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Question about the 7 year rule for removal

tag
idonthaveaname
New Contributor

Re: NeRe: Question about the 7 year rule for removal

Lets say I have a credit card and I'm late 30 days pay ok then 4 months later I am late enough to get the account charged off. Is the DOFD the first 30 day mark?

 

 

Message 11 of 13
Anonymous
Not applicable

Re: Question about the 7 year rule for removal

go to the date of that first statement that you stopped making ANY payments ...that would be your date.......so if you are late but pay that would not be it.....because you made a payment which restarts the date of delinquency
Message 12 of 13
Anonymous
Not applicable

Re: Question about the 7 year rule for removal

and by pay I mean pay any amount
Message 13 of 13
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