Re: What is the appropriat
e status for a paid/close d installmen t account?
09-11-2012 02:39 PM
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.