How does updated reporting of bad debt work? One of our creditors

Bo
Wow, even after researching my dh's and I's credit for several years now, I have learned more on your site than I thought I could know.
Thank you!
Here is my question...
How does updated reporting of bad debt work? One of our creditors continually reports our bad debt. It was a bank chargeoff that does note in our report that we paid after chargeoff and collection, however their reporting is listed as being reported every month - recently ITEM LAST REPORTED at Transunion was June 30, 2006! It unfortunately does not show the date of that payoff, nor the date of last activity with them. It only shows that the account was opened in March 2001 (which is not correct, that is simply the date the collection of the account was started). I believe this debt was paid off in 2001 or 2002.
Thanks for reviewing this for me!

Sincerely, REAL PERSON
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I think credit reports have different ways of showing results depending on
which website or which bureau is pulled. Each data entry SHOULD show a "DATE OF LAST ACTIVITY" which is different than date of last update or reporting by the creditor.
I would want to clarify this point of contention with a dispute form marking account status incorrect. Then state what the account status SHOULD show and see what happens with your dispute.
If this does not help at all put a 50-100 word attachment on your credit file stating your case. This will not help your credit score but will help creditors with correctly reading your credit report. The file should show 0 balance owed if it was a charge off, but if the account is 4 years old it should not affect your credit a whole lot if your have open good credit right now. The 2 years back from todays date has the most weight on a credit report.
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