Mega Contributor
RobertEG
Posts: 17,502
Registered: ‎03-19-2007
Re: Having trouble understanding when items will come off my credit report.

Here is how I would tackle any dispute of derogs in my CR.

Pull out all original creditor records on any disputed account debt..

First, list in chron order each reported delinquency on the OC debt while the OC account was open.

Each of these reportings can remain in your CR, under FCRA 605(a)(5), for up to 7 years from each of their individual dates of delinwuency with the OC.  DOFD is meaningless to these drop offf dates. They drop off indivuaually.

 

If a charge off (CO) or collectiion (CA) is reported, they have totally separte drop off dates.

They are based on only one single date,and that is the DOFD on the OC account. That is, under FCRA 605(c), set at 7 1/2 years from that separate date, the DOFD.

 

 

 

 

New Visitor
klpeterson
Posts: 1
Registered: ‎06-24-2009
Re: Having trouble understanding when items will come off my credit report.

How long do my closed accounts stay on my report?  I have 53 accounts and most of them are over ten years old and closed.

Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
Re: Having trouble understanding when items will come off my credit report.

klpeterson wrote:

How long do my closed accounts stay on my report?  I have 53 accounts and most of them are over ten years old and closed.


Positive accounts remain for 10 yrs from the date of closure.

 

Don't do anything to those old accounts, unless you want a score drop.

New Visitor
foxy5788
Posts: 1
Registered: ‎08-26-2011
Re: Having trouble understanding when items will come off my credit report.
 
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
Re: Having trouble understanding when items will come off my credit report.

I noticed you seem to be having some trouble posting. It is possible to edit your own post if you have posted an incomplete message. To edit your post, go to the post. To the right you'll see "Options." Click on "Options" and select "Edit Message" from the drop-down menu. If you have accidentally posted a duplicate message, you can use the “Report Abuse to a Moderator” link to asking the moderation team to remove one for you. To find this link, go to the duplicate post, click on "Options," then select "Report Abuse to a Moderator" from the drop-down menu. If you need any help with anything, let me know. Thanks for your contribution to the FICO Forums!