Here's the situation:
1st Premier CC - Opened 6/2007, DOFD 1/2008, DOLD 3/2008, DOLA 6/2011, Closed 10/2011
Continental Finance CC - Opened 3/2007, DOFD 1/2008, DOLD 4/2009, DOLA 5/2009, CO 5/2009 (PIF to CA afterwards)
BoA CC - Opened 8/2004, DOFD 4/2006, DOLD 4/2009, DOLA 4/2010, Status Updated 7/2012
Civil Small Claims Judgement (PIF) - Filed 6/2008
I still am not quite sure what date to go by for when negative things fall off of the CR. I definitely have more than these 4 baddies on my CR but I'm trying to figue out when I can expect them to fall off. I've tried to include as much info about them as I can. Any help would be appreciated!
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@Loques wrote:Here's the situation:
1st Premier CC - Opened 6/2007, DOFD 1/2008, DOLD 3/2008, DOLA 6/2011, Closed 10/2011 Should fall off next year.
Continental Finance CC - Opened 3/2007, DOFD 1/2008, DOLD 4/2009, DOLA 5/2009, CO 5/2009 (PIF to CA afterwards) Next year.
BoA CC - Opened 8/2004, DOFD 4/2006, DOLD 4/2009, DOLA 4/2010, Status Updated 7/2012 Should be removed from your reports already, as ity falls outside the CRTP (credit reporting time period). Dispute it with any CRAs that have this report on file.
Civil Small Claims Judgement (PIF) - Filed 6/2008
I still am not quite sure what date to go by for when negative things fall off of the CR. I definitely have more than these 4 baddies on my CR but I'm trying to figue out when I can expect them to fall off. I've tried to include as much info about them as I can. Any help would be appreciated!
CRTP starts from DOFD, as does the SOL time frame for legal action against you for the debt. As for First Premier and Continental Finance, they should fall off sometime around the end of the year or in January 2015, but you might be able to ask the CRA (do not dispute, just ask) for an early exclusion on this up to 6 months before the CRTP. You might even ask now and have it removed, depending on the CRA and who you talk to. 
As for BofA, if this is the date of first delinquency on your report, this should have fallen off last year... Dispute it with the CRA reporting it, as it is outside the CRTP.
In regards to the judgment, I don't know for sure, but I think it goes for 7 years as well from the date filed (if unpaid) or the date it was paid (if paid.) I'd get confirmation on that though.
Hope this was helpfukl.
Yes, very helpful! Thanks!
@xaiduz114 wrote:BoA CC - Opened 8/2004, DOFD 4/2006, DOLD 4/2009, DOLA 4/2010, Status Updated 7/2012 Should be removed from your reports already, as ity falls outside the CRTP (credit reporting time period). Dispute it with any CRAs that have this report on file.
So, in doing some research with Transunion, I was told that this account will continue to report for 7 years from the DOLA. The rep explained to me that since this account was not a CO, and was brought current a some point, it reports like any normal TL would. She stated that if it were a CO, then the account would be past the CRTP. 
@Loques wrote:
@xaiduz114 wrote:BoA CC - Opened 8/2004, DOFD 4/2006, DOLD 4/2009, DOLA 4/2010, Status Updated 7/2012 Should be removed from your reports already, as ity falls outside the CRTP (credit reporting time period). Dispute it with any CRAs that have this report on file.
So, in doing some research with Transunion, I was told that this account will continue to report for 7 years from the DOLA. The rep explained to me that since this account was not a CO, and was brought current a some point, it reports like any normal TL would. She stated that if it were a CO, then the account would be past the CRTP.
The DOLA does not control the reporting time allowed by the FCRA, its very clear that it is 7 yrs + 180 days from the DoFD. If the account is still open or was closed in good standing then the reporting period is 7 years from the late payment.
gdale - I thought that if an account was closed in good standing it would stay on your reports for 10 years. My assumption was that the entire history might not stay on the report, for example, I have had a mortgage since 2001 but I only see 7 years of history for that trade line.
In the case where you have a tradeline that closed in good standing but may have had a late payment at some point the history I thought that late payment would fall off the CR at 7/7.5 years but the tradeline itself would stay on for 10 years from date of closure.
Does that make sense? Or did i confuse things further. Apologies, I'm not trying to hijack this thread but it looks like I still more to learn about some of the finer points of these dates too
@Loques wrote:So, in doing some research with Transunion, I was told that this account will continue to report for 7 years from the DOLA. The rep explained to me that since this account was not a CO, and was brought current a some point, it reports like any normal TL would. She stated that if it were a CO, then the account would be past the CRTP.
OK. So, DOFD (Date of First Delinquency) is the date that the account first became delinquent. However, you have to be careful with this. If the account, after it became delinquent was brought to current, then the original DOFD is not valid anymore. The original DOFD is only valid if once the account is never brought to current after being delinquent.
DOFD is the date at which the account became delinquent and was never brought to a current status after that. If you bring the account back to current, then the next time you are late (30 days or more), that becomes your DOFD. At least that is my understanding of the FCRA.
