Reply
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Credit Reporting Time Periods



smallfry wrote:
I don't think it works that way at least in NJ. I have been paying support for three kids since 1995. My oldest just dropped off this year. I believe as long as you stay current and are not brought into court for non compliance there should be no negatives reported on your credit report. Mine says pays as agreed. Might even be a positive trendline on my report but it has been killing me.

Message Edited by smallfry on 04-29-2007 06:26 PM




Here in the Soviet Socialist Republic of California, I don't think they care.

Stalin would have loved the child support laws in this country.
- - - -
in a credit-scoring postnuclear Stone Age...
Valued Member
Posts: 39
Registered: ‎04-29-2007
0

Re: Credit Reporting Time Periods

Guys,
Transunion just deleted my tax lien even though the SOL has not yet expired.

My CR still shoed th lien as being unpaid. I sent in a online dispute saying the lien was released. they deleted it the very next day
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Credit Reporting Time Periods



inzaghi wrote:
Guys,
Transunion just deleted my tax lien even though the SOL has not yet expired.

My CR still shoed th lien as being unpaid. I sent in a online dispute saying the lien was released. they deleted it the very next day

Congrats!
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Credit Reporting Time Periods

Want to add...
 
 
I think where people get confused is that it is possible to "restart the clock" on the (SOL). Keep in mind that the rules on that vary by state.

Paying the chargeoff will not change the 7 year FCRA reporting timeframe on the credit report. Assuming it does, the creditor is illegally reaging and you can sue.
 
The only date that matters for determining SOL is the DOFD (date of first delinquency) and, most likely by design, this date is not reported by any CRA. The only way to find out what a CRA has for the DOFD is to call and ask or send a letter requesting it.
 
The DOFD is exactly that - the date the account went delinquent that lead to the account being charged off.
 
Contrary to some posts here, the date of last payment has nothing to do with DOFD. Here's why:
Say on Jan 01, 2005 you open a "0 payments for 6 months" account. You make charges but never make any payments on the account and it eventually charges off. In this case, the DOFD would be July 20 (or whatever the due date is), 2005 because that's the first payment that was missed. Because a payment was never made, the date of last payment will be blank on the credit report.
In the above example, if you miss July's payment but bring the account current in September, the DOFD resets until you miss your next payment.
 
See FCRA 605(a) 4&5 and FCRA 605( c)1 for more details.
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007
0

Re: Credit Reporting Time Periods



Tuscani wrote:
 
The only date that matters for determining SOL is the DOFD (date of first delinquency) and, most likely by design, this date is not reported by any CRA. The only way to find out what a CRA has for the DOFD is to call and ask or send a letter requesting it.
 


Equifax reports DOFD.  It's all but hidden in those long horizontal lines of data.
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Credit Reporting Time Periods



masdeocho wrote:


Tuscani wrote:
 
The only date that matters for determining SOL is the DOFD (date of first delinquency) and, most likely by design, this date is not reported by any CRA. The only way to find out what a CRA has for the DOFD is to call and ask or send a letter requesting it.
 


Equifax reports DOFD.  It's all but hidden in those long horizontal lines of data.


 
Yea, and sometimes the DOFD is listed as the DOLA... it just depends. That is why it is best to call to get an accurate date.
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
0

Re: Credit Reporting Time Periods

Good for you.
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
0

Re: Credit Reporting Time Periods

Why would the state consider the fact that you pay child support a reason to get a judgement. I pay child support in NJ and I do not have a judgment against me.
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Credit Reporting Time Periods

[ Edited ]
Because this is the Soviet Socialist Republic of California. The only reason the state government exists here is to get its claws on as much of a worker's income as possible. Heck, I could probably keep more of my income if I lived in Cuba or China!

I'm planning in the long run to leave the United States. I'm only doing what any able-bodied, working person in a socialist or communist state should do, which is LEAVE.

I'm sure the child support bureau would love it if I took the same option a college buddy of mine did...they hounded him until one night, a few days before they would have taken him to jail, he put a gun into his mouth and pulled the trigger. But I see no reason I should die over a bunch of jag-off politicians and bureaucrats. Let them eat my dust.

Message Edited by TheNewWorldMan on 05-03-2007 04:08 PM
- - - -
in a credit-scoring postnuclear Stone Age...
New Member
Posts: 8
Registered: ‎05-03-2007
0

Re: Credit Reporting Time Periods

what im wondering is that if you pay off an account that has been to collections is it better on your credit score or is it the same. There are two accounts that have several 120day late hits.
Another question is there a way for the collection people to take off all the late dings?
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.