Fall Off Dates

[simplegirl]

I have 5 negative credit card accounts that had fall off dates but now they don't. I'm just wondering what that means for the accounts. I already know about DOFD so i know when its suppose to fall off but if the fall off date disappears does that mean after the negative are removed the accounts just turn positive or will the whole accounts be removed. All the accounts are paid already and have been paid for a year now.

Charged Off

1. Capital One previous fall off date 11/2024 now it says nothing
2. Wells Fargo fall off date 10/2024 now saying nothing
3. Discover Card fall off date 11/2024 now saying nothing
4. Comenity Overstock 10/2024 now saying nothing
5. Comenity HSN 10/2024 now saying nothing

I was just wondering if the whole accounts was disappear because without them i have a thin file and i have been good willing to get the lates removed and I'm not sure if that is the reason why since they keep denying the requests.

[IncrsCreditScore]

Will be interesting to read the thoughts of those who have much more knowledge than I do.  I am curious, too.

[Iusedtolurk]

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@simplegirl wrote:

I have 5 negative credit card accounts that had fall off dates but now they don't. I'm just wondering what that means for the accounts. I already know about DOFD so i know when its suppose to fall off but if the fall off date disappears does that mean after the negative are removed the accounts just turn positive or will the whole accounts be removed. All the accounts are paid already and have been paid for a year now.

Charged Off

1. Capital One previous fall off date 11/2024 now it says nothing
2. Wells Fargo fall off date 10/2024 now saying nothing
3. Discover Card fall off date 11/2024 now saying nothing
4. Comenity Overstock 10/2024 now saying nothing
5. Comenity HSN 10/2024 now saying nothing

I was just wondering if the whole accounts was disappear because without them i have a thin file and i have been good willing to get the lates removed and I'm not sure if that is the reason why since they keep denying the requests.

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@simplegirl   You may as well pull all your credit reports from annualcreditreport.com to see how all those accounts are referenced. You can pull a free report weekly right now (regularly once per year) due to the Pnademic issues.

All negative accounts are set to fall off 7 years and 180 days after DOFD. Although they generally fall off in 7.

I believe (anyone can correct me) if the accounts were still active the lates would drop off and the account would remain but you stated they are Charge Offs so regardless if drop off dates are shown or not shown the drop off times set still remain.

Having a thin file and a good amount of time before these negative items drop off you should take the time to add positive tradelines to your thin file.

I believe at least 5 accounts will take you out of the thin file realm.

Secured cards will help if scores are not up to unsecured approvals.

You can try Cap1 and Discover pre-approvals to see if you qualify for any offers. Also try for some easy store cards and/or a SSL loan like Selflender (now SELF) or Credit Strong they do not do hardpulls.

When your credit is bad more times than not you have to Pay the Piper to get your foot back in the door so even a credit card from Credit One Bank will help (lot of people will say stay away from credit one due to fees and such but they helped me get my feet in the door when I started my rebuild and I have had no problems with them). They have a pre-qual site also.

Hope this helps.

P.S. also check out Credit Primer one of the BEST credit helpers you will ever come across.

[simplegirl]

I know the date never changes and I have been pulling my reports almost every week. I also already have 2 cards opened one is Citibank & the other is capital one but I'm waiting to get back in with discover for my third card. I also already have 5 open student loans so I was just trying to see if I could keep all those cards as positive tradelines except the comenity ones but I guess not. I just wanted to have a better history with revolving accounts by keeping the bank cards to get better limits.

[Anonymous]

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@simplegirl wrote:

I know the date never changes and I have been pulling my reports almost every week. I also already have 2 cards opened one is Citibank & the other is capital one but I'm waiting to get back in with discover for my third card. I also already have 5 open student loans so I was just trying to see if I could keep all those cards as positive tradelines except the comenity ones but I guess not. I just wanted to have a better history with revolving accounts by keeping the bank cards to get better limits.

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If they are COs, they will mever become positive tradelines unless they changed the status to paid as agreed and then the lates age off one at a time. Under no circumstances are those accounts helping you. They need to be gone ASAP. Age will not help and there are no limits if they are CO'd/closed, doesn't matter. COs do not "thicken" your file, either. While age is there, it is still entirely weighted down by the CO status.

Where are you seeing the "age off dates disappeared" straight from annual credit report? Which bureau? All 3?

I had two negative account became positive TLs (mind you, over a decade ago when disputing still worked ok) from being disputed to death by a credit repair agency. That really just does not happen any more. They will mark you a frivolous disputer now for repeated disputes and there is zero guarantee of the status being changed. It just will not happen unless you negotiated it in the payoff.

[RobertEG]

The exclusion of adverse information from consumer credit reports is governed by FCRA 605(a), which includes several specific types of derogs and defines their respective exclusion provisions in subsections 605(a)(1) - 605(a)(4).  Those specific types include bankruptcies, civil judgments, tax liens, collections, and charge-offs.  There is no specific subsection devoted to setting the exclusion period and begin date for a monthly delinquency.

All derogs not specifically covered under subsections (1)-(4) are then covered under the catch-all provisions of subsection 605(a)(5).

That generally sets a 7 year exclusion period, but due to its generic nature, does not clearly specify what the begin date is, and does not separtely distinguish between exlusion of information reported under an account vs exclusion of an entire account.

Since the statute is broad and thus subject to interpretation, and no case law forcing uniformity of interpretation, the big-3 CRAs have developed their own separate interpretation of the exclusion of monthly delinquencies regarding the begin date of the 7 year period as well as whether exclusion then applies to only the reported delinquencies, or extends to the entire account.

In general terms, EX has the most favorable interpretation, as they exclude all monthly delinquencies in the same string at 7 years from the date of first delinquency.  If the account is not still delinquent when the 7 year period is reached, they exclude the delinquencies, and the account remains  without the delinquencies.  However if the account remains delinquent when the exclusion period is reached, they exclude the entire account based on their interprettion that they can no longer include the adverse reporting of current status as delinquent based on the provision of subsection 605(a)(5).

EX provides a detailed discussion of their policy regarging exclusion of monthly delinquencies and of entire accounts in blog posts on their web page.

The other two CRAs interpret the general exclusion provisions of the FCRA to mandate exclusion of monthly delinquencies individually at 7 years from their individual month/yr of reported delinquency.

Charge-offs are a bit different, as they have a clearly-defined exclusion date per FCRA 605(a)(4), as modified by 605(c), that mandates no reference to a CO can remain past 7 years plus 180 days from the DOFD.  Thus, if a monthly delinquency status is reported as CO, then exclusion MUST then be based only on DOFD.  That exclusion is uniform with all the CRAs

[simplegirl]

I know that COs hurt the entire time that is why I have been trying to get a goodwill removal and I know that the limits are moot. The only two CRAs that would show fall off dates is TransUnion & Experian but I'm getting the information from Experian report. I know negative accounts don't thicken my file that's not what I meant by thicken. I know that some said paid was a charge off and the comenity ones just say charge off as their last status. I was wondering because 10 accounts are closed on my report and only 1 is positive so from what I'm reading the other 9 tradelines will be completely removed. So thanks for the help.