DOLA/DOFD Clarification

[Anonymous]

I have been reading alot of useful information on the board, however still confused about DOLA and DOFD and hoping you all can help.  Have a CAP1 chargeoff from 2001.  EQ shows DOFD of 6/2001 nothing else.  EX and TU do not have a DOLA or DOFD.  My questions are: (1) to get the approx time should fall off my report, do I take 180 days from DOFD plus 7 years and (2) If I am writing a GW letter to CAP1 to remove "early" would I reference the DOFD date or do I need to find the DOLA?  CAP1 did reissue a new card to me that has perfect payment history for the 4 years (since open). I am hoping to use that history and the date of the charge off as reasons to remove.  Thanks in advance.

[Anonymous]

Is this a paid charge off?

I only ask this as CapOne was known to issue cards even though you have a open CO with them-

Capone is also known to remove your GOOD account when you send this type of letter to them- as it is the first one they will find in a search-

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PurpleHaze wrote:

I have been reading alot of useful information on the board, however still confused about DOLA and DOFD and hoping you all can help.  Have a CAP1 chargeoff from 2001.  EQ shows DOFD of 6/2001 nothing else.  EX and TU do not have a DOLA or DOFD.  My questions are: (1) to get the approx time should fall off my report, do I take 180 days from DOFD plus 7 years and (2) If I am writing a GW letter to CAP1 to remove "early" would I reference the DOFD date or do I need to find the DOLA?  CAP1 did reissue a new card to me that has perfect payment history for the 4 years (since open). I am hoping to use that history and the date of the charge off as reasons to remove.  Thanks in advance.

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[Anonymous]

Whoa ... now that would stink.  This is a paid off charge (settled for less than full amount).   Would providing the old account number help them locate the correct one? Should I just wait until it falls off and if so, how do I calculate when it will?

[Anonymous]

TU and EX reports directly from the CRA's display drop dates-

https://annualcreditreport.transunion.com/user/returnUser.jsp

https://www.experian.com/consumer/cac/InvalidateSession.do?code=DISPUTE

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PurpleHaze wrote:

Whoa ... now that would stink.  This is a paid off charge (settled for less than full amount).   Would providing the old account number help them locate the correct one? Should I just wait until it falls off and if so, how do I calculate when it will?

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[Anonymous]

Timothy thanks for the reply, however, I regret that I do not fully understand. Here is what is on my Experian report:

Status:
 Paid,Closed/Account charged off. $684 written off.  
 Date Opened: 09/2001
Type: Revolving
Credit Limit: NA    

Date of Status: 04/2004

Terms: NA 

High Balance: $886 

Reported Since: 09/2001

Monthly Payment: $0

Recent Balance: NA  

Last Reported Date: 04/2004

Responsibility: Individual 

Recent Payment: NA  
 Account History: Charge Off as of Oct 2003 to Mar 2004, Jun 2003, Apr 2003, Jan 2003, Nov 2002, Oct 2002, Aug 2002, Jul 2002
 180 days as of Jun 2002
 150 days as of May 2002
 120 days as of Apr 2002
 90 days as of Mar 2002
 60 days as of Feb 2002
 30 days as of Jan 2002

Based on the above, would you please explain what you meant by CRA's display drop dates.  Thanks again for your patience.

[Anonymous]

Sorry- I thought EX listed drop dates- I had go and look at some old reports-

I would expect this account to be removed in Dec 2008 as the DOFD was Jan 2002.

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PurpleHaze wrote:

Timothy thanks for the reply, however, I regret that I do not fully understand. Here is what is on my Experian report:

Status:
 Paid,Closed/Account charged off. $684 written off.  
 Date Opened: 09/2001
Type: Revolving
Credit Limit: NA    

Date of Status: 04/2004

Terms: NA 

High Balance: $886 

Reported Since: 09/2001

Monthly Payment: $0

Recent Balance: NA  

Last Reported Date: 04/2004

Responsibility: Individual 

Recent Payment: NA  
 Account History: Charge Off as of Oct 2003 to Mar 2004, Jun 2003, Apr 2003, Jan 2003, Nov 2002, Oct 2002, Aug 2002, Jul 2002
 180 days as of Jun 2002
 150 days as of May 2002
 120 days as of Apr 2002
 90 days as of Mar 2002
 60 days as of Feb 2002
 30 days as of Jan 2002

Based on the above, would you please explain what you meant by CRA's display drop dates.  Thanks again for your patience.

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[Anonymous]

So for those of you who are more experienced, should I try a GW letter and see if they will remove early, or ride it out? I assume since the collection is so old, there won't be much impact once removed anyway correct?