jasimae wrote:
It's the DOFD that you should be worried about, not the DOLA.
Thanks for your comment! However, I am not concerned about the DOFD as I know that this won't change. However, I was more concerned about the DOLA because if the DOLA is updated to reflect the more recent pay-off then my score may see a dip. I have read stories on these forums that this was the case because the DOLA caused the scoring algorithms to look at the recent activity unfavorably for the charge-off if it had been several years since the charge-off had been reported.
Anyway, the opinions posted so far seem to suggest that it shouldn't affect my scores. I guess I will just have to wait and see what happens!
