Does Congress have to specifically mention EACH piece of data or can we just leave it at COMPLETE credit reporting?
Equifax
VERIZON (Individual)
Credit Grantor Contact Information
Not on record
Account Number Not on record
Account Type Open Account
Credit Limit
(High Credit)
$545
Minimum Monthly Payment (Terms) $0
Date Opened Not on Record
Date of Last Activity February, 2002
Description Account transferred or sold
Charged off account
Last Report on June, 2006
Balance Current status Past Due Amount
$0 Bad debt/collection
Seven Year Payment History
30 days late: 0 60 days late: 0 90+ days late: 0
Trans Union
VERIZON (Individual Account)
Credit Grantor Contact Information
Not on record
Account Number 300465614XXXX
Account Type Open Account
Credit Limit
(High Credit)
$545
Minimum Monthly Payment (Terms)
Date Opened Not on Record Date of Last Activity Not on Record
Date Paid Out Not on Record
Date Closed January, 2004
Loan Type Utility Company
Collateral SLDTO AFNI 8663079197
Description Purchased by another lender
Last Report on June, 2006
Balance Current status Past Due Amount
$0 Charged off as bad debt $0
Seven Year Payment History
30 days late: 0 60 days late: 0 90+ days late: 0
Experian
VERIZON WIRELESS (Individual)
Credit Grantor Contact Information
Not on record
Account Number XXXX
Account Type Installment
Credit Limit
(High Credit)
Original Amount $545
Charge Off Amount $545
Minimum Monthly Payment (Terms)
1 Month Date Opened Not on Record
Date of Status January, 2004
Last Payment Date Not on Record
Date Closed
Loan Type Unknown - Credit Extension, Review, Or Collection
Collateral
Description Transferred to/purchased by another lender
Last Report on June, 2006
Balance Current status Past Due Amount
Unpaid balance reported as a loss by credit grantor
Seven Year Payment History
30 days late: 0 60 days late: 0 90+ days late: 24: 6/2006 - 5/2004
[Note: Devastating late payments AFTER the account was charged off in 2002.
And you wouldn't be able to tell from the Experian reporting when the account was charged off, but that's a different issue.]
