Can I request to remove this?

[maverick9]

I had an old Chase credit card with date of first default 11/2016. It shows it was charged off 4/2019 so I have 9 months before it falls off. 

 

I'm currently with Chase with perfect payment history since I opened the card 10/2022 and use it everyday. 

 

Can I request to have them remove this from my reports being that I have a current card with them? I had done a settlement with them. If I can request to remove this, how do I do this (call them, write them)?

 

This is the last thing on my credit reports that is derogatory for the last 7 years. 

Edited February 12, 2023 by maverick9

[shifter]

They will not remove your old account simply because you have a new one. You'll have to find a way to dispute the account with the CRAs if you want it removed. 

[j7n1o7]

Here's my experience with getting derogs removed earlier than the reported removal date.

TU will remove 6 months early.
EX will remove 2 -3 months early.
EQ rarely removes early.

Create an online dispute within the time frames above. Your reason for the dispute is,
"This account is too old to be reporting."

I just did a dispute for my brother. Two minutes after disputing with TU, they closed the dispute and removed the derog.

Good luck!

Sent from my SM-G991U using Tapatalk

[maverick9]

4 hours ago, j7n1o7 said:

Here's my experience with getting derogs removed earlier than the reported removal date.

TU will remove 6 months early.
EX will remove 2 -3 months early.
EQ rarely removes early.

Create an online dispute within the time frames above. Your reason for the dispute is,
"This account is too old to be reporting."

I just did a dispute for my brother. Two minutes after disputing with TU, they closed the dispute and removed the derog.

Good luck!

Sent from my SM-G991U using Tapatalk
 

Thanks a bunch!

 

[hdporter]

On 2/12/2023 at 2:29 PM, maverick9 said:

I had an old Chase credit card with date of first default 11/2016. It shows it was charged off 4/2019 so I have 9 months before it falls off

 

I regret to suggest that it's unusual for an account to remain in delinquent status for 30 months prior to charge off.  (It's possible, but unusual).

 

The 7 year clock for tradeline removal from your credit report starts the the first month the account was delinquent from which it was never brought current subsequently (i.e., not subsequent month shows a "current" status).

 

Maybe for this account, that "first" month is 11/2016.  But I suggest you review the history again.

[maverick9]

15 hours ago, hdporter said:

 

I regret to suggest that it's unusual for an account to remain in delinquent status for 30 months prior to charge off.  (It's possible, but unusual).

 

The 7 year clock for tradeline removal from your credit report starts the the first month the account was delinquent from which it was never brought current subsequently (i.e., not subsequent month shows a "current" status).

 

Maybe for this account, that "first" month is 11/2016.  But I suggest you review the history again.

My mistake. This is not a Chase card but an Amex card. I have a current Amex with a very high limit and perfect payment history since I opened it 7/21. 

 

I also noticed this was a joint account. 

 

DOFD was 6/16, then I resumed payment for 4 months, then 11/16 was 30 day delinquency and I never made another payment since then. It is showing CO 4/19. I am not sure but I think that is when I settled with them. 

 

This is what is showing my EX report. I don't have access to my TU and EQ reports at the moment. 

 

So does this mean the first month of delinquency was 11/16 and should fall off 11/23?

 

 

 

Edited February 14, 2023 by maverick9

[hdporter]

11 minutes ago, maverick9 said:

 

DOFD was 6/16, then I resumed payment for 4 months, then 11/16 was 30 day delinquency and I never made another payment since then. It is showing CO 4/19. I am not sure but I think that is when I settled with them. 

 

This is what is showing my EX report. I don't have access to my TU and EQ reports at the moment. 

 

So does this mean the first month of delinquency was 11/16 and should fall off 11/23?

 

From what you detail, 11/16 would be the critical date and, yes, the account would likely be removed 11/23.

 

FWIW, standard credit practice would require a charge off (CO) of an account 6 months after payments were discontinued (5/17, in this case).  If the account doesn't show a first charge off until 4/19, it suggests that there may have been a payment in the interim to bring the account current sometime around 10/18.

 

However, it's possible that an earlier charge off notation was simply not noted on the report tradeline.  In any case, if no month after 10/16 shows a "current" status, then 11/23 should be when the account is removed from your credit report.

 

 

[shifter]

1 hour ago, maverick9 said:

So does this mean the first month of delinquency was 11/16 and should fall off 11/23?

