topic Re: Tu Never Shows DOFD/Fall Off Date in Rebuilding Your Credit

Tu Never Shows DOFD/Fall Off Date

jbh — Mon, 27 Oct 2008 15:22:57 GMT

Is that legit? Why would they not report it? Just curious if you have noticed the same thing on your reports.

Re: Tu Never Shows DOFD/Fall Off Date

llecs — Mon, 27 Oct 2008 15:29:54 GMT

jbh wrote:
Is that legit? Why would they not report it? Just curious if you have noticed the same thing on your reports.

I have not pulled my TU report directly from TU in nearly a month, but it should be on there for all PRs, CAs, and most OCs. I've noticed that it is not on my non-CO'd CapOne with a 30 day and 90 day late. It also is not on my repo from Americredit. After 7 yrs from the last late the account would have shed all of its lates and converted to a good account.

Re: Tu Never Shows DOFD/Fall Off Date

jbh — Mon, 27 Oct 2008 16:03:00 GMT

Is this even allowed? As somebody with 2 unique DOFD/fall off dates with EXP/EQ, I hate to see this info missing.

Re: Tu Never Shows DOFD/Fall Off Date

Anonymous — Mon, 27 Oct 2008 16:24:23 GMT

It does show the drop off date...I just started an investigation online...with my TU report...and the drop off date was there on every nogative account...

Re: Tu Never Shows DOFD/Fall Off Date

jbh — Mon, 27 Oct 2008 16:30:30 GMT

For me, it isn't reporting at all. I have visited the backdoor a few days ago and have a print out from 10/17. It makes no sense at all to me how this can go missing.

Re: Tu Never Shows DOFD/Fall Off Date

llecs — Mon, 27 Oct 2008 18:11:30 GMT

jbh wrote:
For me, it isn't reporting at all. I have visited the backdoor a few days ago and have a print out from 10/17. It makes no sense at all to me how this can go missing.

OK, this is directly from EX or TU, right (or through the backdoor as you mentioned)?

What kind of account is this? CA? PR? Old CO (and what kind of CO)?

Re: Tu Never Shows DOFD/Fall Off Date

jbh — Mon, 27 Oct 2008 18:36:41 GMT

TU backdoor

collection account

Re: Tu Never Shows DOFD/Fall Off Date

llecs — Mon, 27 Oct 2008 19:03:10 GMT

jbh wrote:
TU backdoor

collection account

Is this CA also on EX? WOndering if the drop off date is there or not.

If it did not have the date, like on EQ, I would call them and ask when it drops off. And I'd double check by asking their version of DOFD.

IMO, I don't trust the dates. I once had a DOFD listed for 2005 on an account that was removed within the past year. If I relied on the CRA dates, I'd go nuts.

Re: Tu Never Shows DOFD/Fall Off Date

jbh — Mon, 27 Oct 2008 19:15:29 GMT

My apologies for not being clear and thank you for your time.

It shows on EXP and EQ. Well, EQ has 1 ca and shows DOFD. EXP shows fall off date for 2 and Tu shows nothing for 2 ca's.

For one of those ca's, EQ and EXP disagree. But at least they report something. I do know for a fact that none are off by 6+ months, but it's odd that TU shows nada. I thought it had to report that at all times. But I guess it is not a violation, it's just shoddy operations by them, right?

Thanks, again.

Re: Tu Never Shows DOFD/Fall Off Date

llecs — Mon, 27 Oct 2008 19:21:52 GMT

It is unusual that TU lacks the info. I don't think it is mis-reporting by the CA, otherwise EQ and EX would not show those dates too. Maybe it was a TU glitch or something. I'd probably call them.

Re: Tu Never Shows DOFD/Fall Off Date

jbh — Mon, 27 Oct 2008 19:22:37 GMT

Will do, thank you.

Re: Tu Never Shows DOFD/Fall Off Date

RobertEG — Tue, 28 Oct 2008 07:40:42 GMT

I would NEVER rely on a DOFD in my credit report.

Many creditors dont understand what DOFD is. Others know, but will update it to a later DOLA for their own purposes.

The DOFD is clearly defined in the reporting manual accepted by each CRA and provided to each creditor who subscribes for reporting to the CRA. It is in compliance with the FCRA.

