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Collection Agency closed. What now?

Valued Contributor

Re: Collection Agency closed. What now?

With a DOFD of 9/2006 it should fall off between 9/2013 and 3/2014.  The legal requirement is "seven years plus 180 days from DOFD", but CRAs often delete at or just after 7 years.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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Senior Contributor

Re: Collection Agency closed. What now?

Hi SLR72689,

 

Have your BF look into joining a CU, they are have the best interest rates on car loans.

FICO's May 2015 EQ764 ~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
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Moderator Emeritus

Re: Collection Agency closed. What now?


LIGHTNIN wrote:

Hi SLR72689,

 

Have your BF look into joining a CU, they are have the best interest rates on car loans.


Big +1 on this one!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.