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Is this about to fall off my CR?

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thel222
Established Member

Is this about to fall off my CR?

This is the only baddie on my CR:

 

GM Financial

Status as of: 10/2012

Date opened:  11/2000

Date of Last Activity: 2/2006

Worst Delinquency:  Bad Debt/collection

 

Since the Date of Last Activity is 2/2006, can I expect it to age off my report in February?  If not, I'd want to DV, then PFD oit.  If it ages off, how long does it actually take before you see the change on your report?  Thanks!

Message 1 of 10
9 REPLIES 9
Shogun
Moderator Emeritus

Re: Is this about to fall off my CR?

The DOFD is what sets the clock for the CRTP for it's exclusion.  I would assume it would be sometime before the DOLA.

Starting Score: 504
July 2013 score:
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Message 2 of 10
RobertEG
Legendary Contributor

Re: Is this about to fall off my CR?

Is this an OC account reporting a collection referral, or a collection reported by a debt collector?

Message 3 of 10
thel222
Established Member

Re: Is this about to fall off my CR?

Good question - I'm not sure. I think it must be a CA because I don't recognize the company as anyone I've ever done business with. I would DV to find out the details but if it's about to fall off shouldn't I just leave it alone?
Message 4 of 10
chasmith
Valued Contributor

Re: Is this about to fall off my CR?

The DOFD triggers the 7 to 7.5 year clock for negative lines to fall off.  Since the DOLA is 2/2006 the latest it can stay on would be 9/2013.  Did you ever do business with GMAC, they didn't just do car loans...

 

 

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Message 5 of 10
thel222
Established Member

Re: Is this about to fall off my CR?

I've never done business with them. I know they do more than car loans, but I didn't think they did collections. There's a chance this is not my debt and if I hadn't been a slacker for so long I would have DV'd them long ago and would know for sure. At this point, I think I should just let it be, right? With any luck it will fall off closer to Feb than Sept.
Message 6 of 10
chasmith
Valued Contributor

Re: Is this about to fall off my CR?

Worst case wait until September and if it hasn't fallen off dispute to the CRAs as too old.  The credit report you copied this from, or your free annual credit report should tell you the DOFD.  If it's seven years or more from DOFD try disputing as "too old", again written, CMRRR.

 

You could dispute it now as "not mine" if a DOLA of 2/06 is out of SOL.  Do it in writing CMRRR, not online.

 

DV doesn't really apply as this appears to be an original creditor, but you could contact them (again be sure of SOL) to see what it is and why they claim you owe it.  Again I would mail a letter CMRRR, the credit report should supply a contact address.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Message 7 of 10
thel222
Established Member

Re: Is this about to fall off my CR?

I'm in NY so the SOL is 6 years. I copied this from the EQ report obtained through this site and it doesn't include any other dates or addresses.

Message 8 of 10
chasmith
Valued Contributor

Re: Is this about to fall off my CR?

I just pulled my TU today through MyFICO and the DOFD isn't shown.  My EQ, ordered from EQ via Scorewatch does show DOFD.

 

Can you pull your free annual credit report (or do you have a copy of the one you pulled within the past 12 months), it will show there?

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Message 9 of 10
guiness56
Epic Contributor

Re: Is this about to fall off my CR?

If you haven't already, you can get a free credit report from each CRA once a year.  Go to annualcreditreport.com.  You will be able to get much more information on your CR there.

Message 10 of 10
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