Mega Contributor
Posts: 17,456
Registered: ‎03-19-2007
Re: What is the appropriate status for a paid/closed installment account?

Dont worry about any reporting of DOFD on this account.  It is totally irrelevant.

Not having been charged-off or referred for collection, their was no requirement to have ever reported a DOFD, as it has no use.

DOFD has only one credit reporting use... the calculation of the CR exclusion period for a CO or collection.

Not having had either occur on the account, and with it now paid, you wont have either, it is academic.


While their unnecessary reporting of a DOFD is not accurate, it will never be used for anything.  If they dont change the reported DOFD, I would not hassle over it.