Questions about my report...

[crazeedazee02]

How do I find out the DOLA on my experian report? They have so many dates listed I don't know what is what! I copied the following from the detail section of an old JCPenny card from '01. First thing I noticed is that the date opened is 3/2003. But, it has been reported since 9/01. What does that mean?

Collection account. $286 past due as of 6-2004.

Date Opened:

03/2003

Type:

Installment

Credit Limit:

$205

Date of Status:

09/2001 Terms:

1 Months High Balance:

NA

Reported Since:

09/2001 Monthly Payment:

$0 Recent Balance:

$286

Last Reported Date:

06/2004

Also, why does it say Past Due as of 6/04 it it's been late since 9/01? I assume it must be because that is the last time they have reported it. Does that affect my score? Does it make it look current?

[crazeedazee02]

bump

[adminppdotcom]

Experian often reports the delinquency status on the far right, at the bottom. This is on the reports they send you however.

You can always just call Pennys and ask them when the last payment you made was, and when was the 1st 30-day late following that. This is you date of original delinquency.

Date of last activity is irrelevent. It is a tactic to confuse the consumer. Date of last activity does not appear anywhere in the statutes

Right off the bat there is something wrong with the listing. Make sure you call Pennys, get the above info, then send a dispute to the consumer reporting agency(ies), and NOT Pennys. A consumer has no cause of action for a dispute sent directly to the furnisher.

[crazeedazee02]

Thanks so much for the helpful response. One more question; Which of the following am I supposed to dispute?

-the date opened is 3/2003. But, it has been reported since 9/01.

(and/or)

-listed as being Past Due as of 6/04 but it has been late since 9/01.

[adminppdotcom]

Thanks so much for the helpful response. One more question; Which of the following am I supposed to dispute?

-the date opened is 3/2003. But, it has been reported since 9/01.

(and/or)

-listed as being Past Due as of 6/04 but it has been late since 9/01.

All the above and anything else you can find wrong

[crazeedazee02]

I wasn't even sure if those were errors. I am new to the whole wide world of credit and am no good at understanding the reports.

So, thank you so so so much. I really appreciate your help!

[DREPDOM]

Experian often reports the delinquency status on the far right, at the bottom. This is on the reports they send you however.

You can always just call Pennys and ask them when the last payment you made was, and when was the 1st 30-day late following that. This is you date of original delinquency.

Date of last activity is irrelevent. It is a tactic to confuse the consumer. Date of last activity does not appear anywhere in the statutes

Right off the bat there is something wrong with the listing. Make sure you call Pennys, get the above info, then send a dispute to the consumer reporting agency(ies), and NOT Pennys. A consumer has no cause of action for a dispute sent directly to the furnisher.

Ok adminppdotcom how can this be disputed so they (CRAs) delete the TL and not to be corrected? I got a similar case.

[crazeedazee02]

that is a good question. I am wondering too.

[adminppdotcom]

Ok adminppdotcom how can this be disputed so they (CRAs) delete the TL and not to be corrected? I got a similar case.

It depends. If a consumer sends a dispute, pointing out the exact errors on the report and making it perfectly clear so a 6th grader can understand it, then the consumer reporting agency has to notify the furnisher and they BOTH have to conduct a REASONABLE investigation.

If the information is erroneous and you have STRONG PROOF, there is no question that they did not conduct a reasonable investigation if it gets verified right?

In that case, you can draft a civil complaint, or a so called Intent To Sue letter spelling out the violations and requesting they delete the accounts alltogether to avoid being sued. They usually repond to threat of suit better than any other sample letters

[adminppdotcom]

As I was posting the above, I came across this post on my site. This is what I was talking about

_________________________________________________

[anonymous]

I had a collections for $104 on my credit report for a dental bill. I sent the dental office a certified letter asking for validation. I got a call from a lady from the dental office who confirmed the bill.

As usual she asked if I wanted to pay it then. I said "no" and paused, she asked "why", I responded "because it will still show up on my credit report negatively even if it's paid". She took the bait and said she could remove the listing if I could pay in full. She was playing right into my hand.

I verified that she had the authority to do this as she stated she did. I paid over the phone with a credit card and waited. The tradeline did not come off.

What she did not know was that I had taped the call, and it met all the elements of a contract ( to me at least, we had the date confirmed the stipulations and the fact that she had the authority to do what she said she could do).

I called back about why it was still be reported and got the run around. I told her I taped the conversation, considered it to be a valid verbal agreement and that I would be suing her as an individual. I filled out a small claims court complaint, made a photocopy of it, then mailed it to her certified saying she had 14 days to fix the problem or I would file the paperwork in court.

Bam!, the tradeline was removed pronto. I guess she did not want to test me.