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Regular Contributor
Posts: 199
Registered: ‎06-29-2013
0

SoL - which date is used?

I was looking over my EQ report I just received in the mail and it doesn't show a date items will drop off like my EX and TU reports. Is the 7 years from the 'reported' date or 'assigned' date?

 

Funny how even when all three have the same account's that all three reports have different dates. Smiley Frustrated

 

Thanks in advance.

Starting Score 12/15 (FICO 8) EQ: 488 :-(
7/16 (FICO 8) EX:611 - TU: 579 - EQ 599 --- Goal 660+
Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: SoL - which date is used?

It is no later than 7.5 years from the DoFD of the OC. 

 

EQ should have a DoFD reported if pulled from annualcreditreport.com or directly from the CRA.  It won't be on the one from myFICO or other 3rd party reports.

Frequent Contributor
Posts: 416
Registered: ‎11-03-2012
0

Re: SoL - which date is used?

BTW OP...SOL (statute of limitation) has nothing to do with CRTP (credit reporting time period). The later is what guiness is refering to as 7.5 years from DoFD.


Starting Score: 501
Current Score: 754 EQ,TU 745,EX 750
Goal Score: 800

Regular Contributor
Posts: 199
Registered: ‎06-29-2013
0

Re: SoL - which date is used?

Thanks, I had to send in for my EQ report. It does have the DoFD listed. The report's I received online from EX and TU both have 'scheduled to continue on record until ...' but the EQ does not.

Starting Score 12/15 (FICO 8) EQ: 488 :-(
7/16 (FICO 8) EX:611 - TU: 579 - EQ 599 --- Goal 660+
Regular Contributor
Posts: 199
Registered: ‎06-29-2013
0

Re: SoL - which date is used?

Got it, 7 to 7.5 for CRTP. SoL in Ohio on Medical is 15...Smiley Mad

Starting Score 12/15 (FICO 8) EQ: 488 :-(
7/16 (FICO 8) EX:611 - TU: 579 - EQ 599 --- Goal 660+
Moderator Emeritus
Posts: 14,051
Registered: ‎04-15-2011
0

Re: SoL - which date is used?

Like guiness said,  only EQ will list a DOFD, TU and EX have an expected date this will fall off.  You have to count 7 years +180 back to get the DOFD.  For EQ, you have to count 7 years +180 days for the debt to reach the CRTP and be excluded.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 199
Registered: ‎06-29-2013
0

Re: SoL - which date is used?

So EQ is 7 years from DoFD +180 for CRTP?

 

hmm, that's longer then both EX and TU have listed as expected dates to fall off for the same account's.

Starting Score 12/15 (FICO 8) EQ: 488 :-(
7/16 (FICO 8) EX:611 - TU: 579 - EQ 599 --- Goal 660+
Moderator Emeritus
Posts: 14,051
Registered: ‎04-15-2011
0

Re: SoL - which date is used?

Yes it is.  And here's the explanation why.

 

7 years + 180 days is the "maximum" it can stay on.  Many times the CRAs will remove before that, just to make sure they are adhering to the rules.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 199
Registered: ‎06-29-2013
0

Re: SoL - which date is used?

Looking over all three report's for the same account of $249:

 

TU has date to fall as11/13

EX has date to fall as 2/14

EQ would be (7+180 DoFD) 8/14

 

Do CA report each at different times to make it stay longer or something?

Starting Score 12/15 (FICO 8) EQ: 488 :-(
7/16 (FICO 8) EX:611 - TU: 579 - EQ 599 --- Goal 660+
Moderator Emeritus
Posts: 14,051
Registered: ‎04-15-2011
0

Re: SoL - which date is used?

The CA should report the same information to each of the CRAs.  The CA is not responsible for determining the CRTP, they only provide the DOFD of the debt to the CRA and the CRA in turn determines the date that it would be excluded.

 

I will say that there's more than 6 months different there,  but I would expect that it has less than a year to go, maybe by Feb or March it should be off all 3.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

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