topic Re: collection in Understanding FICO® Scoring

collection

Anonymous — Mon, 08 Sep 2008 13:00:21 GMT

How long does a collection stay on your report? I've disputed it already, but it's still on there. I've heard it "drops off" after a certain amount of time...anyone know how long that is? Or will it be on there forever?

Re: collection

Anonymous — Mon, 08 Sep 2008 15:13:30 GMT

7 years.

Re: collection

MidnightVoice — Mon, 08 Sep 2008 15:18:36 GMT

from the date of first delinquincy

Re: collection

Anonymous — Mon, 08 Sep 2008 15:26:48 GMT

So, it says "date assigned: June 2003" and "date reported: Sept 2005". It would be 7 years from June 2003?

Message Edited by calirobot on 09-08-2008 08:26 AM

Re: collection

llecs — Mon, 08 Sep 2008 15:48:09 GMT

calirobot wrote:
So, it says "date assigned: June 2003" and "date reported: Sept 2005". It would be 7 years from June 2003?

Message Edited by calirobot on 09-08-2008 08:26 AM

Neither. You'd want to find DOFD. If it isn't listed, try pulling your report directly from the CRA. If on TU or EX, then you may see an "estimated date for removal". That is the month and year that this will be removed. If you ever wanted to know DOFD, then subtract 7 yrs from that date. Your DOFD would be before 6/2003, possibly months before depending on the debt and the OC.