Is the "date opened" the same as....

pipergirl71 · ‎08-15-2010

The Date of First Delinquency?

I purchased Fico's Score Watch and pulled my Equifax report, and I'm trying to figure out when some of these derogs will fall off my credit report.

It seems like I saw somewhere, though now I can't remember where!, a DOFD, but I can't remember which site I got that info from, but I guess it wasn't FICO.

Anyway, TIA!

EQ 702

Anonymous · ‎08-15-2010

DoFD is date of first delinquency. This is the date used to determine when something falls off your report. It is the date you were late and never brought the account current again.

Date opened has no meaning to anything on your report. This is the date the CA received the account from the OC.

If you are looking at an OC account, date opened is the date you started credit with them.

AndySoCal · ‎08-15-2010

The date open is the date when you opened the account with the original creditor. Or it is the date an account was opened at a collection agency. This adate is useful in figuring your avergage age of account. If you have collection accounts the one(s) the were most recently opened are having a greater impact on your credit score.

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Anonymous · ‎08-15-2010

@AndySoCal wrote:
The date open is the date when you opened the account with the original creditor. Or it is the date an account was opened at a collection agency. This adate is useful in figuring your avergage age of account. If you have collection accounts the one(s) the were most recently opened are having a greater impact on your credit score.

The date opened by a CA has no impact on your score whatsoever. It is the date reported that impacts your score.

AndySoCal · ‎08-16-2010

Guiness, Do you have link on the source of the date opened vs date reported on the impact of the collection account.?

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Anonymous · ‎08-16-2010

@AndySoCal wrote:
Guiness, Do you have link on the source of the date opened vs date reported on the impact of the collection account.?

I'll look for one and let you know.

The date opened never changes. If you were to go back and look at old reports that date should be the same. Date reported or status date is what changes.

AndySoCal · ‎08-17-2010

Let me clrify what I was interested in is FICO using the date reported and not the date opened collection accounts for recentcy of the account for the FICO score.

FIC Scores XPN v8 808 V2 831 (SDFCU) TUC V 8 803 03/25 EFX Bankcard v8 822 EFX FIC0 v8 800 Vantage score 4.0 817 via JC Penney )
JC Penney 10/2008 4700, US Bank Cash 08/2010 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 25,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 08/23/2024 Langley FCU Signature Cash Back Visa 10000
Banking: Langley FCU Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican State CU Red-stone FCU Hughes FCU
My personal blacklist Axos Bank, Bank of America, Synchrony Bank Capital One TD Bank Comerica Bank BMO

Anonymous · ‎08-18-2010

@AndySoCal wrote:
Let me clrify what I was interested in is FICO using the date reported and not the date opened collection accounts for recentcy of the account for the FICO score.

Yes, FICO uses the date reported not the date opened.

AndySoCal · ‎08-18-2010

What is the source of FICO using the date reported not the date opened for date reported for collection accounts?

FIC Scores XPN v8 808 V2 831 (SDFCU) TUC V 8 803 03/25 EFX Bankcard v8 822 EFX FIC0 v8 800 Vantage score 4.0 817 via JC Penney )
JC Penney 10/2008 4700, US Bank Cash 08/2010 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 25,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 08/23/2024 Langley FCU Signature Cash Back Visa 10000
Banking: Langley FCU Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican State CU Red-stone FCU Hughes FCU
My personal blacklist Axos Bank, Bank of America, Synchrony Bank Capital One TD Bank Comerica Bank BMO