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Will account drop off at DOFD 7 year mark or BK 7 year mark?

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Eric958
Established Contributor

Will account drop off at DOFD 7 year mark or BK 7 year mark?

I have 2 accounts that will reach the 7 year drop off date 2 years before BK 13's -7 year reporting period ends. Since they both are IIB will they now run there course with BK reporting period or drop off after the DOFD period? Thanks in advance.




Never Give Up!!
Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Will account drop off at DOFD 7 year mark or BK 7 year mark?

They should drop off at their normal time. The BK13 has it's own timeline and will drop after the 7 years have run its course. Good luck!

Message 2 of 5
Eric958
Established Contributor

Re: Will account drop off at DOFD 7 year mark or BK 7 year mark?

Sorry just realized I'm not sure if my question was answered. Both accts are reported 1x as IIB, So do they fall off after dofd {7 yrs) or after bk13 falls off?




Never Give Up!!
Message 3 of 5
Anonymous
Not applicable

Re: Will account drop off at DOFD 7 year mark or BK 7 year mark?

As he stated earlier, the accounts in question will drop off after 7 years and before your BK13 does (in your scenario).

Message 4 of 5
Eric958
Established Contributor

Re: Will account drop off at DOFD 7 year mark or BK 7 year mark?

Got it!!! Thanks




Never Give Up!!
Message 5 of 5
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