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Charge off removal WHEN?

MYQ
New Member

Charge off removal WHEN?

Hi,

I had an old credit card account that was reported to Equifax as being the "Date of First Delinquency of 3/2010" and the " Date Major Delinquency Reported as 1/2012". All three bureaus report that the account will not be removed until 6/2018. The 6/2011 was the date last reported as the date of the last payment on the account as reported.  What is the difference of these three dates? How are they derived? Shouldn't the 7 years until removed start on the "Date of First Delinquency'? In this case 3/2017?

 

I have request an inquiry until this account that is now in collection. The three bureaus just come back and say "verified". My question is when does this drop off my credit reports? 

Message 1 of 7
6 REPLIES
Community Leader
Valued Contributor

Re: Charge off removal WHEN?

If the DoFD is 3/10 then it should drop by 9/17, 7.5 years from the DoFD. CRA's regularly exclude items at 7 years though.
Message 2 of 7
Community Leader
Epic Contributor

Re: Charge off removal WHEN?

Date of last payment and date of first major derog are irrelevant to credit report exclusion.

Credit report exclusion is based ONLY on the reported DOFD.  See FCRA 605(c) and 623(a)(5).

 

The CRAs normally provide an estimated exclusion date for a CO or collection that is 7 years from the reported DOFD.

The fact that all three CRAs are reporting an estimated exclusion date of 6/2018 implies a DOFD of 6/2011.

 

I would  contact each CRA for an explanation of why their estimated exclusion date does not appear to have been based on the DOFD.......

 

Message 3 of 7
Established Contributor

Re: Charge off removal WHEN?

I  recently had my only collection age off.  My dofd was June 2010.  Equifax removed it tge beginning of March.  Ladt week, I called experian.  I asked whrn they were scheduled for removal.  I was told it was scheduled for removal in May but she removed it while we were talking.  I would give each cra a call.  I am positive they will all remove it while you are on the phone.  Good luck!

Nov 2014 Starting credit score TU 598; EQ 602; Ex 614; Aug 2017 TU 784; EQ 791; EX 760
Blispay $7.5k/Citi DC (wemc) $6.8k/Amex $35k/Wayfair $9.2k/Chase Freedom $13k/NFCU $15k/Discover $27.5k/Amazon $7.5k/synch $9k/OS $3.2K/TR Visa $7k/Cap 1 qs1 $6k
Message 4 of 7
MYQ
New Member

Re: Charge off removal WHEN?

Thank you for your response,

Do you have the phone numbers for each of the three bureaus?

Message 5 of 7
MYQ
New Member

Re: Charge off removal WHEN?

Thank you for your response?

How should I contact them? The usual request my report and then dispute something, then wait till I get an call back code? Or call them? Do you have the phone numbers of each?  

Message 6 of 7
Valued Contributor

Re: Charge off removal WHEN?

Use the phone numbers on your report. They usually are the ones that will route your directly to a CSR. Ask for an early deletion.

 

 

Message 7 of 7