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kotam wrote:
Please help me to understand reaging and date of last reported. I read Tuscani’s post regarding reaging and I think I understand, but just wanted to be sure before I started offering PFDs to this agency.
In my Experian credit report, it states the following:
Status: Collection account. $840 past due as of Jul 2006
Status Detail: This account is scheduled to continue on record until Nov 2007
Date opened: 10/2001 Type: Collection CL/Orig Amt: $840
Reported Since: 07/2006 Terms: 1 months High Bal: N/A
Date of Status: 07/2006 Monthly pmt: $0 Recent Bal: $840 as of 07/2006
Last Reported: 07/2006 Responsibility: me and spouse Recent Payment: $0
Account History: Collection as of Jul 2006
Even though it shows last reported in 7/2006, will this drop off my report this Nov since the Date opened is 10/2001, thus prompting the statement of “continue on record unil Nov 2007”?
Thanks to everyone on here. This has got to be one of the best forums I participate in.
Peace
Message Edited by kotam on 06-23-2007 09:44 PM
Timothy, thanks for the response! However, if this is scheduled to drop off this November, should I offer PDF or just wait it out for 5 more months? Peace
@Anonymous wrote:We have to assume the DOFD was in 2000 this date MUST be reported by the to the CA and the CA must report it when they post the data to your report.Don't pay this unless you get the PFD.
kotam wrote: Please help me to understand reaging and date of last reported. I read Tuscani’s post regarding reaging and I think I understand, but just wanted to be sure before I started offering PFDs to this agency. In my Experian credit report, it states the following: Status: Collection account. $840 past due as of Jul 2006 Status Detail: This account is scheduled to continue on record until Nov 2007 Date opened: 10/2001 Type: Collection CL/Orig Amt: $840 Reported Since: 07/2006 Terms: 1 months High Bal: N/A Date of Status: 07/2006 Monthly pmt: $0 Recent Bal: $840 as of 07/2006 Last Reported: 07/2006 Responsibility: me and spouse Recent Payment: $0 Account History: Collection as of Jul 2006 Even though it shows last reported in 7/2006, will this drop off my report this Nov since the Date opened is 10/2001, thus prompting the statement of “continue on record unil Nov 2007”? Thanks to everyone on here. This has got to be one of the best forums I participate in. Peace Message Edited by kotam on 06-23-2007 09:44 PM
@Anonymous wrote:It's up to you.I have some questionable morals so I would just let it fall off.
I think I understand your situation and hope to shed some light on your questions.
kotam wrote:
Please help me to understand reaging and date of last reported. I read Tuscani’s post regarding reaging and I think I understand, but just wanted to be sure before I started offering PFDs to this agency.
In my Experian credit report, it states the following:
Status: Collection account. $840 past due as of Jul 2006
Status Detail: This account is scheduled to continue on record until Nov 2007
Date opened: 10/2001 Type: Collection CL/Orig Amt: $840
Reported Since: 07/2006 Terms: 1 months High Bal: N/A
Date of Status: 07/2006 Monthly pmt: $0 Recent Bal: $840 as of 07/2006
Last Reported: 07/2006 Responsibility: me and spouse Recent Payment: $0
Account History: Collection as of Jul 2006
Even though it shows last reported in 7/2006, will this drop off my report this Nov since the Date opened is 10/2001, thus prompting the statement of “continue on record unil Nov 2007”?
Thanks to everyone on here. This has got to be one of the best forums I participate in.
Peace
Message Edited by kotam on 06-23-2007 09:44 PM
Credit Accounts
Accounts paid as agreed remain for up to 10 years.
Accounts not paid as agreed remain for 7 years.
Collection Accounts
Remain for 7 years.
The time periods listed above are measured from the date in your Credit Report shown in the DATE OF LAST ACTIVITY field accompanying the particular credit or collection account.
Courthouse Records Remain for 7 years from date filed except:
Bankruptcy-Chapters 7 & 11 remain 10 years from DATE FILED.
Bankruptcy-Chapter 13 non-dismissed or open remain 10 years from DATE FILED.
Unpaid Tax Liens remain INDEFINITELY.
Paid Tax Liens remain up to 7 years from the DATE RELEASED.
California State Residents Only: Unpaid Tax Liens remain 10 years from DATE FILED
Timothy wrote:This really good - except it is 7 years or 7.5 years form DOFD that detrimines when it drops. This MUST be reported to the CRA when placing a CA this date is provided by the OC.Also some CA's don't report right away.