Nevermind!

[debtoranon]

nope

[guiness56]

The date it was first reported  -  to the CRA.  It doesn't matter when the default initially happened.

Date of first delinquency - the most important date - is when you defaulted on the account.  This date, the DOFD is used to determine when an item comes off your report.  7 years from 09/2004 means it will come off 09/2011,

The JDB/Factoring Company bought the loan.  Sometimes they think by listing themselves as a factoring company they won't have to follow the rules.  They are still a CA no matter what they call themselves.  It is a defaulted account bought by a factoring company.

If this account was added to your CR on 2/2010 and it was the last one added, then it is the most recent.

I guess I don't understand what you mean can a JDB report this way.  It is reporting correctly.

[mauve]

OMG GUINNESS! 

[guiness56]

Lol..

[debtoranon]

Nuh uh

[guiness56]

It is the most recent account added to your CR.  So in that sense it is your newest "account".   Collections should never be counted in your AAoA.

Accounts other than collections that are negative, say a revolving with late payments, yes, those are included in the AAoA. 

[debtoranon]

Thank you guiness56 I appreciate your time.

[RobertEG]

A DOFD of 9/2004 would not have a mandatory CR deletion date for the CA until 7 years plus 180-days from DOFD.  That would be 3/2012.

Date of major first delinquency is irrelevant to CR drop off.

You never have an "account" in the sense of an agreenent with a debt collector.  The CA account is between the debt collector and the CRA, and is strictly a credit reporting account.  It is not YOUR oldest account.  It may be the last  to post to your CR, but it is not an OC account.

[guiness56]

It will come off your report sometime between 9/11 and 3/12.

It is a law that says negative accounts older than 7 years, plus 180 days, from the DoFD can not be included in your report.  It is up to the CRA to remove it.  The CA or OC has no control over it.