Fall off - old accounts

[Judilynn]

I have 2 old accounts that Transunion shows will fall off in 5/2014.  I checked and they haven't fallen off yet.  I'm working on a mortgage and just wondered if anyone knows how long it takes for them to actually fall off.

I love these boards - reading through the topics has really helped me get my act together.

[lavencedora]

It could be as late as end of the month. I had a very late in the month removal with an account that fell off in March.  You can ask the CRA to take it off or dispute it as obselete. If fall off is within the same month, you shouldn't have any trouble getting it removed. If it's possible to wait a couple of weeks on the mortgage, then you'd probably have time to get that done. If you're mid-process on the mortgage right now, there is some risk of a lag time with the dispute showing on your CR ... but, I think the CRA's usually do a pretty good job of deleting quickly if it's obsolete.  

As for me, mine was reporting throughout the month it was due to fall off. I actually called the CA and asked them to remove their reporting on two different CRAs. By the last week of the month, it was gone. I don't know if my CA call helped or not. If it wasn't gone by the end of the month, I was going to dispute as obsolete with CRA.

[FatBank]

I've had accounts take a month or so longer to fall off than what the fall off date was listed. I wasn't apping for anything so I just let them run their course. I would try to call the CRA's before you disputed them. Good luck!

[Shogun]

Wait until the end of the month.

[TrueGeminiNC]

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@Judilynn wrote:

I have 2 old accounts that Transunion shows will fall off in 5/2014.  I checked and they haven't fallen off yet.  I'm working on a mortgage and just wondered if anyone knows how long it takes for them to actually fall off.

I love these boards - reading through the topics has really helped me get my act together.

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I had accounts that where scheduled to fall off between 04/2014 and 07/2014.  I contacted both TransUnion and Experian direclty and without hesitation, they removed the accounts at my request.  

Unfortunately, I wish Equifax wasn't so difficult.  I have reached out to a consumer protection attorney for assistance.  For some reason both TransUnion and Experian removed the account in 04/2014 which is 7 years from the DoFD.  However, Equifax wants to hold onto the account until 07/2015 which is 7 years from the last paymement made on the account.

[Judilynn]

Hi Jay:

Thank you for the information.  Did you just call the numbers for TU and EX?  I didn't know if I should try to call or just leave them alone.

[TrueGeminiNC]

For Experian, I did contact customer service and asked if the account could be removed early.  Without hesitation, the representative suggested that she could remove the account.  With TransUnion, I actually initiated a dispute online.  There was a dispute option which said something like, account is to old to be reported.  

The following day, I received confirmations from both Experian and TransUnion via email acknowledging that the accounts had been removed.  

Best of luck with the home buying process!

[creditlost]

What number did you use for Experian? Every number I've used is a recording to dispute. I can't find a number to talk to a real person. Thx

[TrueGeminiNC]

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@creditlost wrote:

What number did you use for Experian? Every number I've used is a recording to dispute. I can't find a number to talk to a real person. Thx

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1 800 493 1058 - it looks like their hours are M-F 09:00 - 5:00.  Maybe give them a call tomorrow and you will be able to speak with a live representative.  

[IamB2]

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@Judilynn wrote:

I have 2 old accounts that Transunion shows will fall off in 5/2014.  I checked and they haven't fallen off yet.  I'm working on a mortgage and just wondered if anyone knows how long it takes for them to actually fall off.

I love these boards - reading through the topics has really helped me get my act together.

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As others have mentioned, you should wait until the end of the month, but if it is not removed by then, simply contacting TU (or using their online dispute feature) as account being too old to remain on file, they will remove it very quickly. They removed one of mine within 48 (I think - or maybe 72 hours... I can't really remember the exact time it took for them to remove it, but it was fairly fast).

Hope that helps