Credit Report Question. Please help me dispute this item. I have a $0 balance but it shows I was paying late
Posted in Credit on 08/27/2010 11:47 pm by admin
Chuck B asked:
Acct#
Loan Type: Charge Account
Remark: Account closed by Consumer
>Maximum delinquency of 120+ days in 12/2006<
Balance: $0
Date Updated: 04/2007
High Balance: $5,057
Credit Limit: $5,500
Past Due: $0
Pay Status: > 120 Days Past Due<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 12/1997
Date Closed: 04/2007
Date Paid: 12/2005
Roberto
Acct#
Loan Type: Charge Account
Remark: Account closed by Consumer
>Maximum delinquency of 120+ days in 12/2006<
Balance: $0
Date Updated: 04/2007
High Balance: $5,057
Credit Limit: $5,500
Past Due: $0
Pay Status: > 120 Days Past Due<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 12/1997
Date Closed: 04/2007
Date Paid: 12/2005
Roberto
08/31/2010 at 2:54 am
Don
Well, did you pay it late? If so then there’s nothing you can do. If you paid on time then you need to gather evidence of this, such as cancelled checks or bank statements showing when the account was paid as well as the bills showing when due. Then send this proof along with a copy of your credit report and an explanation letter to each of the 3 bureaus to investigate and dispute the item.
09/03/2010 at 8:25 am
Ruben
You could dispute and have them reflect as Paid. Historically, it will still show as 120 days pastdue though. But I will still try to go for the Paid status.
09/05/2010 at 11:52 pm
Clyde
I would dispute it unless you know there were late payments.
It says 120+ days late in 12/2006, but it also says it was paid in 12/2005.
Dispute would be how could it be late a year after it was paid?
09/06/2010 at 4:18 am
Gabriel
What is shows is a zero balance on the account but it startes that in 2006 you had a time that you were over 120 days late in paying. Did you default on this account and then you finally decided to pay it off in full when you got the money to do it? If that is the case then congrads on paying off the loan but you can’t remove the late that is being reported and it will stay on your credit report until 04/2014