Epic Contributor
Posts: 25,582
Registered: ‎03-19-2007
Re: LVNV Funding

Delinquencies on OC accounts have different exclusion dates than charge-offs and collections.

And the CRA might exclude OC account derogs earlier than their maximum inclusion dates.

So one is not directly related to the other.


A collection can remain for up to 7 years plus 180 days from the DOFD on the OC account. 

Until that date has passed, the collection can remain.  Once that max period has expired, if the CRA is still including it in CRs they issue, the proper procedure is to send a letter of complaint to the CRA for their violation of FCRA 605(a)(4) and 605(c).