Reply
New Member
fatstick
Posts: 4
Registered: ‎07-27-2013
0

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?


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

Take the myFICO Fitness Challenge

Moderator
pizzadude
Posts: 9,176
Registered: ‎01-28-2010
0

Re: 7 year dropoff?

[ Edited ]

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
New Member
fatstick
Posts: 4
Registered: ‎07-27-2013
0

Re: 7 year dropoff?

ty!


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

Take the myFICO Fitness Challenge


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+