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Which Date should I be going by?

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esmer0924
Regular Contributor

Which Date should I be going by?

Which date should I be going by on my American Honda Finance results from my dispute?

 

Date of 1st Delinquency - 9/2007

 

Date Major Delinquency 1st Reported - 2/2008

 

Date of last payment - 5/2008 - (I made no payment at this time it is a repossession)


Starting Score: 672 TU, 669 EQ, 659 EX FAKO(10/3/11)
Current Score: 786 TU FICO(5/23/14), 758 EQ FICO (8/01/14), 811 EX FICO (5/26/14)
Goal Score: 720+

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Message 1 of 20
19 REPLIES 19
DaBears
Senior Contributor

Re: Which Date should I be going by?


@esmer0924 wrote:

Which date should I be going by on my American Honda Finance results from my dispute?

 

Date of 1st Delinquency - 9/2007-This is you DoFD

 

Date Major Delinquency 1st Reported - 2/2008

 

Date of last payment - 5/2008 - (I made no payment at this time it is a repossession)


 

Message 2 of 20
Shokk
Established Contributor

Re: Which Date should I be going by?

It can be a little confusing.  And I think can vary by state, at least as far as SOL is concerned.  Some of my negative lines show a DoFD of 11/08, but a last payment of 11/09.  In Texas, SOL goes by date of last payment.  However, the 30, 60 and 90 day lates start in 12/08 and continue.  No way for me to know exactly when the last payment was made.  I don't have records that far back, and that bank account has been closed for a few years.

 

Might be worth a call to the OC to see if they can verify when exactly the last payment was made.

 

Edit to add:  Date of First Delinquincy can be very misleading. If you have a few lates, get caught up and continue paying and then fall behind again (at least on my reports) the DoFD is still showing as the first time I went late.  Which is why I believe they go by date of last payment instead.

I don't know my start scores, but low 500s. 6/2013

2/19/15
EQ FAKO - 638
EX FICO - 665
TU FICO - 697
Message 3 of 20
DaBears
Senior Contributor

Re: Which Date should I be going by?

Can you post the TL so I can take a look at it. Will be better to see what's goiing on. 

Message 4 of 20
Shokk
Established Contributor

Re: Which Date should I be going by?


@DaBears wrote:

Can you post the TL so I can take a look at it. Will be better to see what's goiing on. 


Was that at me of the OP? Smiley Happy

I don't know my start scores, but low 500s. 6/2013

2/19/15
EQ FAKO - 638
EX FICO - 665
TU FICO - 697
Message 5 of 20
Burned2manybridgesB4
Valued Contributor

Re: Which Date should I be going by?

DOLP can be the day it was CO'd, it could be the day a CA bought it outright. DOFD is the key.

Message 6 of 20
Shokk
Established Contributor

Re: Which Date should I be going by?


@Burned2manybridgesB4 wrote:

DOLP can be the day it was CO'd, it could be the day a CA bought it outright. DOFD is the key.


That's what it looked like to me, but really isn't clear with my old Chase accounts.  All the others show DoLP as when the delinquincy started.  My Chase lines are very confusing.

 

Didn't meant to hijack the OPs thread, but I think its a similar question and may provide insight.

 

Another thing that's odd here is that Chase is still reporting as of 6/13, but the account is listed as sol/transferred.

 

Chase Card Services

PO Box 15298
Wilmington, DE-198505298
(800) 955-9900

Account Number: Status:CHARGE-OFF 
Account Owner:Individual Account. High Credit:$3,556  
Type of Account Revolving loans have an amount owed which varies from month to month, like a credit card.:RevolvingCredit Limit:$3,500  
Term Duration: Terms Frequency:Monthly (due every month) 
Date Opened:11/23/1995  Balance:$0  
Date Reported:06/23/2013 Amount Past Due: 
Date of Last Payment:11/2009 Actual Payment Amount:$0  
Scheduled Payment Amount: Date of Last Activity:N/A
Date Major Delinquency First Reported:06/2010 Months Reviewed:99 
Creditor Classification: Activity Designator:Transfer/Sold 
Charge Off Amount: Deferred Payment Start Date: 
Balloon Payment Amount: Balloon Payment Date: 
Date Closed: Type of Loan:Credit Card 
Date of First Delinquency:12/2009 
I don't know my start scores, but low 500s. 6/2013

2/19/15
EQ FAKO - 638
EX FICO - 665
TU FICO - 697
Message 7 of 20
Shokk
Established Contributor

Re: Which Date should I be going by?

Forgot to add the payment history.

 

YearJanFebMarAprMayJunJulAugSepOctNovDec
2013*****       
2012************
2011COCOCOCOCOCOCOCOCOCOCOCO
20106090120150COCOCOCOCOCOCOCO
200990120120120*******30
2008**********3060
2007************
2006        *30**
I don't know my start scores, but low 500s. 6/2013

2/19/15
EQ FAKO - 638
EX FICO - 665
TU FICO - 697
Message 8 of 20
Burned2manybridgesB4
Valued Contributor

Re: Which Date should I be going by?

Typically you'll see "major delinquency" after 180 days.  Your DOFD is correct since the DOLP coincides with it.

 

*edit: when you go delinquent, then catch up, then go delinquent again, the most recent delinquency is the starting point of the DOFD.

Message 9 of 20
Burned2manybridgesB4
Valued Contributor

Re: Which Date should I be going by?

OP, post your screen shot if you can, about the Honda Finance...

Message 10 of 20
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