Search the Community

Hi guys, My mother and I have the same first name and last name. I checked my EQ CR and there is a negative account on the report for Verizon. It says in comments " Collection Account, Account closed by credit grantor" There is no collection agency listed on the EQ CR. Now, I don't remember signing up for Verizon and this could be my mothers'. How do I go about disputing this? Should I send a validation letter to Verizon or to EQ telling them that account is not mine?

I'm trying to help a friend who is helping their brother buy a home. My friend has excellent credit ~780 FICO, but his brother has some serious issues on his credit report. Because of this, they purchased as non-owner occupied since his brother could not be added to the note. The hope is that in 60 to 90 days we can refinance with an owner-occupied loan at a more reasonable interest rate. The target of 60 to 90 days is due to concerns of possible rising interest rates. Their current loan is ~$500 extra per month due to it not being owner occupied. I see a two pronged approach here. First, find a lender that will allow adding the poor credit brother onto the note at a competitive rate given the excellent credit of the primary borrower, and also try to do some quick improvements to the brother's credit report in the next 60 days before his credit is pulled again. Does anyone have any recommendations for a good lender that might fit the bill? This is a super conforming loan amount with 20% down. Regarding the brother's credit, here are the issues I see thus far from a mortgage tri-merge report of which I have only reviewed two pages. Derogatory Tradelines: Bank of America, Credit Card / Charge Account, Comments: Cancelled by credit grantor account was 90 days. 11/2007 R4, 10/2007 R3. Opened 1/2005, Reviewed 4/2008, Date of Last Activity 4/2008, High Credit $19,000, 40 months reviewed, Balance $0, Past Due $0. Bank of America, Auto Loan, Comments: Current was delinquent 60 days past due, paid, closed. 01/2013 I3, 12/2012 T2, 08/2011 I2. Opened 2/2009, Reviewed 3/2014, Date of Last Activity 3/2014, High Credit $30,562, 62 months reviewed, Balance $0, Past Due $0. Chase NA, Credit Card / Charge Account, Comments: Account Close by Consumer, No lates recorded. Opened 08/1995, Reviewed 12/2004, Date of Last Activity 12/2004, High Credit $15,000, 90 months reviewed, Balance $135, Monthly Payment $135 (This one only appears on Equifax and TransUnion). Public Records: Experian: $4,123 Docket: <blank> Court: XXXX California City Rec, Filed: 2/22/2012, Released: 5/6/2012, Settled: 5/6/2012, Comments: Federal Tax Lien Released. Experian: $4,789 Docket: <blank> Court: XXXX California City Rec, Filed: 12/26/2011, Released: 4/11/2012, Settled: 4/11/2012, Comments: Federal Tax Lien Released. Experian: $4,123 Docket: <blank> Court: California County Rec, Filed: 2/22/2012, Released: <blank>, Settled: <blank>, Comments: Federal Tax Lien. TransUnion $4,789 Docket XXXXXXX Court: <blank>, Filed: 12/26/2011, Released: 4/11/2012, Settled: <blank>, Comments: Paid Federal Tax Lien. TransUnion $4,123 Docket YYYYYY Court: <blank>, Filed: 2/22/2012, Released: 5/6/2012, Settled: <blank>, Comments: Paid Federal Tax Lien. Equifax $4,123 Docket 2012ZZZZZ Court: 161VF00343, Filed: 2/11/2012, Released: <blank>, Settled: <blank>, Comments: <blank> Equifax $4,789 Docket 2012ZZZZZ Court: 171VS00291, Filed: 12/11/2011, Released: 4/12/2012, Settled: <blank>, Comments: <blank> Equifax $4,123 Docket 2012ZZZZZ Court: 171VS00291, Filed: 2/11/2012, Released: 5/12/2012, Settled: <blank>, Comments: <blank> The brother has two stamped recordings with the clerk of California County for the IRS liens "Certificate of Release of Federal Tax Lien". $4,123.78 for tax year 2006 assessed 10/2/2010 with a serial number that very nearly matches the docket number on the Equifax public record for $4,123 which is not released and is also close to the TransUnion public record docket of $4,123 that is released. $4,789.00 for tax year 2005 assessed 10/16/2010 with a serial number that does NOT match any public record entry on his credit report for Equifax but is close to the TransUnion entry for $4,789. I'm observing the following on the tradelines: The Bank of America Credit Card is almost 7 years old, looks like DOFD is 10/2007, so we should be able to get this off as obsolete on at least some bureaus. The Bank of America Auto Loan delinquency is very bad since it is so recent, occurring about a year and a half ago. The Chase CC is not a derogatory, but has been left hanging with a balance, yet this is a very old account, so I'm afraid of losing it if we dispute the balance, so imagine it should be left alone. For the public records: At the least, all should show as released liens, so with the letters, that should be easy, however, perhaps it is better to go for deletion somehow.I believe nothing has ever been disputed on any of these credit reports. Please offer advice on the best coarse of action here to get the biggest bang for the buck in the short term here. Let me know if more details are required. Thanks!

Just over 2 weeks ago, I disputed again, the negative reporting from Discover Card, that did not belong to me with the 3 bureaus... I was only an authorized user... Discover had it reporting as a joint account. Thinking they would come back and state it was accurate again, I also filed with the CFPB... I'd never knew they existed until I posted here... Thanks to those folks that responded with CFPB!! Now.... This past Friday, I get an email from TransUnion stating there was an update to my dispute. I checked last night, all 3 credit bureaus, and it seems Discover or the credit bureaus have removed the negative reporting. Felt great, but today, I get an email from CFPB stating they had an update. I check the CFPB site, and there was a comment... The comment was from Discover reporting back to CFPB that they needed more time to research because the issue was complicated, so now I'm worried and have some questions.... 1. Being that it's been 15 days and the only response back to CFPB was they needed more time, is the removal permanent or are they allowed to keep researching this? Normally I wouldn't care, but I'm in the process or refinancing my mortgage and this is a make or break thing. 2. Could the negative report have been removed because of the dispute I placed with the credit bureaus, and not CFPB, or was it because of CFPB since it was removed in less then 30 days? 3. For whatever possible reason, will the credit bureaus allow Discover to put the negative back on the report, or is it now permanently gone .... as in even if Discover wanted, they can't put it back on because it was disputed and they allowed it to be deleted? Thanks!!