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Need Expert For Correct Date of Removal (DOFD or DOFDM?)

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Anonymous
Not applicable

Need Expert For Correct Date of Removal (DOFD or DOFDM?)

Citibank card that was closed in 2005 and made subsequent payments, but was charged off 4/2009.  Paid settlement 4/2010.  TU states it will be removed 07/2012; EX states it will be removed 9/2015 and not sure about EQ, but looks like 7/2012 (?) 

 

How can I get the remove date to 07/2012 for all three CRA's?  Would it be wise to dispute, again?  It seems to have done no good and I don't want the date to get changed any later.  What is the correct date for the 7 yr removal? DOFD or DOFMD??  Thanks for your insight!

 

TU
Balance: $0
Date Verified: 02/2011
Credit Limit: $7,810
Past Due: $0
Pay Status: >Payment After Charge
Off/Collection<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 07/1993
Date Closed: 08/2005
Date Paid: 04/2010
Loan Type: Credit Card
Remark: Account information disputed by consumer
Estimated date that this item will be removed: 07/2012

 

EXP
Status: Paid in settlement. $0 written off.  

Status Details: This account is scheduled to continue on
record until Sep 2015.

This item was verified and updated on Feb 2011.
Date Opened:07/1993
Reported Since:01/1999
Date of Status:04/2010
Last Reported:04/2010
Type:Revolving Terms:NA
Monthly Payment:$0  Responsibility:Individual
Credit Limit/Original Amount:  $7,810  High Balance:$8,441
Recent Balance:NA  Recent Payment:NA
Your Statement:Account information disputed by consumer (Meets requirement
of the Fair Credit Reporting Act).
Creditor's Statement: Account legally paid in full for less
than full balance.

Account History:
Charge Off as of Apr 2009 to Apr 2010
150 days past due as of Mar 2009, May 2008
120 days past due as of Feb 2009, Jun 2008, Apr 2008
90 days past due as of Jan 2009, Mar 2008
60 days past due as of Dec 2008, Feb 2008

 

EQ

 

Account Number:442813507354XXXX Current Status:CHARGE-OFF 
Account Owner:Individual Account. High Credit:$0  
Type of Account Revolving loans have an amount owed which varies from month to month, like a credit card.:RevolvingCredit Limit:$7,810  
Term Duration: Terms Frequency:Monthly (due every month) 
Date Opened:07/1993  Balance:$0  
Date Reported:08/2010 Amount Past Due: 
Date of Last Payment:04/2010 Actual Payment Amount: 
Scheduled Payment Amount: Date of Last Activity:N/A
Date Major Delinquency First Reported:04/2009 Months Reviewed:99 
Creditor Classification: Activity Description:Paid 
Charge Off Amount: Deferred Payment Start Date: 
Balloon Payment Amount: Balloon Payment Date: 
Date Closed: Type of Loan:Credit Card 
Date of First Delinquency:08/2005 
Comments:Consumer disputes this account information,
Account paid for less than full balance  

 

Message 1 of 3
2 REPLIES 2
JagerBombs89
Established Contributor

Re: Need Expert For Correct Date of Removal (DOFD or DOFDM?)

Date of First Delinquency: 08/2005

 

Should be removed sometime between 7-7.5 years after that.  (08/2012 to 02/2013)

Message 2 of 3
RobertEG
Legendary Contributor

Re: Need Expert For Correct Date of Removal (DOFD or DOFDM?)

+1

To amplify a bit, the only date that you can rely upon out of all the dates in your three credit reports is the DOFD stated in your EQ report, and that is 8/2005.

 

The other credit reports are at the best confusing, and at the worst, incomplete.

 

Starting with the definition of DOFD, it is determined by looking only at the last chain of delinquencies prior to the charge-off, and then finding the first date of delinquency in that most recent chain.

 

Walking through your various credit reports, they show that the account was closed in 8/2005. That requries some further information.  When the account was closed, was it closed in good standing (i.e., was it delinquent at the time, or current)?  If the account was closed while delinquent, then the DOFD would necessarily have to have been no later than 8/2005.  That is what EQ reports, which indicates to me that the account was delinquent when closed.

The only way your DOFD could have been after account closure in 8/2005 was if the account was closed in good standing, and the first delinquency in the chain occured on billing statements due after account closure. 

The TU estimated CR deletion date of 7/2012 implies a DOFD of 7 years and 180 days prior, which would be 1/2005.

The TU estimated date of 7/2012 implies to me that they used 7 years from the DOFD, and not 7 years plus 180-days.  That is not a problem, since they can use a drop off date prior to the maximun date of 2/2013.

The EXP estimated date of 9/2015 implies a DOFD of 3/2008.  That could only be true if your account was closed in 8/2005 in good standing, and first became delinquent on 3/2008 after it was closed. 

 

In summary, I see no real inconsistencies in the reporting done by TU and EQ, but see a definite inconsistency with the EXP reporting.

 

Regarding how to address the apparent inconsistencies between TU/EQ reporting and EXP reporting, can you independently determine your actual DOFD?

In my opinion, it all boils down to whether the account was delinquent at the time it was closed.

Once you have nailed this down, how to address it would probably involve first sending a request to TU under FCRA 609(a)(1), and getting the actual DOFD of record that the OC reported to TU.  Once you have that reported date, if it is inaccurate, then file a direct dispute with the OC for incorrect reporting of your DOFD to TU.

 

 

 

Message 3 of 3
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