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Not sure if this would be the right section, but here goes...
I have a Charge-off from Hyundai and want to know when I can have the Credit Bureaus remove this from my credit? Here is the info on my Equifax report (I don't know if it's different on the other two).
Account Number: | Status: | CHARGE-OFF | |
Account Owner: | Co-maker | High Credit: | |
Type of Account : | Installment | Credit Limit: | |
Term Duration: | 72 Months | Terms Frequency: | Monthly (due every month) |
Date Opened: | 11/24/2004 | Balance: | $280 |
Date Reported: | 09/24/2012 | Amount Past Due: | $280 |
Date of Last Payment: | 08/2007 | Actual Payment Amount: | |
Scheduled Payment Amount: | $384 | Date of Last Activity: | N/A |
Date Major Delinquency First Reported: | 08/2006 | Months Reviewed: | 20 |
Creditor Classification: | Activity Designator: | N/A | |
Charge Off Amount: | $861 | Deferred Payment Start Date: | |
Balloon Payment Amount: | Balloon Payment Date: | ||
Date Closed: | Type of Loan: | Auto | |
Date of First Delinquency: | 02/2006 | ||
Comments: | Charged off account |
81-Month Payment History
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2012 | * | * | * | * | * | * | * | * | ||||
2011 | * | * | * | * | * | * | * | * | * | * | * | * |
2010 | * | * | * | * | * | * | * | * | * | * | * | * |
2009 | * | * | * | * | * | * | * | * | * | * | * | * |
2008 | * | * | * | * | * | * | * | * | * | * | * | * |
2007 | * | * | * | * | * | * | * | * | * | * | * | * |
2006 | * | * | 30 | 30 | * | 30 | 60 | * | * | * | * | * |
2005 | * |
@dciples wrote:Not sure if this would be the right section, but here goes...
I have a Charge-off from Hyundai and want to know when I can have the Credit Bureaus remove this from my credit? Here is the info on my Equifax report (I don't know if it's different on the other two).
Account Number: 2004120155XXXX Status: CHARGE-OFF Account Owner: Co-maker High Credit: Type of Account : Installment Credit Limit: Term Duration: 72 Months Terms Frequency: Monthly (due every month) Date Opened: 11/24/2004 Balance: $280 Date Reported: 09/24/2012 Amount Past Due: $280 Date of Last Payment: 08/2007 Actual Payment Amount: Scheduled Payment Amount: $384 Date of Last Activity: N/A Date Major Delinquency First Reported: 08/2006 Months Reviewed: 20 Creditor Classification: Activity Designator: N/A Charge Off Amount: $861 Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: Type of Loan: Auto Date of First Delinquency: 02/2006 Comments: Charged off account 81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 * * * * * * * * 2011 * * * * * * * * * * * * 2010 * * * * * * * * * * * * 2009 * * * * * * * * * * * * 2008 * * * * * * * * * * * * 2007 * * * * * * * * * * * * 2006 * * 30 30 * 30 60 * * * * * 2005 *
If the report is accurate and this is your charge off, it will remain in your report for 7 years.
You may try to contact HMFC and see is you pay the charge off if they will delete the trade line.
@dciples wrote:
7 years feom what date on this report? And yes it is unfortunately accurate.
Most probable scenario, it will drop off your report 7-7.5 years from the DOFD, which is listed at 02/06.....so somewhere in the neighborhood of 02/13 and 08/13, but you might get a break and have it fall off earlier. YMMV and the CRA's can be a bit inconsistent.
Did you bring the loan current in May of 2006 or are they just not reporting a 30 day late then? If you brought it back current, that resets the time period for when you count for deletion.
@dciples wrote:Not sure if this would be the right section, but here goes...
I have a Charge-off from Hyundai and want to know when I can have the Credit Bureaus remove this from my credit? Here is the info on my Equifax report (I don't know if it's different on the other two).
Account Number: 2004120155XXXX Status: CHARGE-OFF Account Owner: Co-maker High Credit: Type of Account : Installment Credit Limit: Term Duration: 72 Months Terms Frequency: Monthly (due every month) Date Opened: 11/24/2004 Balance: $280 Date Reported: 09/24/2012 Amount Past Due: $280 Date of Last Payment: 08/2007 Actual Payment Amount: Scheduled Payment Amount: $384 Date of Last Activity: N/A Date Major Delinquency First Reported: 08/2006 Months Reviewed: 20 Creditor Classification: Activity Designator: N/A Charge Off Amount: $861 Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: Type of Loan: Auto Date of First Delinquency: 02/2006 Comments: Charged off account 81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 * * * * * * * * 2011 * * * * * * * * * * * * 2010 * * * * * * * * * * * * 2009 * * * * * * * * * * * * 2008 * * * * * * * * * * * * 2007 * * * * * * * * * * * * 2006 * * 30 30 * 30 60 * * * * * 2005 *
7 years + 180 days from the date in red. The DOFD. So 08/2013 and you should be good to go.
My name is Richard Kirkreit and I am the CARE Manager at Hyundai Motor Finance’s corporate office. I look forward to assisting you with any concerns you have. When you have a moment, please contact me at (949) 732-2857. I can be reached Monday-Friday, 7AM-4PM Pacific Time.”
Why would I contact you Mr. Kirkreit? So you can update my report to current and have this start as a new collections? I don't think so. Thanks anyways.
@dciples wrote:Why would I contact you Mr. Kirkreit? So you can update my report to current and have this start as a new collections? I don't think so. Thanks anyways.
@Anonymous wrote:My name is Richard Kirkreit and I am the CARE Manager at Hyundai Motor Finance’s corporate office. I look forward to assisting you with any concerns you have. When you have a moment, please contact me at (949) 732-2857. I can be reached Monday-Friday, 7AM-4PM Pacific Time.”
Did you just blow off an executive that offered to help you?