topic Re: Issue with DOFD in Rebuilding Your Credit

Issue with DOFD

Breakthecycle2 — Wed, 24 Mar 2010 15:43:18 GMT

Ok, some of you know I have an issue with NCO. They seem to have reaged an account. I just sent them a DV, attaching a previous credit report. The OC's negative mark has been deleted already, now NCO is reporting. The DOFD is 12/2003, but on that old credit report, it says "date of last payment: 10/2006". What does this mean? I have not paid anything since 2004.

Re: Issue with DOFD

Anonymous — Wed, 24 Mar 2010 16:26:12 GMT

If the DoFD is still 2003 the account has not been reaged.

Re: Issue with DOFD

Breakthecycle2 — Wed, 24 Mar 2010 16:27:58 GMT

@Anonymous wrote:
If the DoFD is still 2003 the account has not been reaged.

It has because NCO has now placed this on my credit report with a fall off date of 2013.

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 00:42:28 GMT

Anyone know?

Re: Issue with DOFD

Anonymous — Thu, 25 Mar 2010 00:51:04 GMT

I believe the TL can stay on for 10 years...

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 00:57:56 GMT

10 years? Why?

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 00:58:22 GMT

The one from the OC disappeared already.

Re: Issue with DOFD

Anonymous — Thu, 25 Mar 2010 01:01:32 GMT

@Anonymous wrote:
I believe the TL can stay on for 10 years...

Only closed accounts in good standing stay for 10 years.

Re: Issue with DOFD

Anonymous — Thu, 25 Mar 2010 01:04:24 GMT

@Breakthecycle2 wrote:

@Anonymous wrote:
If the DoFD is still 2003 the account has not been reaged.

It has because NCO has now placed this on my credit report with a fall off date of 2013.

You would need to post the account exactly as shown on your credit report. As I said it is showing a DoFD of 2003 the fall off date is 2010.

I can't tell without looking at it.

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 01:38:52 GMT

I can't because it already fell off.

But it says:

DOFD: 10/2003

This is scheduled to stay on record until 11/2010

Date of last payment: 10/2006

Re: Issue with DOFD

Anonymous — Thu, 25 Mar 2010 01:49:32 GMT

I was talking about the NCO account. Is it on your CR?

That is the TL I want to see.

File complaints with the BBB, your state AG and the FTC. Be very detailed in the complaint form. Each one gives you 4000 - 8000 words to type.

Attach copies of the old report and the new one showing what NCO did. If you cannot attach them, make copies and mail them to each place. I would send the CMRRR to play it safe.

Re: Issue with DOFD

TimeOnMySide — Thu, 25 Mar 2010 01:48:51 GMT

@Breakthecycle2 wrote:
I can't because it already fell off.

But it says:

DOFD: 10/2003

This is scheduled to stay on record until 11/2010

Date of last payment: 10/2006

This is the NCO acct right? Because the OC fell off you're saying? Where did you see the fall off date was 2013? The info you posted above says 2010 as it should according to the DOFD.

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 01:50:46 GMT

Here is from Experian:

NCO FIN/09
Account Number:	2174XXXX
Acct Type:	Collection Department / Agency / Attorney
Acct Status:	Closed
Monthly Payment:
Date Open:	2/1/2010
Balance:	$6,122.00
Terms:	1 Month
High Balance:
Limit:
Past Due:	$6,122.00
Payment Status:	Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department
Comments:

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 02:01:39 GMT

Here is TransUnion:

POB 7216
PHILADELPHIA , PA 19101
(800) 709-8625

Balance:

$6,122

Date Updated:

03/2010

Original Balance:

$6,122

Original Creditor:

AMERICAN HONDA FINANCE CORP

Past Due:

>$6,122<

Pay Status:

>Collection Account<

Account Type:

Open Account

Responsibility:

Individual Account

Loan Type: Collection Agency Attorney

Remark:

>Placed for collection<

Date placed for collection: [ 02/2010]

Estimated date that this item will be removed: 09/2013

Re: Issue with DOFD

RobertEG — Thu, 25 Mar 2010 04:55:46 GMT

Your DOFD has nothing to do with what any CA reports, any date of payment activity with either the OC or a CA, or the date it was placed for collection. It all goes back to only the OC account, and your DOFD on that account.

Congress amended the FCRA back in 1998 to clarify this very issue. A CA cannot reset your DOFD, period,

The only date that matters for credit reporting of a CA is the one, date certain that you first became 30-days delinquent on the OC account before any collection activuity commenced. FCRA 605(c).

Push all CA reporting to the side. CA reporting is irrelevant as it relates to your DOFD and credit report deletion date.. Lay out your OC account records. Find the last chain of any delinquencies that preceded the reporting of the CA. Then find the singular date of your first (usually 30-day) reported delinquency in that chain that preceeded the CA. That is your legal DOFD. Any CA must fall from credit reporting after 7 1/2 years from that date-certain.

What a CRA may tell you about projected DOFD dates is often inaccurate. Use your own OC account records as legal proof.

Once you have passed 7 1/2 years from the DOFD on the OC account, it is therafter illegal for any CRA to include reporting of the CA in any CR they issue. FCRA 605(a)(4), as clarified by FCRA 605(c).

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 15:52:35 GMT

So Just to clarify, does this mean from the very first date I was 30+ days late? Meaning, say I was late on 2/2002 and then wasn't late again until 12/2003. Which date would start the clock?

Re: Issue with DOFD

Anonymous — Thu, 25 Mar 2010 16:00:54 GMT

The first date you were late and never caught up. I.E., if you were 30 days late on the payment due 12/2003 and never caught up, 12/2003 would be your DoFD.

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 16:13:27 GMT

@Anonymous wrote:
The first date you were late and never caught up. I.E., if you were 30 days late on the payment due 12/2003 and never caught up, 12/2003 would be your DoFD.

Ok, that's what I thought. Thanks!

Re: Issue with DOFD

Anonymous — Thu, 25 Mar 2010 16:41:58 GMT

You have always said the DoFD was 2003 and your old reports show it.

Now, file complaints with the BBB, your states AG and the FTC.

I would also send NCO and ITS letter telling them they have 15 days to correct their violation or you will take them to court. Only send it if you intend to follow through with it.

Re: Issue with DOFD

Breakthecycle2 — Thu, 25 Mar 2010 16:53:53 GMT

@Anonymous wrote:
You have always said the DoFD was 2003 and your old reports show it.

Now, file complaints with the BBB, your states AG and the FTC.

I would also send NCO and ITS letter telling them they have 15 days to correct their violation or you will take them to court. Only send it if you intend to follow through with it.

Again...great advice. I am one step ahead of you as I did all this already! Just waiting it out now!