Reply
Member
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
Senior Contributor
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?
Epic Contributor
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
Posts: 1,307
Registered: ‎09-30-2013
0

Re: Opened Date Changing?

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



Starting Score: May 2013 EQ: 577 TU: 537 EX: 555
Current Score: EQ: 600 TU: 644 EX: ??
Goal Score: ALL 720+

In the Garden Until August 2015 Last App Sept 2014
border="0"Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

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].

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.