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120 late

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Anonymous
Not applicable

120 late

Can the OC report a 120 day late after account is closed and charged off?
Message 1 of 3
2 REPLIES 2
RobertEG
Legendary Contributor

Re: 120 late

Yes, providied the account was late at that amount and for that date.

There is no requirment that accurate information be reported within a set period after its occurence.

 

Neither account closure nor their taking of a charge-off ceases delinquency of the debt, and it can continue to accrue delinquencies.

While many ceditors will cease reporting of additinal derogs after account closure of a charge-off, they are not required to do so.

 

 

Message 2 of 3
Anonymous
Not applicable

Foreclosure

I had a foreclosure on 11/2009 that is reporting 120 del 12/2014
Message 3 of 3
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