Rebuilding Your Credit

[ando35]

I thought it was seven years after your last activity. Someone here has told me that it is based on something else.

[guiness56]

7.5 years from DoFD, per FCRA.  That is for collections and COs.  Lates fall off 7 years from date of occurence.

[ando35]

Wow. That could be good news! I thought it was dola.!!!!! Thank you man.

[ando35]

But with my Bankruptcy accounts, there is no missed payments. It just says ch 7.

[guiness56]

Your BK will be there for 10 years all of the individual accounts included will stay for 7.5 from the DoFD of the account.

[ando35]

Cool. Well on Transunion it says when thery will fall off, but it doesn't say dofd, so I guess I just have to trust them

[guiness56]

Yes, TU doesn't show a DoFD, they just show a fall off date.  Only EQ uses the DoFD.

[ando35]

Ok, thanks for your help!

[Valdo12]

Do you know exactly when?

TU shows my March 2003 BK estimated to fall off February 2013.  Does that estimate mean February 1st or February 28th?

Any info on Experian?  It has estimated removal dates as well.  Inquiries drop the following month of when they occurred.  I have some January 2011 inquiries past the anniversary date still showing.  Click on them and they all say February 2013.  So, is Experian's removal date the actual month of when accounts will be removed or is it the last month that I'll see the account on the report? 

[guiness56]

They have until the end of the month.  If it says Feb 2013 they should be gone by the end of the month.