What does this phrase mean? That they will be updating the old tradeline? Anyone's interpretation. THE FOLLOWING ITEM IS SUPPRESSED PENDING CREDIT GRANTOR UPDATE. FST VA MTG Acnt#: Mortgage Account >Closed< Conventional Real Estate Mortgage Updated: 07/1999 Balance: $0 Individual Account Opened: 10/1986 Most Owed: $20258 Payment Terms: 160 Monthly $223 Closed: 02/1998 Past Due: $0 Credit Limit: $0 >Status as of 02/1998: Paid or paying as agreed< >In prior 20 months from date closed,< > 1 time 30 days late<
It means that the item in question is not factored into any scoring for credit as long as it is suppressed.
ok, thanks for the response that makes sense, BUT i never disputed the traderline. So, im assuming that the creditor can investigate on its own without me disputing?
TU did the same thing a while back with a bunch of Sallie Mae student loans. Never heard the outcome.
I had that happen with some student loans as well, and they still say suppressed. In the past, I've had a few collection tradelines suppressed during validation before they were actually deleted.
Sometimes creditors need to update their systems. Maybe they're switching from one computer system to another, and in the interim they just decide to suppress everything rather than risk reporting something incorrectly. This can also happen while one company is buying another.
