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Valued Contributor
indiolatino61
Posts: 1,429
Registered: ‎11-10-2012

Judgment and DOFD

Hello all...when there is a judgment on your CR, say filed 08/2006, does the 7-year limit start on the day the judgment is filed in court or the DOFD? Since the DOFD has to be far earlier than the judgment, can a letter for removal based on that reason be sent? Thank you.

 photo Logo-CreditCardCollection_zps2f177769.jpgWmart (TU): 802, Disc it (TU): 802, CKarma (TU): 767, AmEx (EX): 755, CSesame (EX): 710, Quizz (EQ): 778, myFICO (EQ): 770.
Oldest: AmEx: 26Y-2M, AAoA: 6Y-1M, Utl: 0.81%, 12/24 Inq: 5/15, Income: $99k, Garden: 03/30/2014. Updated 04/10/2014.
Mega Contributor
RobertEG
Posts: 17,229
Registered: ‎03-19-2007

Re: Judgment and DOFD

DOFD has one and only one purpose in credit reporting.

It sets the period for calculation of the date for ultimate exclusion of either a collection or charge-off.

It is irrelevant to the exclusion of any other adverse intormation, such as a judgment.

FCRA 605(a) explicity sets the 7 year exclusion period for a judgment as running from the date the judgment was entered.

Valued Contributor
indiolatino61
Posts: 1,429
Registered: ‎11-10-2012

Re: Judgment and DOFD


RobertEG wrote:

DOFD has one and only one purpose in credit reporting.

It sets the period for calculation of the date for ultimate exclusion of either a collection or charge-off.

It is irrelevant to the exclusion of any other adverse intormation, such as a judgment.

FCRA 605(a) explicity sets the 7 year exclusion period for a judgment as running from the date the judgment was entered.


Thank you for the prompt response. 

 photo Logo-CreditCardCollection_zps2f177769.jpgWmart (TU): 802, Disc it (TU): 802, CKarma (TU): 767, AmEx (EX): 755, CSesame (EX): 710, Quizz (EQ): 778, myFICO (EQ): 770.
Oldest: AmEx: 26Y-2M, AAoA: 6Y-1M, Utl: 0.81%, 12/24 Inq: 5/15, Income: $99k, Garden: 03/30/2014. Updated 04/10/2014.

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