https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/neg-reporting/m-p/69973#M9808 <DIV><BR />(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action. </DIV> <DIV>&nbsp;</DIV> <DIV><A href="http://www.ftc.gov/os/statutes/fcra.htm" target="_blank">http://www.ftc.gov/os/statutes/fcra.htm</A> </DIV> <DIV>&nbsp;</DIV> <DIV>In legalese, that means that an account reports 7.5 years from the date it goes bad, period. Paying shouldn't reset it. <BR /></DIV> Fri, 21 Sep 2007 14:50:18 GMT Tuscani 2007-09-21T14:50:18Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/neg-reporting/m-p/69928#M9803 <DIV>Can someone answer this question....</DIV><DIV>&nbsp;How long can a neg mark stay on your report? I know the 7.5 years....but is this 7.5 years after the DLA or charge off date? Also can a collection company pick up the account and continue reporting over the 7 years date?</DIV> Fri, 21 Sep 2007 10:33:16 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/neg-reporting/m-p/69928#M9803 chrissy122g 2007-09-21T10:33:16Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/neg-reporting/m-p/69973#M9808 <DIV><BR />(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action. </DIV> <DIV>&nbsp;</DIV> <DIV><A href="http://www.ftc.gov/os/statutes/fcra.htm" target="_blank">http://www.ftc.gov/os/statutes/fcra.htm</A> </DIV> <DIV>&nbsp;</DIV> <DIV>In legalese, that means that an account reports 7.5 years from the date it goes bad, period. Paying shouldn't reset it. <BR /></DIV> Fri, 21 Sep 2007 14:50:18 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/neg-reporting/m-p/69973#M9808 Tuscani 2007-09-21T14:50:18Z