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     | Tuesday, January 30, 2001 - 07:35 pm  I'm really unhappy with that credit report. They are reporting two dates, the "Date of status" and "Last reported." I couldn't figure out the difference, and especially couldn't figure out why sometimes the date of status is a year or two older than the last reported date. So I went to the Experian site and looked up the definitions: "Date of Status: On the credit report, date the creditor last reported information about this account. Last Reported: On the credit report, the date the creditor last reported information about the account" 1) Except for the 2nd "the" in the last reported date, and "the" instead of "this" account, the definitions are identical. 2) WHY are there 2 dates on the reports? 3) WHY do those dates vary, in spite of 1). 4) How does an "old" date of status impact on credit scores? Experian is doing everything possible to confuse people. Really irritating.
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| | Tuesday, January 30, 2001 - 08:17 pm Good question. Obviously one of those definitions is wrong. My guess is 'Date of Status' should mean the last date this account had any kind of activity (payments, charges, etc.). If that is true then I wouldn't be suprised if the status date does affects credit scoring. Just a guess though... On the other hand, my experian report that I received from TrueCredit.com didn't even show the 'Date of Status'. That leads me to believe that maybe it doesn't affect scoring or maybe it does affect scoring and the truecredit.com report just sucks. Now I'm really confused.
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| | Friday, February 02, 2001 - 07:09 am I think Christine is right - they're just trying to confuse everybody ...  Certainly, one is the original delinquency date and the other is the date on which it was last updated (whether by creditor, by dispute and verification, or otherwise updated).
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| | Friday, February 02, 2001 - 08:29 am John, it's not related to delinquency. The 2 dates are listed in the same column and refer to each account. It is also an issue because IF that "Date of Status" field is used for FICO credit scoring it's a problem because it's OLD. Of course we don't know and probably have no way of finding out other than nagging Fair Isaac and Experian. I'm NOT up for that right now.
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| | Friday, February 02, 2001 - 08:44 am Do you ever get responses from Experian or Fair Isaac? What is the trick? They never answer my questions I submit on their website. Equifax is the only CRA that has ever given me an answer to anything and that answer was really just a standard response that didn't give me a specific answer to my question.
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| | Friday, February 02, 2001 - 12:13 pm The short answer is no. I used to get a response from Fair Isaac (posted in Links) but I had someone's direct # and E-mail. Lately I haven't gotten a response there either. I promised not to publish that contact info, but I know Shylock has it too. I think there were a couple of times when I filled out the CRA's stupid forms, what a waste of time that was. If it was MY report, I'd send exactly ONE fax and then go straight to Court if I don't get a satisfactory response.
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| | Saturday, February 03, 2001 - 09:01 pm OK, I've only heard of one name from Fair, Isaac mentioned on any board so if it starts with "B" the cat's out of the bag! Sorry, feel free to delete these posts and the post where his name was mentioned if I'm right. I don't want to get anyone who's been helpful into trouble...
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| | Saturday, February 03, 2001 - 10:52 pm No problem, it's not like that's classified data Years ago I asked Barry for Fair Isaac contact info to post here and, understandably, he didn't want his direct phone # or e-mail posted. At that time Fair Isaac still had a form or e-mail at their web site, so I posted that. I don't think anybody ever got a useful response through their web site, and eventually any consumer contacts disappeared. Barry was very helpful explaining to me how the inquiry buffers work, it must be time for an update.
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| | Friday, February 09, 2001 - 09:25 am The date of status is a trick to extend the time period of negative reporting. If an account has a status of "current" at any date other than a major account event such as the open or close date of the account, then the account must have had a status that was not "current" prior to that. Accounts that have a status of current exactly 7 years after the close date are assumed to be charged off in some models. If you have a twelve year old credit card with a status of current and a status date 2 years after the open date, you're looking at a report with a ten year old deliquency. The last reported date is the last time that creditor sent in information about that account. Even if there are no changes to accounts, most creditors report their entire file every month. Some will resend all their closed accounts every three or six months. This is why items show up again after you've successfully disputed them. To make an item really go away, you need to make sure the creditor has removed the negative item from their system and it has been removed by the CRA's Thanks much, Chr's
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| | Friday, February 09, 2001 - 07:10 pm > Some will resend all their closed accounts > every three or six months. As a general rule, I'd have to disagree with that. Why would they do that? Just in case somebody happened to read the posts at Bayhouse.com, dispute their report and get a derog trade line removed? No way. Too much overhead, too much time and money is spent just to keep ACTIVE accounts up to date, let alone something that was charged off 3-4-5-6 years ago. Over the past 3 years, I've been successful in getting 6 unpaid judgements, 50+ derog trade lines, and 11 collections (totals from all CRA's) removed, 95% through the CRA, all were between 1 and 5 years old, and NOTHING ever showed back up. EVER.
