Equifax Early Exclusion

[boelshine]

On my Equifax report, I have a closed credit card account with a DOFD of 12/1/2015. The account has already been removed from my Experian and Transunion reports. When can I expect Equifax to delete it from my report? I know they technically have 7.5 years from the DOFD, but I thought Equifax excluded negative information 6 years and 11 months after the DOFD?

[GZG]

---

@boelshine wrote:

On my Equifax report, I have a closed credit card account with a DOFD of 12/1/2015. The account has already been removed from my Experian and Transunion reports. When can I expect Equifax to delete it from my report? I know they technically have 7.5 years from the DOFD, but I thought Equifax excluded negative information 6 years and 11 months after the DOFD?

---

Closed and Charged off?

Mine with the same DoFD was removed Nov 1st.

But my other CO from earlier, was removed 2 months early as opposed to 1 month early on EQ. 

I bet the 'actual' dofd is different than the boilerplate 'start of the month' dofd is listed so that's why there's differences in when automatic EE actually occurs.

[boelshine]

Yes, it's a charged-off account. I wonder if disputing the account due to its age could help get it deleted faster since it's already 6 years and 11 months after the DOFD. I also wonder if the DOFD is always the 1st of the month. Maybe the creditors only report the month and year of the delinquency and it defaults to the 1st.

[GZG]

---

@boelshine wrote:

Yes, it's a charged-off account. I wonder if disputing the account due to its age could help get it deleted faster since it's already 6 years and 11 months after the DOFD. I also wonder if the DOFD is always the 1st of the month. Maybe the creditors only report the month and year of the delinquency and it defaults to the 1st.

---

do not poke that bear, esp if unpaid

it will fall off next month or in the middle of this month + no grounds for it to be disputed, it's still valid to be on there

[boelshine]

Out of curiosity, what is the harm of disputing the account if the statute of limitations has already run and the account is scheduled to drop off my report soon? I just want the creditor to verify the actual DOFD. Even if the creditor re-aged the account, that wouldn't change the DOFD, so what is the risk in "poking the bear"?

[Adkins]

---

@boelshine wrote:

Out of curiosity, what is the harm of disputing the account if the statute of limitations has already run and the account is scheduled to drop off my report soon? I just want the creditor to verify the actual DOFD. Even if the creditor re-aged the account, that wouldn't change the DOFD, so what is the risk in "poking the bear"?

---

Equifax is an odd duck, and the one CRA that doesn't seem to delete negatives early. I contacted both TU and EX for early exclusion for my negatives but left EQ alone because I've seen quite a few posts about poeple asking and then their account getting updated with the wrong DOFD date, which was actually longer than it should have been so the negative stayed longer. EQ is a mess right now, IMO, and I wouldn't poke that bear - but that's just me. 

[Adkins]

Poking the bear and potentially updating the account makes FICO notice the debt looks more new, so it will age it as new, and you'll lose more points. An older debt costs less points. 

[boelshine]

Update: I contacted the collection agency and they informed me that the DOFD is 12/27/2015.

So maybe it's set to drop off on 11/27/2022?

[boelshine]

A collection agency is continuing to report a charge-off, with a DOFD of January 2016. The charge-off should drop off of my Equifax report by January 2023 per the FCRA (Though they technically have 7.5 years). What if Equifax removes the charge-off due to age and then the collection agency reports it again? Could it reappear on my report, given it has not been 7.5 years since the DOFD? Finally, does the FCRA also prevent collection agencies from reporting negative information to the credit bureaus after 7.5 years?

[FireMedic1]

Everything associated with that account goes away once the DoFD has been met. After that and if the CA still exist. Then that calls for a dispute.