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When will this paid collection drops off?

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Red1Blue
Super Contributor

When will this paid collection drops off?

This is what I see in the collections section on my EQ/MyFico report. When can I expect this paid collection to drop off my CR?

 

Date assigned [?] Feb 01, 2005 Date reported [?] May 01, 2008 Date last active [?] Jan 01, 2005
Message 1 of 4
3 REPLIES 3
RobertEG
Legendary Contributor

Re: When will this paid collection drops off?

None of those dates.  Collections, paid or unpaid, drop off at 7 1/2 years from the date of first delinquency on the original OC account, pursuant to FCRA 605(c).  The dates reported on the CA account are meaningless.
Message 2 of 4
Red1Blue
Super Contributor

Re: When will this paid collection drops off?

How would I know the date of first delinquency? It should be earlier than the collection date right? Can I expect it would fall off sooner than the posted collection date + 7 1/2 years?
Message 3 of 4
BungalowMo
Senior Contributor

Re: When will this paid collection drops off?

Concord...do you have the info from the OC?  Are they reporting on your CRA's?  Who's the CA?
BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 4 of 4
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