July 15th, 2010 
About six years ago I was way over my head in credit debt, and had to negotiate, and pay off several of my credit cards. All of those accounts were closed, and of course the ‘settled for less than full’ showed up on my credit report for these accounts.
I have since been issued new credit accounts, and ALWAYS pay my accounts in full and on time every month. My credit score has been slowing climbing from the low 500′s to the low 700′s in past six years.
However, about three months ago I received a letter from Discover card informing me that my account had been closed due to “past and/or recent delinquent credit obligations.” I was never late with a payment to Discover, nor to any of my other credit accounts, so I was puzzled.
After talking to Discover, and Transunion, who reported the “delinquencies”, it turns out that Sears (which I no longer had any credit with since I negotiated my balance, and closed my account with them back in 2/2003, but still had on my credit report) accidentally reported a “delinquency of 90+ days in 05/2009! And this is what triggered Discover to close my account!
I have since contacted the Sears/CBUSA recovery department, and they admitted it was a mistake, and said they would send a payoff letter to Transunion, as well as to myself.
In my recent, monthly review of my credit report and scores, I see that the old Sears account that was accidentally reported as delinquent no longer shows on my Transunion credit report. However, my transunion score, which last month was 718 is now 682!
I’m frustrated and befuddled to see that clearing this erroneous information of being late in 2009 on an account that was closed in 2003 has caused my credit score to plummet. Am I missing something here, or is this to be expected?
Yvonne
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