DOFD Questions

[Maryjjj]

Could someone explain this to me. I read the stick but still unsure. I will post my questions and try to anser them. I just need confirmation if I am correct.

1) I have an Amex CO on my CR, CO date is Dec 2008. Will this account falls off my CR on Jan 2017?

2) I have a 30 day late payment as of 8/2009 and again in 6/2009 and 9/2009. Can I assume that this account will fall off my CR 7 years from 8/2009  (DOFD0 or 10/2016?

3) I have a CC that was settle for less than full amount in 12/2008. My CR states that this will be on my record until 4/2016. Shouldn't this fall off on instead on Jan 2016 instead?

4) I have another CC 30 day late payment as of 8/2009, but my CR states that this will be on record until 3/2017. Shouldn't this be falling off on 9/2009.

All of these are closed account that no longer active, if this makes a difference. Thanks for you advice.

[gdale6]

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@Maryjjj wrote:

Could someone explain this to me. I read the stick but still unsure. I will post my questions and try to anser them. I just need confirmation if I am correct.

1) I have an Amex CO on my CR, CO date is Dec 2008. Will this account falls off my CR on Jan 2017? Deletes Dec 2015, 7 yrs from date of CO.

2) I have a 30 day late payment as of 8/2009 and again in 6/2009 and 9/2009. Can I assume that this account will fall off my CR 7 years from 8/2009  (DOFD0 or 10/2016? They drop at 7 yr mark and once the last one is off it becomes a positive acct for the remaining time if will report.

3) I have a CC that was settle for less than full amount in 12/2008. My CR states that this will be on my record until 4/2016. Shouldn't this fall off on instead on Jan 2016 instead? What was the DOFD? Settlement date means nothing, CRTP is 7.5 yrs from DOFD

4) I have another CC 30 day late payment as of 8/2009, but my CR states that this will be on record until 3/2017. Shouldn't this be falling off on 9/2009. Should be gone 7 years from 8/09 which would be 8/2016 then it becomes a pos account for approx next 3 yrs.

All of these are closed account that no longer active, if this makes a difference. Thanks for you advice.

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[notfancy]

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@Maryjjj wrote:

Could someone explain this to me. I read the stick but still unsure. I will post my questions and try to anser them. I just need confirmation if I am correct.

1) I have an Amex CO on my CR, CO date is Dec 2008. Will this account falls off my CR on Jan 2017?

2) I have a 30 day late payment as of 8/2009 and again in 6/2009 and 9/2009. Can I assume that this account will fall off my CR 7 years from 8/2009  (DOFD0 or 10/2016?

3) I have a CC that was settle for less than full amount in 12/2008. My CR states that this will be on my record until 4/2016. Shouldn't this fall off on instead on Jan 2016 instead?

4) I have another CC 30 day late payment as of 8/2009, but my CR states that this will be on record until 3/2017. Shouldn't this be falling off on 9/2009.

All of these are closed account that no longer active, if this makes a difference. Thanks for you advice.

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HI there- I think that if you pull your Experian report (hope it is experian and not equifax) it will tell you your DOFD which is NOT the day the account was charged off.

An account can linger on your credit report for 7 years plus 180 days from the DOFD.

[guiness56]

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@Maryjjj wrote:

Could someone explain this to me. I read the stick but still unsure. I will post my questions and try to anser them. I just need confirmation if I am correct.

1) I have an Amex CO on my CR, CO date is Dec 2008. Will this account falls off my CR on Jan 2017?  It falls from the date of first delinqency and not the CO date.  Nothing is excluded from that date.  It is 7.5 years from the DoFD. 

2) I have a 30 day late payment as of 8/2009 and again in 6/2009 and 9/2009. Can I assume that this account will fall off my CR 7 years from 8/2009  (DOFD0 or 10/2016? If the account is not CO'd or in collections, only the lates will be removed at 7 years.  When the last one comes off the account will become positive again and stay for up to 10 years from the date closed.

3) I have a CC that was settle for less than full amount in 12/2008. My CR states that this will be on my record until 4/2016. Shouldn't this fall off on instead on Jan 2016 instead?  Depends on the DoFD of the account.

4) I have another CC 30 day late payment as of 8/2009, but my CR states that this will be on record until 3/2017. Shouldn't this be falling off on 9/2009.

 Same as 2.

All of these are closed account that no longer active, if this makes a difference. Thanks for you advice.

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