Tuesday, May 25, 2010

How can I change the status of an account from derogatory to open?

I have an account that was "derogatory". I made payment arrangements and started paying it. It shows open-current under Experian, but Transunion keeps saying it's derogatory. What can I do to make Transunion show the account as open?
How can I change the status of an account from derogatory to open?
You always have the opportunity to dispute an item on your credit report. For some reason I find that Transunion seems to be a little slower than the other two on updating account information (this applies to positive and negative information). If you were late in payments your credit report is likely to still show the payments as being late. Good Luck
Reply:There are only two ways to change/delete a credit record.





1) The creditor must do it


2) The creditor fails to respond to a dispute investigation from the credit bureau. In this case the entry is deleted.





So file a dispute the the credit bureau.
Reply:contact either the credit bureau or the creditor and file a dispute. if it's legit then they'll remove it.

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