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Established Contributor
Posts: 756
Registered: ‎01-20-2012
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DOFD vs Date Major Delinquency First Reported

Which date will the 7yr reporting period go by?   See below, it's an old BofA credit card.

 

Account Number: XXXX

Current Status: CHARGE-OFF

Account Owner: Individual Account.

Type of Account : Revolving

Credit Limit: $ 0

Term Duration: Terms Frequency: Monthly (due every

month)

Date Opened: 01/2005

Balance: $ 0

Date Reported: 05/2008

Date of Last Payment: 04/2007

Date of Last Activity: N/A

Date Major Delinquency First Reported: 01/2006

Months Reviewed: 40

Description: Transfer/Sold

Charge Off Amount: $ 464

Type of Loan: Credit Card

Date of First Delinquency: 06/2005

Comments: Charged off account

Fico: 701 (5/22/14) 682 (5/9/2014)
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Valued Contributor
Posts: 2,656
Registered: ‎06-05-2008
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Re: DOFD vs Date Major Delinquency First Reported


awdsmama wrote:

Which date will the 7yr reporting period go by?   See below, it's an old BofA credit card.

 

Date of First Delinquency: 06/2005

 



It's 7.5 yrs from the DOFD.  Legally you have 11 months to go, but it is not uncommon for these things to disappear at 6.5 or 7.0 yrs.  

 

Good luck,

12-15-14: FICO EXP: 813 - EQU:802 - TRAN: 756 - AVG: 790 +240 points from JUN 2008 - MY CREDIT JOURNAL

Established Contributor
Posts: 756
Registered: ‎01-20-2012
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Re: DOFD vs Date Major Delinquency First Reported

Thank you :-)

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
Posts: 2,656
Registered: ‎06-05-2008
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Re: DOFD vs Date Major Delinquency First Reported


awdsmama wrote:

Thank you :-)


Anytime

12-15-14: FICO EXP: 813 - EQU:802 - TRAN: 756 - AVG: 790 +240 points from JUN 2008 - MY CREDIT JOURNAL

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