LeslieR Posted April 7, 2008 Report Share Posted April 7, 2008 I am getting the following "interpretation" from Costco of my EQ report. TC is also saying that I was late within the last month on something, but I know I haven't been and couldn't figure out from looking at my EQ report which account they were talking about. Costco gave me this:You were late by the most consecutive payments or became derogatory 1 month ago. (This only includes accounts for which the payment history was reported.) Account/Number: CHASE MAN-S9422**** Lending Institution: STATE STUDENT AID CODate Last Reported: 03/2008 Comment: Was "120 days late". Date Last Reported: 03/2008This account was in default, paid off, and rehabbed in 2003. So I am not sure what is going on? Can someone help me figure out what to dispute about this?? Link to comment Share on other sites More sharing options...
Ahntara Posted April 7, 2008 Report Share Posted April 7, 2008 This defaulted, rehabbed account was recently updated. FICO-based software mistakenly views this as a recent derog and deducts accordingly. Was this 'interpretation' listed near a score? It sounds like one of scoring software's standard 'reasons', which explain little and confuse much.I'm wondering why they bothered to update something with no activity since settlement 5 years ago...Did they update the TL in response to a dispute? Link to comment Share on other sites More sharing options...
LeslieR Posted April 7, 2008 Author Report Share Posted April 7, 2008 No, I haven't disputed anything related to my SLs.Yes, the "interpretation" was given as a reason for my current FAKO via Costco. I'm not concerned about that - but I am concerned if in some summary rundown it appears that I have been late on an account in the last 30 days. Is there anything "correct-able" about this or should I just let it lie? Link to comment Share on other sites More sharing options...
Ahntara Posted April 7, 2008 Report Share Posted April 7, 2008 "...late...in the last 30 days..."It doesn't show that. It says "WAS 120 days late" as in, WAS late prior to (whatever) rehab...You can dispute, won't hurt anymore than it already is and you might get the TL suppressed. Just don't count on it. Link to comment Share on other sites More sharing options...
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