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| | Saturday, February 10, 2001 - 07:41 am Sometimes tradelines will be reported again when a company is purchased. For example I had a credit card with Banco Popular and I later reported it lost/stolen. When Banco Popular was purchased the tradelines were reported again, but under a new name. The name of the old tradelines were also changed to the new name. Currently I have 12 entries on my credit for the one credit card I had from them. Weird, but harmless. I think the date of status is when your account reached its current status. For example if you were derogatory on 1/1999 and you became current on 2/1999 that would likely be your date of status and the last reported date would be 12/2000.
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| | Saturday, February 10, 2001 - 07:24 pm John, as a general rule, you may be right that most companies don't resend closed accounts. As of 1995 American Express did, it was my job. Shylock, your description of status and last reported dates are exactly as I understand them and tried to communicate, but your example is much more clear.
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| | Wednesday, February 14, 2001 - 06:17 pm Shylock, based on the report I looked at, that's not true. Example: Date of status: 2-1998 Last reported: 11-2000 Account history: 30 days as of 12-97 There are numerous similar accounts, some OPEN accounts with NO lates ever, yet with a status date one or two year older than the last reported date.
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| | Wednesday, February 21, 2001 - 09:45 am The terms used in the opening message of this discussion aren't correct relative to an updated Experian report that is provided directly by Experian - as opposed to a reseller or mortgage report provider. Secondly, STATUS DATE (previously output by Experian) - is the date the account became that status! If an account has been current for six months the status date should reflect the date from six months ago. Credit Professionals need to know how long an account has been at current status. LAST REPORTED is not an Experian term but may be taken from either Balance Date or most RECENT date available by company's that reformat Experian credit reports. If you are getting reformatted credit reports ask the company that manipulated the Experian report to develop their own. If the SOURCE of the report is cited as Experian that doesn't mean it is Experian's format!! BALANCE DATE is a critical date (from Experian) and reflects the date from reporting company's (credit grantor) receivable system. HINT: If your "Experian" credit report does not contain Balance Date it is not directly from Experian or the end user is manipulating the credit report and applying their own labels and descriptions.
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| | Wednesday, February 21, 2001 - 10:26 am That brings up another question: What is the difference between Last Reported, Status Date, and the Balance Date? On the sample Experian report they are all the same: http://www.experian.com/consumer/page4of8.html
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| | Wednesday, February 21, 2001 - 12:00 pm Todd wrote: The terms used in the opening message of this discussion aren't correct relative to an updated Experian report that is provided directly by Experian - as opposed to a reseller or mortgage report provider. The report referred to in the opening message was provided by Experian on 1/16/2001. Secondly, STATUS DATE (previously output by Experian) - is the date the account became that status! If an account has been current for six months the status date should reflect the date from six months ago. I posted previously: "Shylock, based on the report I looked at, that's not true. Example: Date of status: 2-1998 Last reported: 11-2000 Account history: 30 days as of 12-97 There are numerous similar accounts, some OPEN accounts with NO lates ever, yet with a status date one or two year older than the last reported date." Todd, did you read that? Credit Professionals need to know how long an account has been at current status. "Credit Professionals" would have to be brain dead to not be able to understand the reported LATE payments. LAST REPORTED is not an Experian term but may be taken from either Balance Date or most RECENT date available by company's that reformat Experian credit reports. Ok, Todd. How much cash would you like to bet? ** THIS ** Experian report reports "Last reported." If you are getting reformatted credit reports ask the company that manipulated the Experian report to develop their own. If the SOURCE of the report is cited as Experian that doesn't mean it is Experian's format!! How do I find out what company to ask? The only company name on those 16 pages is Experian. Todd, I'd really like to know where you dreamed up your ridiculous statements. What's your source? Who are you? I'm just looking at a REAL EXPERIAN report. I find it irritating when people post misleading and downright wrong info, sounding like they're the Experian CEO. And I certainly don't appreciate the implication that I can't figure out what report I'm looking at and that I can't even transcribe 5 words accurately. This is a VERY important subject because we don't know how credit scoring utilizes those dates. Since Erik posted "On the sample Experian report they are all the same" one could assume that they are supposed to be the same and any old dates COULD be interpreted as derogatory.
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