get creditor to report current prior to derogatory?

[beeboah]

On my baddies, I was wondering if I could get the creditor to report me as current during the months when I was actually current as opposed to just reporting me as derogatory, if my credit score would go up?

One of my creditors just reports the derogatory information, but refuses to show the months where I was on time.

If adding the "on time" months would not help, then there is no point in wasting my time.

Thanks

[beeboah]

bump

[ba0501]

I'm kinda confused as to what your asking. If the creditor lists your months that you were current, I don't think that the deogatory info will go away. It will still be there. I think what you're saying is that by showing your time that you were current, that it will give you some positive history. Is that what your asking? Anyhow, I think it would still be listed as a derogatory TL with the same value.

[beeboah]

alright, you got me a bit confused to...

I am not looking for the derogatory information to go away.

You said "I think what you're saying is that by showing your time that you were current, that it will give you some positive history. Is that what your asking?"

The answer to that would be yes.

I don't know what you mean about it still listed as a derogatory tradeline with the same value.

Do you mean that my score would not go up if I got them to add current for all of the months I was current?

Thanks

[ba0501]

Sorry for confusing you, sometimes I confuse myself . I've read on here that even if a TL is derogatory, if it has a long history, it can help your score and if it is removed it can hurt your score. So if you add the positive history, it could boost your scores slightly. Maybe some of these experts here can help.

[beeboah]

Thanks, very clear.

The tradeline is only 2 yrs old so no big bother.

However, I was wondering if the CRA would request that I prove that I was current at any point in time.

The answer is probably yes. I guess I have to contact the creditor directly, and the debt is still inside of SOL

Could you guys jump in and help?

Thanks

[Ahntara]

Well, I'm totally confused.

Unless you are referring to a defaulted account, how can a DF report only the months when you have derog data?

Most accounts show: Date opened, (all) history of payment, highest credit used or credit limit, current balance, rating, yadda yadda yadda. So (unless I'm misunderstanding here) all of your history IS reporting. The months that you were past due are probably just standing out. They will do that in most CR formats as long as any late payment shows.

Perhaps if you typed out the format for us...

[beeboah]

ok, I cant really type it out.

What I can say is that in the graphical sense, if I look at my true credit report the OC reports derogatory information on all 3 credit reports for "x" months. On 2 of the 3 reports the OC reports the months that I was "current". On 1 report, however, the OC does not report the months that I was current.

I don't know how they do it, but that is what they are reporting. The account is effectively "defaulted" in that I have not paid on it in 2 years.

It still doesn't make sense as to why they would report positive information for the months that I was current on 2 out of 3 credit reports while reporting derogatory information on all 3.

I really would like to know if getting the OC to report me as being current during the appropriate months could raise my score.

[divemedic]

I went through this with Verizon. This is a form of reaging, as the FICO program looks at it as a new delinquency. Let me explain.

You have an account that goes delinquent in Jan of 03 and is never brought current. It gets reported as a charge off starting in June of 03. You pull your CR in November of 05, and in the account history of the TL it shows as CO June of '03, OK in July through Aug of '03, CO in Sept of '03, OK Oct '03 through March of '04. CO in Apr of '04 and OK from May through July. CO in Aug. Etc, etc.

What FICO does is treat every one of those charge off notes as a new charge off, since they are separated by a period reported as "OK". This has the effect of tanking your score and is certainly not "complete and accurate" as required by the FCRA.

[beeboah]

This is good information, I am going to look at my credit report and see if I see any of that.

My question is still a little bit different. Perhaps I didn't explain it right.

Basically to make it simple this is the case....

I went delinquent in Jan 2004. It has been reported as late each and every month until it went to a chargeoff.

What I am really wondering is if I got the OC to report "current" for a period of months, would this help my score?

Thanks for the above info though.

[Ahntara]

I think I'm getting the picture now. Thx for the clarification.

The answer to your question is no. Once an account goes into default, it is defaulted. That is it's status. It doesn't matter that you paid it on time prior to the default. (well, that's not entirely true, it does matter, it just won't change your score at this time, which I think was the point of your question)

The two things that generate deductions to the score on defaulted accounts are the "date last reported" PLUS any field that indicates the derogatory status (could be the "past due" column, rating, notations such as "charged off", etc.) This is what divemedic was alluding to.

Your object is to have this derogatory entry changed to reflect a paid as agreed entry, or to have it deleted completely. Those options will make a significant difference in your score. Barring that, the next best thing is for the default status to "age", ie not get updated for at least 13 months. Once the reporting or charge off status is out of the critical last 12 month period, the deduction to your score will not be as severe. Recent history factors as (up to) 35% of the score.

[beeboah]

Ah very good, thank you!