I applied for a Chase card and got declined, my only bad tradeline is a account that got sold off 2 years ago during a period of unemployment, I have 5 open cards all with perfect records. Part of their reason was a currently late account.... I guess their considering a 2 year old sold off account as a currently late account, that seems wrong, so I wondering if they will reconsider.
Have you looked very, very carefully at your credit report to determine the Date of Last Activity on each TL? I took a CLOSE look and discovered an account was re-dated (reaged) as more current, loosing me FICO points.
Re: Re: Will Chase Reconsider? The CA it was sold to never validated and never reported it, so they would have no idea what happened with it. It is unpaid, I have no reason to pay it since they refuse to validate it and never reported it.
With a score of 730, I'm surprised they are hassling you over this. There has to be part of the story missing here. Have you looked at the same credit report they looked at to see what they are seeing (ie: not assuming that they are seeing a two-year old account). Since the CA doesn't show on your report and refuses to validate, have you disputed the OC? At least then it will say disputed on the CR, or best will be deleted.
Re: Re: Will Chase Reconsider? Credit Grantor Contact Information Not on record Account Number XXXXXXXXXXX Account Type Revolving Account Credit Limit (High Credit) $0 $1,751 Minimum Monthy Payment (Terms) Date Opened November, 2000 Date of Last Activity September, 2001 Date Paid Out September, 2001 Date Closed June, 2001 Loan Type Charge Account Collateral Description Transferred to another lender Last Report on March, 2004 Balance Current status Past Due Amount $0 120 days past due $0
Re: Re: Will Chase Reconsider? I called Chase and they said they will reconsider, the guy I talked to was kind of suprised, he said it looks like TU reported incorrect information, but hes unsure. I will be notified within 5 buisness days.
Re: Re: Will Chase Reconsider? Well they approved me, so all is good, they reconsidered my application and approved me for $1500. That hits all my goals now, Providian $5000, BoA $2000, AMEX Blue Cash $2000 and Chase Perfect Card $1500.
Re: Re: Will Chase Reconsider? I guess I wasnt paying attention, it said 120 days past due as the current status, even tho it was marked as transfered in the remarks... TU refused to even look at it saying it was already verified, blah hate this crap, time to fire off a letter.
