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Discojones

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Collection firm reporting 6+ year old $0 balance chargeoff as a missed payment.
I have a chargeoff at $0 balance from back in 2010. It hits 7 years this December. On my last update, That account was pulled from being listed as a derogatory mark, BUT it was listed as having a missed payment. How can a charge-off with a zero balance, and NO payment arrangement, and no due-date be reported as a missed payment?? Is this a simple reporting error, or is the collection agent up to something?
Do I contact the collection agent, or dispute it with the reporting agency's?

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To clarify one point, It was charged off to $0 by the OC. The technical balance is 5,000, but it is reported as 0.

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If technically you owe five grand but the account is reporting zero, I am not sure what you are complaining about. Even if a missed payment is not accurate, it surely looks better and scores better than having a five thousand dollar debt. You can dispute this account if you wish and hope that it gets removed for incorrect information, this outcome very well could happen. However, if it is corrected rather than deleted, you may cause some serious damage by disputing. Being so close to the seven year mark, it may be worth the gamble if you are not planning on applying for credit anytime soon. I also want you to do some reading on Early Exclusions if you haven't done so yet, as you may be able to get this account removed prior to the seven year mark. Transunion will sometimes remove accounts six months prior to the seven year mark and sometimes Equifax and Experian will remove three months early and sometimes even earlier. It really depends on your situation as to what to do, if it were me I would probably take the gamble and dispute it and if that doesn't work, start asking for Early Exclusion come June.

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