If you have the proof it’s not hard to have errors corrected in your credit file with Equifax or Tran’s union.

Yeah I paid Chase - and worst, they just cleared it up last week, so the R9 starts As of last week, which blows ... But I was still pre-approved a mortgage, so my worst fears are OK ... decent size mortgage too ... I have 7 other lines of credit on my File that are 100% good, No late payments ever, and savings, that must have saved me. I actually went to Equifax direct, instead of dealing with Chase Sears, and it was dealt with right awya, I heard that it's hard dealing with Equifax to change things, but it was pretty easy

Thanks for replying

Having that account updated as being paid does not add points, it's still an R9 and it might actually hurt your score.

Once the R9 drops off you could see your score jump by 50+ points.

Did you pay the collection agency or did you pay Sears-Chase? If you paid Chase you may have just shot yourself in the foot by re-starting the 6 year reporting period, which means the R9 will fall off 6 years from the date the last payment was recieved.

Timeline:

February 1 2010 - Ran my first ever Equifax at bank, had an R9 status for Chase Sears for 53$ (something I totally forgot about but it was the ONLY negative thing on my report)

Feb 2 - Paid off balance in full, send copy to Chase with explanation and apologies that I forgot about that small balance, and hope all is well and the Reporting can be updates as I'm applying for a loan

Feb 15 - Go back to bank to apply for my loan, they ran my Equifax again, that chase sears now showing (AFTER PAYMENT) DELIQUINCY, COLLECTIONS STATUS.

Feb 15 - contact Chase to ask what the hell is up ... Got a letter from them saying 'balance paid in full will report to credit bureaus in due time'

Feb 16 - with letter, loan denied :-( Ah well too high of an interest rate anyways!

November 4 2010. Run my Equifax and FICO score - 615 - Chase Sears still saying Account in Collection - Unable to contact Consumer

November 4th - Applied for 250000 pre approved mortgage, totally expecting to be denied but what's the harm really

Do you think I should contact Equifax or Chase for this to be fixed? is it even possible? If that 'Dilliquincy' shows paid in full, will I get a few more points?