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When Does a BADDIE Drop Off Exactly?

tag
Anonymous
Not applicable

When Does a BADDIE Drop Off Exactly?

 Charged Offf Account/BadDebt/Collection

Date Opened March 2002.

Date of Last Activity April 2002.

30 Days Late May 2002

60 Days Late June 2002.


 

So will this drop off on the 7th anniverrary frm the date of last activity which is April 2009. Or will it be sort of a rolling coming off like in May 2009 the 30 day will drop off, then June 2009 the 60 day will drop off?

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llecs
Moderator Emeritus

Re: When Does a BADDIE Drop Off Exactly?


dfgdfgdfgadfg wrote:

 Charged Offf Account/BadDebt/Collection

Date Opened March 2002.

Date of Last Activity April 2002.

30 Days Late May 2002

60 Days Late June 2002.


 

So will this drop off on the 7th anniverrary frm the date of last activity which is April 2009. Or will it be sort of a rolling coming off like in May 2009 the 30 day will drop off, then June 2009 the 60 day will drop off?


 

It is 7-7.5 yrs from DOFD, not DOLA. If you never recovered, then DOFD is likely when the first 30 day late appeared, or 5/2002.

 

Looks like this is an OC account. It could either disappear around 5/2009 or the lates would roll off, like you said. The CO reference in the account discription should come off then too.

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