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7 year dropoff?

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fatstick
New Member

7 year dropoff?

does an account actually drop off your report after 7 years? what if the account is sold to another collection company after 5 years? does that restart the clock?


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Current Score: 558TU, 600EQ
Goal Score: 850

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pizzadude
Credit Mentor

Re: 7 year dropoff?


@fatstick wrote:

does an account actually drop off your report after 7 years? what if the account is sold to another collection company after 5 years? does that restart the clock?


CO and Collection accounts drop at 7 - 7.5 years from the DOFD of the original accounts.    Nothing can reset the clock for the Credit Reporting Time Period ( CRTP ).

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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fatstick
New Member

Re: 7 year dropoff?

ty!


Starting Score: 558TU,600EQ
Current Score: 558TU, 600EQ
Goal Score: 850

Take the myFICO Fitness Challenge

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