BB&T Charge-off & Reporting Status

[Anonymous]

Hi Everyone, 

I am in the process of rebuilding and have posted questions here before. I was looking at a charge-off that I had from BB&T for an auto loan from 2007. The last payment I made was 2011. 

Here's how it's showing on my report: 

BB&T

Reported - June 2016

Last Activity - April 2012

Opened - March 2007

High Credit - $18,222

Balance - $1,411

Past Due - $0

30 Days Late - 2

60 Days Late - 1

90 Days Late - 10

Type/Rate - INS Auto 09

History - June 2016:9X9XXXXXXXXXXX

Charge-off

Most Derog: June 2016

Most Recent: April 2016 Collection - March 2012 Collection

Should this be continuing to report on my credit? The date of removal when I look at my credit reports is January 2018. 

I was typing up goodwill letters as I've paid $705.94 of the $1,411 balance of which $862 was charged off. BUT, if it's time to come off, then can I just submit a dispute through the bureaus stating the account is too old? 

[Anonymous]

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@Anonymous wrote:

Hi Everyone, 

I am in the process of rebuilding and have posted questions here before. I was looking at a charge-off that I had from BB&T for an auto loan from 2007. The last payment I made was 2011. 

Here's how it's showing on my report: 

BB&T

Reported - June 2016

Last Activity - April 2012

Opened - March 2007

High Credit - $18,222

Balance - $1,411

Past Due - $0

30 Days Late - 2

60 Days Late - 1

90 Days Late - 10

Type/Rate - INS Auto 09

History - June 2016:9X9XXXXXXXXXXX

Charge-off

Most Derog: June 2016

Most Recent: April 2016 Collection - March 2012 Collection

Should this be continuing to report on my credit? The date of removal when I look at my credit reports is January 2018. 

I was typing up goodwill letters as I've paid $705.94 of the $1,411 balance of which $862 was charged off. BUT, if it's time to come off, then can I just submit a dispute through the bureaus stating the account is too old? 

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As the DOFD is 2011, then the excluson date would be 2018. 

[RobertEG]

The maximum exclusion period for a charge-off is no later than 7 years plus 180 days from the reported DOFD.

Most credit reports provide an expected exclusion date that is 7 years from the reported DOFD, so if your report shows an expected exclusion date of 01/2018, the reported DOFD is likely 01/2011.

The CRA does not become in violation of the exclusion requirement until expiration of the full 7 years plus 180 days.

Thus, a dispute of lack of exclusion should be delayed until approx. 07/2018.

I would approach by contacting the CRA and requesting an early exclusion rather than filing a formal dispute at this time.

They may agree to shave a few more months off their exclusion date.......