I recently had a Car loan that I paid off. It was reporting 3 late payments in 2008. While I was paying the account off the loan was reported as Paid as Agreed. Well I paid the account of early, and now the status was changed to 60 days past due… I haven’t had a late payment on this account since Oct 2008. I watched my fico fall 25 points when the status of this account was changed.
I spoke to a rep at US Bank and she informed me that the account has been reported as being I2, I asked her should it being reporting as such considering the lates are already being reported. Can anyone help me with this, as I believe that this account is inaccurately reported.
Credit Account
Usbank
Status as of [?] Feb, 2010
Date opened [?] Apr, 2006
Date of last activity [?] Jan, 2010
Date closed [?] Not Reported
Account number [?] XXX3126
Loan type [?] Not Reported
Largest past balance [?] $12,574
Terms [?] Not Reported
Account Type [?] Installment
Account holder [?] Individual
Scheduled payment amount [?] $345
Balance [?] Current Status [?] Past Due Amount [?]
$0                60 days past due  Not Reported
Seven year payment history [?]
30 days late 1 time (Jul 2008)
60 days late 2 times (Oct 2008, Sep 2008)
90+ days late 0 times