ml73 Posted July 16, 2003 Report Share Posted July 16, 2003 Ok... I got my wife's experian credit report today and there are a few things I want to take care of, and I'd like to do these online if possible..I ordered the sexy book on Friday but want to start fixing this stuff today..1. The only negative thing showing is she was an authorized user on an MBNA credit card (which happened to be mine ). That account had one 30 day late back in June of 2001.The account is closed due to consumer's request since 10/2002 with 0 balance. Since she was only an authorized user should I argue "not my account" or should I only argue "never late"?2. She lost a few of her credit cards and called to have them replaced... The report shows the old numbers and it says "Credit card lost or stolen" these were never late and had no problems but one of the cards is on the report twice with the exact same info.... Now what I want to know is this hurting her score or possibly helping it? And if it should be deleted, do I just notify experian it is a duplicate?3. She also has some cards that she closed the accounts. She notified the creditor to notify the bureaus that these accounts are now closed. The creditor entered comments stating... "Account closed at credit grantor's request" The accounts were all in good standing with 0 balance and no lates... Does their stating closed at credit grantor's request hurt an otherwise perfect account?Thanks for all the help, you guys rock! Link to comment Share on other sites More sharing options...
sisflomi Posted July 16, 2003 Report Share Posted July 16, 2003 Ok...I got my wife's experian credit report today and there are a few things I want to take care of, and I'd like to do these online if possible.. I ordered the sexy book on Friday but want to start fixing this stuff today..It is good and you will love the cd with all the letters in it.1. The only negative thing showing is she was an authorized user on an MBNA credit card (which happened to be mine ). That account had one 30 day late back in June of 2001.The account is closed due to consumer's request since 10/2002 with 0 balance. Since she was only an authorized user should I argue "not my account" or should I only argue "never late"?What you should try is to send a goodwill letter yourself to MBNA. You can do this through planetfeedback.com and you can send to mailing address and maybe even fax and call and ask. You want to give a sincere reason for being late, and be them to forgive the late pay. If you dispute this with the cra you risk it being deleted all together. It is prob more helpful to the score right now than it is hurting the score. Make sure you include both your's and your wifes names when you send the letter so if they agree to delete it they will do so on both.2. She lost a few of her credit cards and called to have them replaced... The report shows the old numbers and it says "Credit card lost or stolen" these were never late and had no problems but one of the cards is on the report twice with the exact same info.... Now what I want to know is this hurting her score or possibly helping it? And if it should be deleted, do I just notify experian it is a duplicate?Is it showing a balance? Does it have a higher balance than what the credit limit was? Do they both say they were stolen? If they were stolen I think they are taken out of the score, have to ask kb for sure on that though. If you need to get it deleted you would just dispute as not mine first and see if that gets it gone.3. She also has some cards that she closed the accounts. She notified the creditor to notify the bureaus that these accounts are now closed. The creditor entered comments stating... "Account closed at credit grantor's request" The accounts were all in good standing with 0 balance and no lates... Does their stating closed at credit grantor's request hurt an otherwise perfect account? The creditor is required to report an account that is closed by a consumer within 90 days. I will have to look up the actual law and paste it later for you. I would call the creditors up and discuss this with them. Could be that they were ticked that she closed the cards and cost them revenue. Simple call might just fix that. I called a creditor that was inc in bk that was reporting they closed it and it had late pays. I called them on this, as it was not correct, I had not been late on it ever, and closed all of my cc's per my lawyers advice before I filed bk. It now shows and I quote, closed by consumer, inc in bk Never Been Late!!!!!!! Never know what a phone call will get you. If the call don't work come back and ask me again what to do next and I will find a letter to help you with this part. Link to comment Share on other sites More sharing options...
ml73 Posted July 16, 2003 Author Report Share Posted July 16, 2003 What you should try is to send a goodwill letter yourself to MBNA. You can do this through planetfeedback.com and you can send to mailing address and maybe even fax and call and ask. You want to give a sincere reason for being late, and be them to forgive the late pay. If you dispute this with the cra you risk it being deleted all together. It is prob more helpful to the score right now than it is hurting the score. Make sure you include both your's and your wifes names when you send the letter so if they agree to delete it they will do so on both.She has 18 accounts in good standing and just this one 30 day late from one small balance card.. I think I could live with the deletion but I heard that on some old closed accounts sometimes the creditor just doesn't care... I mean this was closed last year but the late was just over 2 years ago... can I take my chances first as never late, then try the letter?Is it showing a balance? Does it have a higher balance than what the credit limit was? Do they both say they were stolen? If they were stolen I think they are taken out of the score, have to ask kb for sure on that though. If you need to get it deleted you would just dispute as not mine first and see if that gets it gone.No there is no balance on it at all and he highest balance was like 100 below the limit. Link to comment Share on other sites More sharing options...
sisflomi Posted July 16, 2003 Report Share Posted July 16, 2003 I think you would do okay to get the au account off. Here is a letter to send to MBNA. I would also leave the other account alone and just keep an eye on it to make sure it don't change at all.Your NameYour Address City, State ZipCredit Card Company1 E. Erroneous WayPhoenix, AZ 5016Date: Nov 1, 2002Re: Acct#’s XXXX-XXXX-XXXX-XXXXTo Whom It May Concern: I noticed that you are reporting the referenced account on my credit report, even though I am only an authorized user. This is a violation of the FCRA and I respectfully request that you remove this listing immediately.According to section 603 of the FCRA, only information on credit issued to a consumer is allowed. If you are an authorized user, you do not fall under these categories, you are not responsible for the debt and did not receive credit. An authorized user doesn't have credit on this account and it's only the signor that is responsible. So, in essence, if an account on which you are an authorized user shows up on your report, it would be someone else's credit (the signor on the account). Here's the exact text to which I refer: FCRA Section § 603. Definitions; rules of construction [15 U.S.C. § 1681a] (what credit lines can be reported).(l) Firm offer of credit or insurance.The term "firm offer of credit or insurance" means any offer of credit or insurance to a consumer that will be honored if the consumer is determined, based on information in a consumer report on the consumer, to meet the specific criteria used to select the consumer for the offer, except that the offer may be further conditioned on one or more of the following: The consumer being determined, based on information in the consumer's application for the credit or insurance, to meet specific criteria bearing on credit worthiness or insurability, as applicable, that are established(A) before selection of the consumer for the offer; and ( for the purpose of determining whether to extend credit or insurance pursuant to the offer.(2) Verification (A) that the consumer continues to meet the specific criteria used to select the consumer for the offer, by using information in a consumer report on the consumer, information in the consumer's application for the credit or insurance, or other information bearing on the credit worthiness or insurability of the consumer; or( of the information in the consumer's application for the credit or insurance, to determine that the consumer meets the specific criteria bearing on credit worthiness or insurability. (3) The consumer furnishing any collateral that is a requirement for the extension of the credit or insurance that was(A) established before selection of the consumer for the offer of credit or insurance; and( disclosed to the consumer in the offer of credit or insurance. Your Name Link to comment Share on other sites More sharing options...
ml73 Posted July 16, 2003 Author Report Share Posted July 16, 2003 Thanks siflomi for all your help... Ill let ya know how I make out. Link to comment Share on other sites More sharing options...
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