is there a legal precedence on the terms "open" an

[humdinger]

My ongoing problem is Equifax shows accounts that were IIB as open. the other two CRA's list the same accounts as closed. When I've questioned EQ they say "that's just what we do", when I asked does that mean I can use them? "well no, technically they are closed".

I've written to the OC accounts (7/24/2003) asking if they are open, but to date have received no reply.

Any advice?

thanks

[Randysbarb]

bump

[Swede]

My ongoing problem is Equifax shows accounts that were IIB as open. the other two CRA's list the same accounts as closed. When I've questioned EQ they say "that's just what we do", when I asked does that mean I can use them? "well no, technically they are closed".

Excuse my ignorance but what is IIB?

How exactly is it listed on your EQ report?

[humdinger]

Hi Swede

IIB means included in bankruptcy. On EQ's report (directly from them) they don't have an "open or closed" heading, but if you read a report from say PG it will show it "open", I have called EQ and asked specifically "are these accounts open" reply, "yes they are open" me: " so they are open for me to use?" reply "no technically they are closed". Yet if you look at a TU or Exp report, they show "closed"

It is my belief this is a way to further reduce your scores, or the lenders report will show this.

In a nut shell, on an account that was IIB the debt has been absolved. There is no debt, there is no expectation of payment. But by leaving the accounts open a lender is lead to believe that this is collectable and you have debts hanging over your head.

It also appears to scr*w with your score, because I get messages such you have accounts that are currently delinquent, even tho the accounts show nothing under 30,60, 90 days late.

[kb9tbq]

Thanks, so much - was driving me crazy - someone else included that:

IIB in a question to me, and I just could not find it in the codes to figure out what I was missing.