It appears so. However I'm still confused how you conflated Amex and Chase. 

[maverick9]

I simply made a mistake. 

[ptkdude]

Thanks for this post!  I just disputed 6 items on my TU report that were due to fall off this year... all 6 were deleted before I even flipped over to my email program!  Curious to see what (if any) impact this will have on my TU scores when I pull them next.

[shifter]

1 hour ago, ptkdude said:

Thanks for this post!  I just disputed 6 items on my TU report that were due to fall off this year... all 6 were deleted before I even flipped over to my email program!  Curious to see what (if any) impact this will have on my TU scores when I pull them next.

Congrats! They have an auto delete function that kicks in at exactly 6 months. It's super useful and awesome! 

 

Sadly though you'll only see a significant benefit to your scores when you remove the last derog. I saw basically no change removing 6 IIB accounts last year, but saw a 75 pt boost last month when I got the lone remaining IIB account removed. My wife still has one IIB account and she hasn't seen any change removing the others. 

[maverick9]

10 hours ago, hdporter said:

if no month after 10/16 shows a "current" status

Just confirmed. There is a "30" showing up for 11/16, then 60 for 12/16, then 90, then 120, 120, 120, then "-" for every month thereafter. At 4/19, there is a "CO". Then "Status updated = Apr 2019". There was no payments made after 11/16. 

 

I have to think this will fall off 11/23. 

 

So in 5/23, which is 6 months prior, do I request to have this removed from within the CBA's? Is that where this is done or do I need to mail it in? 

[A Credit Ed]

7 hours ago, maverick9 said:

So in 5/23, which is 6 months prior, do I request to have this removed from within the CBA's?

I know how you feel, you can see that light at the end of the tunnel and you want to be there - now!

When I was in this exact spot a year or two ago, I did online disputes with all three at about the 8 month mark.  TU was removed instantly, EX or EQ (forget which) was gone the next day, then at 6 months I redid the dispute online and with the last CRA and a day later I had no baddies at all on any of the big 3 credit reports.

 

I think - someone please chime in if I'm wrong here - you can make the "this account is too old to be reporting" claim once a month or so without hitting the "we won't accept this dispute again, you already tried it" response. 

 

Good luck!

[maverick9]

3 hours ago, A Credit Ed said:

I know how you feel, you can see that light at the end of the tunnel and you want to be there - now!

When I was in this exact spot a year or two ago, I did online disputes with all three at about the 8 month mark.  TU was removed instantly, EX or EQ (forget which) was gone the next day, then at 6 months I redid the dispute online and with the last CRA and a day later I had no baddies at all on any of the big 3 credit reports.

 

I think - someone please chime in if I'm wrong here - you can make the "this account is too old to be reporting" claim once a month or so without hitting the "we won't accept this dispute again, you already tried it" response. 

 

Good luck!

Thank you so much! I will try to dispute it online as you did. 

[shifter]

11 hours ago, maverick9 said:

Just confirmed. There is a "30" showing up for 11/16, then 60 for 12/16, then 90, then 120, 120, 120, then "-" for every month thereafter. At 4/19, there is a "CO". Then "Status updated = Apr 2019". There was no payments made after 11/16. 

Your paper TU report will show the estimated date of removal. That is the only date that matters. Exactly 6 months before that date, on the 1st day you can dispute online as too old to report and they will delete instantly. If you dispute even one day early, they will send it to the creditor as a normal dispute. 

 

For EX and EQ, it's less cut and dried, but 2 months early is the place to start. 

[maverick9]

43 minutes ago, shifter said:

Your paper TU report will show the estimated date of removal. That is the only date that matters. Exactly 6 months before that date, on the 1st day you can dispute online as too old to report and they will delete instantly. If you dispute even one day early, they will send it to the creditor as a normal dispute. 

 

For EX and EQ, it's less cut and dried, but 2 months early is the place to start. 

Thanks @shifter! I haven't done paper reports in years. How do I get them again? 

[hegemony]

Just now, maverick9 said:

Thanks @shifter! I haven't done paper reports in years. How do I get them again? 

Order paper reports from the big four

https://creditboards.com/forums/index.php?/topic/590506-ordering-paper-credit-reports-information-inside/&tab=comments#comment-5623246

 

IDS: https://www.innovis.com/personal/creditReport

[maverick9]

Just now, hegemony said:

Order paper reports from the big four

 

https://creditboards.com/forums/index.php?/topic/590506-ordering-paper-credit-reports-information-inside/&tab=comments#comment-5623246

 

 

 

IDS: https://www.innovis.com/personal/creditReport

 

Thanks @hegemony!!

