@Soxfan827 wrote:
Reading my credit reports has left me confused on this one Issue. I have a medical collection on my report that says>>Date Assigned-Dec. 29, 2003, Date Reported--Jan. 15, 2007, Date Paid--May 29, 2004. Why the three year difference in dates? It appears to me that this was reported 3 years after I already paid. Can you also tell me which date is the most significant date of the three? I would love for this to drop off soon since it is the only derogatory mark on my score. I can't figure out when it will drop off. Thank you in advance for any advice offered. I am hoping that the clock will at least start at the date I paid in full.
Hello and welcome to the forums.
None of those dates matters as far as when a negative entry will be removed.
Here is how and when derogs drop from you CR, and are thus no longer included in FICO scoring.
Monthly delinquencies under an OC account drop at 7 years from their individual date of delinquency. The date of first delinquency (DOFD) has nothing to do with these drop-off dates. They drop from their own individual dates. So look at each prior OC reported monthly derog date, and simply add 7 years.
If the OC subsequently reports their account as a charge off, that is a totally different and additional post to your CR. Their post as a charge-off will remain in your CR for 7.5 years from the DOFD on the OC account, which is the first 30-day delinquency you had on the account, and disregards any later 60/90+ delinquencies that followed. That cannot be reset.
If the OC then refers the account for collection, and a CA posts to your CR, the drop-off date of their collection reporting is the same as that of a CO. It is 7.5 years from the same DOFD on the OC account, and the CA cannot reset this date.
From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772
You can do the same thing with hard work
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