Thursday, October 04, 2007

Pulled My Credit Report...

...from Experian and Equifax (I'll pull TransUnion in six months), via AnnualCreditReport.com, which is the only place to get a truly free credit report.

I have a bunch of "authorized user" accounts on there, which I would rather not have to hash out with my parents--aren't those accounts supposed to be dropping off my bureau report, like, now? I'd like it if they could go ahead and hurry up with that--as it stands, it looks like I have credit limits approaching my annual income, which I certainly do not.

I also have a thirty-days-late from October 2001, on a store card I signed up for when I was in high school and didn't know how to use. I'd love it if that would drop off my report--it's just the one charge, a thirty days late note, and then zero balances all the way up through '06, when I last looked at my credit report, realized I still had that account open, and closed it--but it looks like I'm stuck with it until 2013--seven years from the last time the card reported, not seven years from the last charge. Annoying.

But it is supposed to be seven years, right? Then why does a card (another "uh, sure, I guess I'll sign up for the 20% discount" high school store card) that was closed in '02 seem to be scheduled to be on my report until 2012? And is "inactive" the same as "closed"? Because if it's not, I should close that account, right?

Conclusion: no identity theft (phew!), but the usual low-level financial-jargon confusion.

6 comments:

Chitown said...

I am at least glad to hear that there's been no identity theft.

SavingDiva said...

I'm not sure if inactive is the same thing as closed, but you could try to contact the company to see if they would close your account...otherwise, if the account is still open, it will remain on your credit report.

Anonymous said...

The account remains on your credit report--but the 30 days should drop off after seven years. That is, the card will still be on the report, but the report will no longer include the delinquency.

yourdebtinmyhand said...

I recently pulled my credit report and noticed that my credit score
had changed from a 546 to 608 I paid off 2 credit cards and got a new credit card. Is that what helped it. Both?? Please let me know how to continue to bring up the score. I am quite happy. I would like to bring up to 640 how can I do that?? I have consulted some sites like fico , creditmagic but still I am not getting any clue. Please help.

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