04-22-2012 08:43 AM
04-22-2012 08:52 AM
04-22-2012 11:07 AM
04-22-2012 03:17 PM - edited 04-22-2012 03:18 PM
Apparently, the issue is their reporting of a repossession?
If so, the relevant date is not the DOFD or a date of delinquency. It would be the date of occurence of the reported adverse item, i.e., the repo.
Its CR exclusion date would be governed by FCRA 605(a)(5), which states:
"Any other adverse item of information, other than records of convictions of crimes, which antedate the report by more than 7 years."
When did the repo occur? What date are you basing credit report exclusion upon?
As a side issue, I suggest that you dont refer to SOL with respect to credit reporting issues, as it confuses the matter. SOL governs the time after which the debt is no longer legally collectible, and has zero to do with credit report exclusion issues.