In September I disputed two charge offs on my credit report, one from 2001 and the other from 2003. Under status, my credit report reads charged off. Under status date, my report used to read 2001 and 2003. Now, after they supposedly "verified" these debts after my dispute, the status date has changed to 10.
I applied for a 2nd mortgage and the company I applied at told me I had a charge off dated 10. They saw no original charge off date, no date of delinquency, nothing but the date of 10, and the mortgage company told me they see these as new debts.
First, Experian should not have allowed the status date to change. I can see how the reporting date would change (and it did because they re-reported after my dispute), but how can the status date change? I will dispute this.
Second, what kind of credit reports are mortgage companies getting that they don't see how old an account is, merely see the last reporting date? This make is looks like a new charge off. Especially in cases wherein the collection is re-reported every so often.in addition, are the credit scores figured from this new date too?
Luckily I was still approved for my 2nd mortgage because they used the credit reports from July that I supplied, which had all the original info.
I am still awaiting reports from Equifax and Trans Union to see if they did same thing.
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