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wrong Reporting - What to Do


Yawo64
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Hello,

I need some help in checking whether this TL from PNC - Bank is reporitng wrongly

Experian Report fragment in May 2013: http://imageshack.us...2/9466/43h1.jpg
Experian Report fragment in October 2013: http://imageshack.us...arge/4/80gj.jpg

These images refer to a PNC Bank card (formerly National City) TL.  It was charged-off in 2010. After numerous PFDs have failed since then,  I paid off the account in full in March this year (2013).  Now Experian has tagged the account as "Charged-off" in March 2013 - this is incorrect since the account was actually charged-off in 2010 - but I understand that this is normal reporting to have it tagged as Charged-off. 

The second issue is that Experian / Equifax are now reporitng the account as "Settled" or Paid in full for less than full balance - as shown in the second picture.  This is wrong since I paid the charged-off amount in full.

 
Should I dispute this with the CRAs or with PNC bank directly (via direct dispute)?

 
Thanks - Yy

 

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I wasn't sure whether interest was included or not - the bank told me the total charged-off balance was $273, and I paid and they sent a letter to me that account paid in full with a zero balance. Hence, not sure how the paid less than full balance comes in.

 

thx - Yy

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Then it seems like they should be reporting "paid in full" to the CRAs.  You can try calling them or better yet send PNC a letter CMRRR including a copy of their letter and pointing out they are reporting inaccurately.elp a little.

 

This isn't going to make a huge difference in your scores (the CO "event" won't go away) but it will h

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