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A new collection account from RCS/CVF Consumer Acquisitions popped up on my report today
Anyways...I didn't recognize it at first, but then I realized it was the CA for an old Cap1 CO. But wait....the date they're listing an open date 8/2011?! The DOLA reported by Cap1 is 10/2005. Will this add another 7 years to the waiting game? What's worse is this was a card with a $300 limit and they're reporting a balance of $988. sigh....
Date open is the date the debt was sold or assigned to the CA.
OC can report up to 7years from the DoFD.
A CA can report up to 7 1/2 years from the OC DoFD.
DoFD is the first 30 day late on a OC account, that was never brought back to a current status again.
You may find reading this helpful... What Steps Do I Take?Do I DV?PFD?
Hope this answers your questions. If not, let us know.