topic Re: Help with DOFD in General Credit Topics

Help with DOFD

BeakerLV — Fri, 26 Apr 2024 01:38:45 GMT

So I have 4 accounts from commenity bank

the last payment for the accounts was back in February 2017. I didn't make any other payments after that. Those accounts didn't get charged off and sold to Portfolio Recovery till September of 2018. Would my date of first deliquency be march 2017? I tried getting the accounts removed from my reports since it's been 7 years but the CRAs say that everything is reporting correctly. Portfolio recovery says that the 7 years starts from when they got the account in September 2018.

Re: Help with DOFD

JoeRockhead — Fri, 26 Apr 2024 01:59:49 GMT

The DOFD would be the first late payment in the string of lates that led to the CO. Doesn't matter when they got the collection.

Re: Help with DOFD

SouthJamaica — Fri, 26 Apr 2024 12:10:13 GMT

@BeakerLV wrote:
So I have 4 accounts from commenity bank
the last payment for the accounts was back in February 2017. I didn't make any other payments after that. Those accounts didn't get charged off and sold to Portfolio Recovery till September of 2018. Would my date of first deliquency be march 2017? I tried getting the accounts removed from my reports since it's been 7 years but the CRAs say that everything is reporting correctly. Portfolio recovery says that the 7 years starts from when they got the account in September 2018.

You are right that the date of first default would have been when the first late showed up, which is presumably March 2017. So since the bureaus and Portfolio Recovery are both wrong, I would file a complaint with the CFPB.

Re: Help with DOFD

bluenote-lp — Mon, 29 Apr 2024 23:25:28 GMT

The last date would be March 2017,therefore they are in violation of the law, Portfolio is a AWFUL company that loves to ruin peoples credit,looks like they have not learned their lession from a previos lawsuit where they had to pay up for doing the same violations and more.Do not let them get away with this.

https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-portfolio-recovery-associates-to-pay-more-than-24-million-illegal-debt-collection-practices-reporting-violations/

Re: Help with DOFD

Iusedtolurk — Wed, 01 May 2024 04:00:18 GMT

@BeakerLV wrote:
So I have 4 accounts from commenity bank
the last payment for the accounts was back in February 2017. I didn't make any other payments after that. Those accounts didn't get charged off and sold to Portfolio Recovery till September of 2018. Would my date of first deliquency be march 2017? I tried getting the accounts removed from my reports since it's been 7 years but the CRAs say that everything is reporting correctly. Portfolio recovery says that the 7 years starts from when they got the account in September 2018.

@BeakerLV Going with Portfolios way of thinking if they just got the account last month the 7 years would have started March of 2024 (laughable). The DOFD is the date when the negative began for that account.