topic Re: SoL - which date is used? in Rebuilding Your Credit

SoL - which date is used?

RCOH — Sun, 21 Jul 2013 15:53:53 GMT

I was looking over my EQ report I just received in the mail and it doesn't show a date items will drop off like my EX and TU reports. Is the 7 years from the 'reported' date or 'assigned' date?

Funny how even when all three have the same account's that all three reports have different dates.

Thanks in advance.

Re: SoL - which date is used?

Anonymous — Sun, 21 Jul 2013 16:26:51 GMT

It is no later than 7.5 years from the DoFD of the OC.

EQ should have a DoFD reported if pulled from annualcreditreport.com or directly from the CRA. It won't be on the one from myFICO or other 3rd party reports.

Re: SoL - which date is used?

shols44 — Sun, 21 Jul 2013 16:34:15 GMT

BTW OP...SOL (statute of limitation) has nothing to do with CRTP (credit reporting time period). The later is what guiness is refering to as 7.5 years from DoFD.

Re: SoL - which date is used?

RCOH — Sun, 21 Jul 2013 16:38:48 GMT

Thanks, I had to send in for my EQ report. It does have the DoFD listed. The report's I received online from EX and TU both have 'scheduled to continue on record until ...' but the EQ does not.

Re: SoL - which date is used?

RCOH — Sun, 21 Jul 2013 17:28:58 GMT

Got it, 7 to 7.5 for CRTP. SoL in Ohio on Medical is 15...

Re: SoL - which date is used?

Shogun — Sun, 21 Jul 2013 17:29:07 GMT

Like guiness said, only EQ will list a DOFD, TU and EX have an expected date this will fall off. You have to count 7 years +180 back to get the DOFD. For EQ, you have to count 7 years +180 days for the debt to reach the CRTP and be excluded.

Re: SoL - which date is used?

RCOH — Sun, 21 Jul 2013 17:41:52 GMT

So EQ is 7 years from DoFD +180 for CRTP?

hmm, that's longer then both EX and TU have listed as expected dates to fall off for the same account's.

Re: SoL - which date is used?

Shogun — Sun, 21 Jul 2013 17:47:28 GMT

Yes it is. And here's the explanation why.

7 years + 180 days is the "maximum" it can stay on. Many times the CRAs will remove before that, just to make sure they are adhering to the rules.

Re: SoL - which date is used?

RCOH — Sun, 21 Jul 2013 17:53:34 GMT

Looking over all three report's for the same account of $249:

TU has date to fall as11/13

EX has date to fall as 2/14

EQ would be (7+180 DoFD) 8/14

Do CA report each at different times to make it stay longer or something?

Re: SoL - which date is used?

Shogun — Sun, 21 Jul 2013 17:57:16 GMT

The CA should report the same information to each of the CRAs. The CA is not responsible for determining the CRTP, they only provide the DOFD of the debt to the CRA and the CRA in turn determines the date that it would be excluded.

I will say that there's more than 6 months different there, but I would expect that it has less than a year to go, maybe by Feb or March it should be off all 3.

Re: SoL - which date is used?

RCOH — Sun, 21 Jul 2013 18:16:14 GMT

Thanks