7 Year drop off?

[Anonymous]

I have read several posts from people concerning the seven year drop off. Everyone counting down the months until that day arrives. My question is this; do I have to write a letter to the different agencies to request this to happen? Most of what I read here says no, it’s automatic. I have had a few people, in the past, tell me otherwise. I even had consumer credit counselors give me a prefab letter to start sending out to the big three to get my older, seven years plus, debts removed. Please, for the love of all creatures big and small, will someone give me the DL on this? I would like to know if I need to invest in a box of envelopes and a book of stamps.

[guiness56]

Normally when the reporting period is expired, the CRA automatically delete the accounts. There are a few instances when they may not, due to over sight or other reasons. If this happens dispute as being too old to report.

On the up side, many times they will remove items several months before the reporting period has expired.

[Anonymous]

Thank you for the information! I guess now I have to get off my butt and pull my CR. This sounds bad but due to my divorce, 40 bucks to pull my CR is a lot of money right now. I have a good idea of what’s on it, I just don’t know what the full extant of the damage that my ex-wife inflicted upon me. Is there a place that I can pull one for free? Will this include all 3 agencies?

[makeynik]

Did you already pull your free credit report? I think it is annualcreditreport.com, but I might be wrong...

[Anonymous]

Federal law allows you one free report from each CRA, every 12 months.

Some states have laws that entitle you to another free report or discounted reports.

Also, under certain other conditions(unemployed and plan to look for work, recently received adverse action due to CR, etc) you are entitled to free reports.

For your annual reports under federal law, go here.

[Anonymous]

Thanks once again guys. Gonna pull and print now.