize the accrued interest. So my CR shows the current balance as higher than the high balance/limit.
