CleanUp81 Posted February 10, 2005 Report Share Posted February 10, 2005 I have an old store account that wa closed almost 3 years ago. I did have a 30 day late on the account that was due to a mail mix up. Only on EX do they report the 30 day late. I have disputed it saying "never late" but it always comes back as verified. So, since I was never late other than once on the account I was thinking of writing a good will letter. Any advice? Should I just be honest and say that is was a mix up on my part and I do apologize but it is showing as negative on my CR and lowering my score? Has this worked for anyone? I remember a lot of you saying you have used the DH excuse but that doesn't work in my case and I don't have a DW yet. Link to comment Share on other sites More sharing options...
edubb007 Posted February 10, 2005 Report Share Posted February 10, 2005 It works just don't wake a sleeping giant if it's only reporting to 1 of 3 CRA's. It's a risk they might update on all 3 late if they report the TL to the other 2. Do they? Link to comment Share on other sites More sharing options...
CleanUp81 Posted February 10, 2005 Author Report Share Posted February 10, 2005 They do report to the other 2, but even when disputing they have never changed the status. Do you think it's a risk? I just figured that it was nicer than a dispute as "not mine". Hmmm now you got me thinking. I never took that into consideration. Before, they all reported the 30 day late but after some disputing the other 2 removed it. EX just stuck strong. Link to comment Share on other sites More sharing options...
edubb007 Posted February 10, 2005 Report Share Posted February 10, 2005 I mean you CAN do it and it might work. It has worked for poeple so you never know. Just weigh the potential.L8R! Link to comment Share on other sites More sharing options...
CleanUp81 Posted February 10, 2005 Author Report Share Posted February 10, 2005 I also forgot to mention, the account used to be called GECAF, but earlier this month is changed to GEMB. So I am thinking someone bought out or the company changed banks. Do you think this might help my chances?The last dispute I did was when it was under GECAF for the bank. I wonder if the new company wouldn't care as much. Hmmm.Thanks for the advice edubb! Link to comment Share on other sites More sharing options...
shafted Posted February 11, 2005 Report Share Posted February 11, 2005 Anything that can lead to a postive outcome, is worth a try. Just dont feel dejected if nothing good comes from it. Hell, it only costs 37 cents. Could very well be the cheapest way to improve a score.. I just sent two out myself.. Link to comment Share on other sites More sharing options...
DocDon Posted February 11, 2005 Report Share Posted February 11, 2005 If this account was closed three years ago, FICO already offered some relief for that late. If there is any amount of history behind this account, and given they have to pay to update, they could simply request to delete the entire account. You're fortunate they responded to the dispute - if the didn't and the tradeline got deleted, your score would have taken a dive from losing all that history.Tread cautiously when trying to clean up old accounts (especially closed ones) with only a small ding. A total deletion is much worse.What can try is to get your GW to their executive offices. Explain that you believe the 30 day is in error, but don't want to run the risk of having the entire account deleted from your files, as it is an important part of your overall credit profile.Personally, I would leave it alone and continue to work on your other credit. If you build your credit to take the place of the 30 day late, and the potential for deletion (ie: can afford to take the deletion hit), then work on getting it moved into positive status. Link to comment Share on other sites More sharing options...
edubb007 Posted February 11, 2005 Report Share Posted February 11, 2005 If this account was closed three years ago, FICO already offered some relief for that late. If there is any amount of history behind this account, and given they have to pay to update, they could simply request to delete the entire account. You're fortunate they responded to the dispute - if the didn't and the tradeline got deleted, your score would have taken a dive from losing all that history.Tread cautiously when trying to clean up old accounts (especially closed ones) with only a small ding. A total deletion is much worse.What can try is to get your GW to their executive offices. Explain that you believe the 30 day is in error, but don't want to run the risk of having the entire account deleted from your files, as it is an important part of your overall credit profile.Personally, I would leave it alone and continue to work on your other credit. If you build your credit to take the place of the 30 day late, and the potential for deletion (ie: can afford to take the deletion hit), then work on getting it moved into positive status.OK... That's what I meant but in a much more understandable way! Dang....He's good! Link to comment Share on other sites More sharing options...
CleanUp81 Posted February 11, 2005 Author Report Share Posted February 11, 2005 (Speechless)The Doc has spoken and I am listening.Thanks Doc and Edubb! Link to comment Share on other sites More sharing options...
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