Credit Cards Center Credit cards from our partners
Reply
New Contributor
Posts: 101
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.

EQ 566 TU 557 - Goal 720


Epic Contributor
Posts: 22,406
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: 402
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: 706 EQ,TU 689,EX 686
Goal Score: 720

New Contributor
Posts: 101
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.

EQ 566 TU 557 - Goal 720


New Contributor
Posts: 101
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

EQ 566 TU 557 - Goal 720


Moderator
Posts: 13,897
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!
New Contributor
Posts: 101
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.

EQ 566 TU 557 - Goal 720


Moderator
Posts: 13,897
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!
New Contributor
Posts: 101
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?

EQ 566 TU 557 - Goal 720


Moderator
Posts: 13,897
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!
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.