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Epic Contributor
Posts: 20,886
Registered: ‎03-19-2007
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Re: Having trouble understanding when items will come off my credit report.

Here is how I would tackle any dispute of derogs in my CR.

Pull out all original creditor records on any disputed account debt..

First, list in chron order each reported delinquency on the OC debt while the OC account was open.

Each of these reportings can remain in your CR, under FCRA 605(a)(5), for up to 7 years from each of their individual dates of delinwuency with the OC.  DOFD is meaningless to these drop offf dates. They drop off indivuaually.

 

If a charge off (CO) or collectiion (CA) is reported, they have totally separte drop off dates.

They are based on only one single date,and that is the DOFD on the OC account. That is, under FCRA 605(c), set at 7 1/2 years from that separate date, the DOFD.

 

 

 

 

New Visitor
Posts: 1
Registered: ‎06-24-2009
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Re: Having trouble understanding when items will come off my credit report.

How long do my closed accounts stay on my report?  I have 53 accounts and most of them are over ten years old and closed.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Having trouble understanding when items will come off my credit report.


klpeterson wrote:

How long do my closed accounts stay on my report?  I have 53 accounts and most of them are over ten years old and closed.


Positive accounts remain for 10 yrs from the date of closure.

 

Don't do anything to those old accounts, unless you want a score drop.

New Visitor
Posts: 1
Registered: ‎08-26-2011
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Re: Having trouble understanding when items will come off my credit report.

 
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: Having trouble understanding when items will come off my credit report.

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