Rebuilding Your Credit

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chasmith
Posts: 1,016
Registered: ‎05-26-2010

Re: Collection Agency closed. What now?

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‎03-02-2013 02:08 PM

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 Gardening since 10/6/2012

Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 4/2/2011 EQ 682 1/14/2011 TU 665
Current Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Goal Score: EQ 700 TU 700
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LIGHTNIN
Posts: 3,353
Registered: ‎03-24-2008

Re: Collection Agency closed. What now?

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‎03-02-2013 03:10 PM

Hi SLR72689,

 

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

FICO's Oct 2012 TU731 EQ744Live 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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Shogun
Posts: 7,372
Registered: ‎04-15-2011

Re: Collection Agency closed. What now?

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‎03-02-2013 06:21 PM

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

Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
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