The first reporting of a DOFD occurs 30 days from the due date of the bill that was not timely paid. That is a sticky date in the credit file that remains unchanged until overridden, and is stored under a separately reported code called the "FCRA Compliance Date." Very specific guidelines govern when this date can be updated.

It cannot be updated by any consecutive 60/90/120+ later delinquency in that chain. Nor can it be updated by any payments that do not bring the account back into good standing. That includes any offers to pay, CO or CA entries on the account, etc.

The DOFD/FCRA compliance date can ONLY be updated IF the account is still open, and brought back into good standing, AND then a new, first delinquency occurs in a new chain of delinquencies. Then, and only then, can an OC report an update of the old DOFD. Then the process just repeats.

So all you need to know to determine the real DOFD/FCRA compliance date that should be in your credit file are your account billing records. For any account, it is 30 days from the due date of the first bill that became delinquent in the most recent chain of delinquencies on that account.

If the CRA is reporting a different date, simply dispute it with the CRA, using your account records as support.

I think that it is a common misconception that the commercial CRs we buy constitute our credit file. They are only a summary, and often dont report many items, such as DOFD/FCRA Compliance Date, that are a part of your credit file.

As an example, the FCRA fallof date for derogs is normally 7 or 7 1/2 years, which governs what the FCRA permits most creditors to obtain from a CR generated from our credit file. However, the FCRA has an exemption for these falloff dates for any credit application that is for $150,000 or more (FCRA 605(b)), such as most mortgqge loans. Thus,they can request and receive a CR that includes prior derogs that are in your file beyond the normal 7-71/2 dropoff.

Message Edited by RobertEG on 10-28-2008 12:25 AM

Message Edited by RobertEG on 10-28-2008 12:40 AM

Re: Tu Never Shows DOFD/Fall Off Date

RobertEG — Wed, 19 Nov 2008 08:20:03 GMT

Hmmmm. Here is how you catch them.

Section 623(a)(5)(A) of the FCRA requires that a CA must report to the CRA, within 90 days of first posting a CA on your CR, their date of delinquency being used in their collection activities on the account, which "shall be the the month and year of the commencement of the delinquency on the account that immediately preceded the action." That is the DOFD with the OC, not their later CA dates.

The credit reports you get from all the commercial vendors, inccluding myFICO, are just a summary of your credit file. They dont routinely report these dates, but you can get them from the CRA,

If you want to know the DOFD that is in your credit file, you have the right to request, at any time, directly with the CRA, "all information in the consuner's file at the time of the request." FCRA 609(a)(1).

So I would send the CRA a request under section 609(a)(1) of the FCRA for the following two pieces of data embedded in your credit file:

1. The current "FCRA Compliance Date" as reported by the OC (ask for "Base Segment Field 25" entry), and

2. The date reported by the CA in compliance with FCRA under section 609(a)(1).

Both should be the DOFD with the OC. If those dates dont match, that is how you can prove illegal CA reaging of their collection activities.

Message Edited by RobertEG on 11-19-2008 12:20 AM

Re: Tu Never Shows DOFD/Fall Off Date

Anonymous — Wed, 19 Nov 2008 14:24:50 GMT

Kudos!!!

Thanks RobertEG! I have been searching through my reports and detailing every line, especially the different dates trying to figure out the fall off dates. Glad to know there is another way to get ACCURATE info.

Re: Tu Never Shows DOFD/Fall Off Date

jbh — Wed, 19 Nov 2008 19:30:23 GMT

Robert>>Thanks. I actually sent TU a dispute but didn't name that part of the FCRA. They sent back "contact the creditor" and told me to kiss off.

I know Experian reports fall off 2/11 for one of my last ca's when it should be 5/11. Love that, too! I'll send those letters if I have other issues. For now, I am focused on waiting for the 30 day dv window to expire for those 2 ca's.

PS. Actually, I'll send that anyway. Great job as usual. Remarkable find once again.

Message Edited by jbh on 11-19-2008 11:30 AM

Re: Tu Never Shows DOFD/Fall Off Date

Anonymous — Thu, 20 Nov 2008 02:10:03 GMT

that's very useful information - we should have a sticky post about the compliance date segment