[centex]

On 2/12/2023 at 1:29 PM, maverick9 said:

I had an old Chase credit card with date of first default 11/2016. It shows it was charged off 4/2019 so I have 9 months before it falls off. 

 

I'm currently with Chase with perfect payment history since I opened the card 10/2022 and use it everyday. 

 

Can I request to have them remove this from my reports being that I have a current card with them? I had done a settlement with them. If I can request to remove this, how do I do this (call them, write them)?

 

This is the last thing on my credit reports that is derogatory for the last 7 years. 

what sort of report are you looking at?  If it isn't paper, then get a paper report.  Everything else is utterly useless for assessments on things like this.

 

It is not uncommon for routine updates to reflect a current status, which in this case would still be charge off.  It does not impact the drop-off date, which you indicate was November of 2016.

 

Calling them could result in a review of the current account and COULD result in adverse actions based upon 'prior delinquency by customer with this bank' or something similar.  

 

When was the settlement you reference?  If it was in 2019, that easily explains the update to the reports...

[maverick9]

On 2/15/2023 at 2:23 PM, centex said:

what sort of report are you looking at?  If it isn't paper, then get a paper report.  Everything else is utterly useless for assessments on things like this.

 

It is not uncommon for routine updates to reflect a current status, which in this case would still be charge off.  It does not impact the drop-off date, which you indicate was November of 2016.

 

Calling them could result in a review of the current account and COULD result in adverse actions based upon 'prior delinquency by customer with this bank' or something similar.  

 

When was the settlement you reference?  If it was in 2019, that easily explains the update to the reports...

Thanks for your response.

 

So @centex and everyone, I just received all 3 paper reports and here is what I discovered:

 

This AMEX/CBNA is the only negative account left (thank God!). 

 

EX report, as @centex just mentioned, it says "Status (Apr 2019) Paid in settlement $xxx written off. This account is scheduled to continue on the record until Aug 2023. Account paid in full for less than full balance. This item was updated from our processing of your dispute  in Apr 2019." 

 

TU report, "Account paid in Full; was a Charge-off. Stelled-Less than full BLNC; Pain In Full/Was a Charge Off. Estimated month and year that this item will be removed: 10/23."

 

EQ report, "Charge off - Account Paid for laess than full balance; Paid Charge Off. Date of Last Report 4/19. Date of 1st Delinquency 11/16."

 

So I presume I wait or do I do as @A Credit Ed done? 

 

Also, I have some wrong personal info like names and such that are outdated. Do I write them to remove them or call them?

[shifter]

On 2/15/2023 at 7:48 AM, A Credit Ed said:

When I was in this exact spot a year or two ago, I did online disputes with all three at about the 8 month mark.  TU was removed instantly, EX or EQ (forget which) was gone the next day, then at 6 months I redid the dispute online and with the last CRA and a day later I had no baddies at all on any of the big 3 credit reports.

I would be surprised if you actually got accounts removed from EX or EQ at the 8 month mark. EX especially is notoriously sticky and you're really not going to get much traction outside of 2 months. Also, TU will not auto delete until the 6 month mark.

 

I'm guessing some of your assumed dates didn't match what they had on file. I've had accounts fall off early or get early obsolete deletes when their records say an earlier DOFD date for some reason. 

[FoxSamual]

On 2/15/2023 at 8:15 AM, shifter said:

Your paper TU report will show the estimated date of removal. That is the only date that matters. Exactly 6 months before that date, on the 1st day you can dispute online as too old to report and they will delete instantly. If you dispute even one day early, they will send it to the creditor as a normal dispute. 

 

Does this work with PRs too or only bad TLs?

[shifter]

40 minutes ago, FoxSamual said:

 

Does this work with PRs too or only bad TLs?

Everything. 

[maverick9]

25 minutes ago, shifter said:

Everything. 

So @shifter, what should I do? Ask for deletion now or just wait?

[Sidewinder]

On 2/14/2023 at 12:37 PM, shifter said:

It appears so. However I'm still confused how you conflated Amex and Chase. 

 

My Sapphire Preferred and Cash Magnet cards are very, very similar in color.