Can I not see for looking?

Lucy · 12-30-2006, 10:28 PM

Is there anywhere here on IC that tells how to decipher cr's?

I'm trying to find out what date of status means.

Thanks

Pale Rider · 12-30-2006, 10:34 PM

Date of Status is the last date that the status was changed. Example: If the status was changed to "collection account" on 1/06, that should be the status date.

There was a good article written by Towerrat back on AOC about CR's. I'll see if I have it saved, or if it is in the archives.

Lucy · 12-30-2006, 10:36 PM

Great, thanks PR

Pale Rider · 12-30-2006, 10:46 PM

Here is a sample report for Experian http://www.experian.com/credit_repor...ditreport1.pdf

It appears by their example that the status date could be the last time that the report was updated by the data furnisher, which would also be correct if the status was correct on that date. I'll try to find some more info, but I would say that that date in most cases would not be a big deal. But, it is a good idea to know what is on the report and how to read it.

Pale Rider · 12-30-2006, 10:55 PM

Well, the post I was thinking of does not explain Date of Status, but you may want to look at it anyway.

http://www.infinitecredit.com/forums...8&d=1151865195

Scroll down to page 4 for the CR explanations.

hannah · 12-30-2006, 11:35 PM

I was told that the Date of Status is the date of the most recent update from the creditor, nothing more, nothing less.

Hedwig · 12-31-2006, 03:42 AM

I agree with hannah. It thought it was the last time the creditor updated the status.

jlynn · 12-31-2006, 09:37 AM

I just looked at my Experian report again. I am still of the opinion that the date of status is an arbitrary date. On some of my tradelines DOS is definitely the last time the creditor reported on the account. On other tradelines its a date that they pulled out of their hat.

If it EX chooses to use the date the furnisher last reported something on a TL, it can and has been known to be a real score killer when disputing a negative account. FICO has no other date to choose from for DOLA, so they use DOS. Thus, it makes old baddies look like new baddies.

Lucy · 12-31-2006, 12:01 PM

Quote:

Originally Posted by jlynn

FICO has no other date to choose from for DOLA, so they use DOS. Thus, it makes old baddies look like new baddies.

That was my thinking too. It looks like this is a chg off from dec 06 when it isn't, it is jan 2002. They are also showing, like I said before, chg off/past due 150 days. Now why would they put something like that? This is out of the sol too.

direred · 12-31-2006, 05:22 PM

Quote:

Originally Posted by Lucy

That was my thinking too. It looks like this is a chg off from dec 06 when it isn't, it is jan 2002. They are also showing, like I said before, chg off/past due 150 days. Now why would they put something like that? This is out of the sol too.

After the brouhaha of a couple of years ago (where the CEO of Fair Isaac and the FTC all got alerted to the issue), Fair Isaac and Experian agreed to use DoS on third-party reports to mean the DOFD for derogatory accounts. Write the general counsels of both Fair Isaac and Experian about this tradeline if you can't get resolution.