topic Re: When will a charge off be removed in General Credit Topics

When will a charge off be removed

Anonymous — Sat, 29 Feb 2020 02:31:33 GMT

Closed DateOpen DateLast Activity

–	11/04/2013	–
–	08/2007	08/2007
–	03/2013	–

here are the details. Curious when to expect it to fall off my report.
Close date is 11/13
last payment is 3/13

Re: When will a charge off be removed

AllZero — Sat, 29 Feb 2020 02:37:39 GMT

Early Exclusion:

7 year (plus 180 days) mark is the DoFD exclusion date. You can request for EE Early Exclusion on your derogatory / delinquency from:

TransUnion - 6 months early.

Experian - 3 months early.

Equifax - 1 month early. I would not recommend requesting EE. Let derogatory / delinquency fall off naturally.

Call up TransUnion . Front line csr may be able to assist. If not, request to speak with a supervisor to have the delinquency / derogatory removed. You may not see a score improvement until the last late is removed. However, since EE request is a simple process might as well take advantage of it.

Re: When will a charge off be removed

thornback — Sat, 29 Feb 2020 02:43:35 GMT

If the last payment date of 3/2013 is accurate, we can assume the DOFD (Date of First Delinquency) was 4/2013, which means the account will reach its 7 year exclusion date in 4/2020 - at which point it will drop off.

You can (should) pull your reports from annualcreditreport.com to confirm. It's free to pull once per year and these reports contain the DOFD/Expected Date of Removal for derogatory accounts.

Once confirmed, follow the above Early Exclusion steps mentioned by @AllZero.

Welcome to the forums!

Re: When will a charge off be removed

M_Smart007 — Sat, 29 Feb 2020 02:44:07 GMT

Worked like a charm

Re: When will a charge off be removed

thornback — Sat, 29 Feb 2020 02:45:12 GMT

@M_Smart007 wrote:

Worked like a charm

Lolz...

Re: When will a charge off be removed

Anonymous — Sat, 29 Feb 2020 15:59:51 GMT

@M_Smart007 wrote:

Worked like a charm