What date is used to determine the 7 year limit of when a collections account drops off your credit history? The date assigned, date reported, balance date, date of last activity or status date? These dates are all listed under the description of the collections account. Thanks!
Re: DOFD is required to be reported to the credit reporting a...
Wow, am I confused! DOFD? Date of last activity? Date of last payment? Which is it? Just today I was told by a Sun Trust bank representative, at their credit dispute dept. that an account that was charged off on 02/2003, but reported late a year before (2/02) won't fall off until 2011, as on 9/04 I paid the charge off, in full. Now I know, following the birth of my disabled child, I was late a few times, since 1997, and the loan -- an unsecured home improvement loan, taken out in 1987, with a term of 180 months, was drug out all these 10 long years, due to my attempts to pay, and eventual payment in full. This charge off, regardless of the fact that it was paid, continues to knock my credit to bits -- 30 points off just this week when Sun Trust updated and in spite of reporting it "paid charge off" they also report continuing payments being made on the account from the year 2000-March 2007!!! Equifax, Experian and Transunion, therefore, drop my score significantly each and every time Sun Trust updates/reports the old charge off and continuing payments. Does this make any sense to you at all? Forgive me the length of this, as I try to recreate it. Thanks.
Account number XXXXXXXXX Current Status: CHARGE OFF