I Have A Question On Cr

[wzelewsky]

Can someone yell me what the dates for accross the CR

Example:

Date opened

11/1997

High Credit

$13,985

Credit Limit

-

Terms Duration

-

Terms Frequancy

-

Mnths Revd

42

Activity Description

-

Creditor Classification

-

Items As of Date Reported

6/2001

Balance Amount

0

Amount Past Due

-

Date of last payment

-

Actual payment Amount

-

Scheduled payment amount

$353

Date Last Activity

3/2000

Date Maj. Del. 1st Rptd

-

Charge off Amount

-

Deferred PAy Start Date

-

Balloon Pay amount

-

Balloon Pay date

-

Date Closed

-

[VonAngel (aka EarthAngel)]

Are you asking what do the dates mean? Or are you asking when would the item fall from your report? From what I can see, I don't see anything negative about it. I guess I don't quite understand your question.

[wzelewsky]

Are you asking what do the dates mean? Or are you asking when would the item fall from your report? From what I can see, I don't see anything negative about it. I guess I don't quite understand your question.

I guess where would it show the date , so I know when it will fall off the CR, and when does a company put chargeoff your CR

[VonAngel (aka EarthAngel)]

It depends on the CRA. For EX, you would need to either refer to the account history (count from the 1st time you were delinquent & never brought the account current) or the line that says when the item will be removed (it's usually there after the item has been updated as a result of a dispute). Your TU report will have a line that gives the estimated removal date. EQ will use either the DOFD or DOLA (if no DOFD is given) as the date that determines when the item will fall.

A creditor may report a CO when the account charges off, anytime after, or not @ all. There's no set date when the creditor will report it.

[jc72]

Hey Angel!

quick question....

How long does the "high Limit" stay on the report?

We were added to Moms Home Depot....she has 1000 limit, but only used it one time and paid it off next month. She has had it for 4 years. It says her high limit is $700...so it shows it was more than 35%.

[VonAngel (aka EarthAngel)]

Hey there, JC! What's happ'n, babe!!

The highest limit will always be reported. If the credit limit is being reported, then it's the current balance that determines the utilization. Yes, upon manual review, an u/w will see that at ONE point she was at 70% utilization. As long as she's at less than 30 now, she has nothing to worry about.

[jc72]

ok..thank you!

[wzelewsky]

It depends on the CRA. For EX, you would need to either refer to the account history (count from the 1st time you were delinquent & never brought the account current) or the line that says when the item will be removed (it's usually there after the item has been updated as a result of a dispute). Your TU report will have a line that gives the estimated removal date. EQ will use either the DOFD or DOLA (if no DOFD is given) as the date that determines when the item will fall.

A creditor may report a CO when the account charges off, anytime after, or not @ all. There's no set date when the creditor will report it.

Ok, so what if I filed BK in Dec 2004 and it was discharged in Feb 2005. On the CR it says charge off / collection and the past due is 0, high blanace is 11953 opened is 12/24/2004 and reported 2/28/2007 remarks state TU: Charged off as bad debt - profit of loss write off, EX: has nothing and EQ has nothhing.

Even my husbands late Child support states included in BK (thats a joke)

When I sent the disputes said that Peoples Energy was included in BK, they put closed by consumer...

Its all messed up!!!!!!!!!!

[VonAngel (aka EarthAngel)]

lol...yeah, that's pretty jacked up. Just simply dispute what is inaccurate (1 one reason per dispute). At the least, anything that was IIB should be reported as such. It's difficult to tell when anything will fall off if it's all reporting inaccurately.