Drop Off Date (7 years from when??)

[Anonymous]

When would a delinquency drop off my report...

Seven years after the...

1) Date Closed

2) Last Payment

I don't see the following in MyFico, but they've appeared on other reports:

1) Date Last Reported

Thank you

[Anonymous]

If it's a late payment, collection, charge off or repo, 7.5 years from DOFD (Date Of First Delinquency). Collections and charge offs are generally measured from the date it went 120 days late.

IIRC, BK7 is 10 years from discharge and BK13 is 7 years from filing.

[Tuscani]

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=2689

[Anonymous]

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Tuscani wrote:
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=2689

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According to this link, the clock starts ticking for all BKs on the filing date.  What is the significance of the discharge date?

[Anonymous]

according to this, the 'delinquency date' begins on the date of the initial missed payment. Where can i find this date on my credit report?

>>Delinquencies (30 – 180 days): Can remain seven years from the date of the initial missed payment.

Collection accounts: Remain seven years from the date of the initial missed payment that led to the collection (the original delinquency date). When a collection account is paid in full, it will be marked "paid collection" on the credit report.

Charged-off accounts: Remain seven years from the date of the initial missed payment that led to the charge off (the original delinquency date), even if payments are later made on the charged-off account.

[Anonymous]

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sely wrote:

according to this, the 'delinquency date' begins on the date of the initial missed payment. Where can i find this date on my credit report?

Check out all 3 reports and try to piece it together.  Unfortunately, they do not always label it clearly as the DOFD.  So figure out the very last date that you made a payment, and never paid again.  The next month -- your first 30-day late -- is the DOFD.  Note that if you missed a few months, paid one month, and then missed again, you restart the clock.

Sometimes it helps to try to remember what was going on in your life at the time that you started missing payments.  Were you in school? Getting divorced? Having medical bills? Lost your job? This might help you pin it down.

[Anonymous]

so if an account is in collections...both the original company listing and the collections listing should drop off  at the same time-7 years after my first missed payment to the original company, yes? If it does not drop, how can I ever prove that it should?

[Anonymous]

Yes, both should drop off at most 7.5 years after the missed payment to the OC.  Otherwise, dispute it as "outdated."

[Anonymous]

You can always call the CRAs. They store DOFD, but don't report it. However, they will tell you if you call and ask. EQ actually has a spot for it on their paper reports, but it's always been blank on the paper copies I've received.

[Anonymous]

Interesting you say this, I noticed on my report that the "re-aged" account is showing my history and the first date of delinquency was 2002, however since they re-aged by the JDB they are showing it as current for the past year????  I've disputed but I never get anywhere but frivolous!!!!