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macygray82
Posts: 11
Registered: ‎03-01-2013
0

Opened Date Changing?

I have 3 items on my credit report that are a bit confusing to me. It is my understanding that the date an item drops of the report depends on the date it was opened.

 

Credit One Bank had a Credit Card on my report with an open date of 6/1/2010 - so I assume it falls off 6/1/2017/

Then the balance changed to $0 and Midland Funding picked it up so I assume the debt was sold. Now Midland is reporting an open date of 10/1/2011.

The same thing with MidAmerican Energy. It posted with IC Systems as an open date of 12/1/2008. Then was sold and to Diversified Adjustment and the open date changed to 8/1/2011.

 

Same thing with a Best Buy card that first reported an opened ate of 12/1/2006, then sold to LVNV Funding and open date changed to 9/1/2011.

 

Is this right? Why is the open date changing!? Should I do a DV to get the correct open dates? Or am I missing something here?

 

I'm sorry - I'm new to this and still trying to figure it all out! Any help is very much appreciated!!!

3/1/2013 - 548
Moderator
LIGHTNIN
Posts: 4,189
Registered: ‎03-24-2008
0

Re: Opened Date Changing?

A debt with a CA (collection agency) drops off your CR (credit report), 7.5 years from the DoFD (date of first default), paid or unpaid.

 

EQ CR will list the DoFD and TU & EX will have the date of removal on them.

FICO's Oct 2013 TU711 EQ713 EX723~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?
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guiness56
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Opened Date Changing?

The date opened has nothing to do with something being excluded from your CR.

 

Date opened for a CA is when they acquired the debt.  It is still excluded under the same terms as the OC account.

 

Date opened for an OC is the date they opened your CC or whatever it is.

 

Items are exlcuded based on the DoFD for COs or collections.

Valued Contributor
newmomnewme
Posts: 1,305
Registered: ‎09-30-2013
0

Re: Opened Date Changing?

So what do I do when it changes? Request DV or dispute through CRA?



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llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: Opened Date Changing?

[ Edited ]

newmomnewme wrote:

So what do I do when it changes? Request DV or dispute through CRA?


Nothing. There's nothing wrong with a changing open date [on a reporting CA].


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