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What would you do? Merchant vs Experian


SisterGraceLDS
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The last post in this topic was posted 3404 days ago. 

 

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May 13, 2008 was Date of Last Activity

June 6, 2008 was Date of First/Original Delinquency

on 1 account held with a certain bank

 

May 13, 2008 was Date of Last Activity

June 12, 2008 was Date of First/Original Delinquency

on 2nd account held with that bank

 

Merchant is reporting to Experian as such that is causing the date the derogatory accounts will be removed are:

August 2015 for the 1st one and

November 2015 for the 2nd one.

 

I've sent in a written dispute to Experian for each and Experian just sent copy of credit report showing merchant verified the incorrect information. They are not disclosing to Experian the DLA....they are claiming Aug 08 and Nov 08 which is totally untrue.

 

I have documents from the merchant from 2008 showing Date of Last Activity and printouts from 2008 showing 'late' in June as I knew I would have to suffer 7 years of ruined credit when I stopped paying these. (there is never a good excuse but my mother was placed on hospice- I was her caregiver so she wouldn't have to go to a nursing home, I couldn't take care of her and my family so I just threw my hands up and decided to take the ruined credit so I could take care of my momma)

 

How do you get the bank to accurately report? They are refusing.

But first, isn't it 7 years of bad credit? Or can they report longer?

Experian claims it's 7 years from when the merchant first reports a derogatory account- meaning the merchant can NOT report it for a while and wait a year or two THEN report it.... making it stay on your credit file 7 years from the date they finally reported the account....never mind date of last activity or date of original delinquency.

 

What would you do?

Edited by SisterGraceLDS
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This "Merchant"-- is the original creditor?

 

If "Merchant" is a CA, you could DV them.

 

Like shifter said, disputing on the basis of DOFD should wait until next year, since even if corrected it is still within 7 years and the report will stay. You run the risk of providing them evidence the account is valid and making it hard to DV.

Edited by mk_378
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