Anonymous Posted November 8, 2002 Report Share Posted November 8, 2002 Here's the situation. In March I ran my credit reports from all three agencies. Equifax was the only one that had four 30+ day late payments from 1996 for a QVC credit card that I barely ever used. I put in a dispute immediately. It came back saying that I only had one - still didn't agree with it, but I spent hours trying to get a hold on Monogram Bank who had the account in 1996. I gave up disputing the one late payment since it was 6 years earlier and would come off of my account soon. Here's the crazy part. All of a sudden, my credit score dropped after the dispute came back with only one late payment. The negative reason listed was that I had a CURRENT late payment (ie within the last 12 months). I called Equifax asking why it's listed as current when it happend in 1996 and the account was closed years earlier. They said that since I put in a dispute, the new "last reported" date was April of this year and the 7 year clock resets. My credit report will now maintain this negative item for another 7 years. Does this make sense. Did I screw myself by disputing something I legitimately feel is wrong? Will it really stay on my credit report for a total of 13 years (6 so far and another 7 to come)??What should I do? The late payment is listed as 3/1996, so the original 7 years will be up in March.Help! Link to comment Share on other sites More sharing options...
admin Posted November 8, 2002 Report Share Posted November 8, 2002 Oh my god! Are they lying????? Like crazy!! Too bad you didn't get it on tape. It's from the date of the last late, period. Nail their butts. [Edit by admin on Friday, 8, 2002 @ 12:42 PM] Link to comment Share on other sites More sharing options...
Anonymous Posted November 8, 2002 Author Report Share Posted November 8, 2002 Ok - new info. I tried calling Equifax again. Actually got someone nice on the phone. We both noticed that the account was listed as Installment instead of Revolving. I looked at my pre-dispute report and it corrected said "revolving-paid as agreed" but somehow it changed to "Installment- 31-60 days late". She said it didn't make sense and that I should put in a dispute.I just put in another dispute to dispute the dispute! What a royal pain!Let's hope I didn't just screw myself again.I'll keep you posted. Link to comment Share on other sites More sharing options...
Swede Posted November 8, 2002 Report Share Posted November 8, 2002 What a bunch of Bullshit. Of course, as so much of the FCRA doesn't apply to EQ, I suppose this sections again means nothing to them....© Trained personnel. Any consumer reporting agency shall provide trained personnel to explain to the consumer any information furnished to him pursuant to section 609 [§ 1681g] of this title.[Edit by Swede on Friday, 8, 2002 @ 02:04 PM] Link to comment Share on other sites More sharing options...
Anonymous Posted November 18, 2002 Author Report Share Posted November 18, 2002 GREAT NEWS! The Equifax investigation just came back and the item was DELETED! I can't believe after arguing with dozens of people, it's finally been resolved.My FICO score went up 63 points! Link to comment Share on other sites More sharing options...
Anonymous Posted November 21, 2002 Author Report Share Posted November 21, 2002 :D :D :D CONGRATS!! Link to comment Share on other sites More sharing options...
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