Length of time before charge-off

[Anonymous]

My reports show that BofA didn't charge-off my account for 2 years, as a result, my reports show

1 1/2 years of 180 lates each month!!  Is there a set time that creditors can hold an account and report lates like that before they charge it off?

[Anonymous]

Scoring wise- FICO sees charge off and the date - it does not even pay attention to the lates- 

There are standards to CO - but nothing legaly binding to when they must charge to profit and loss. 

They can however report CO every month until CRTP.

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vankat wrote:

My reports show that BofA didn't charge-off my account for 2 years, as a result, my reports show

1 1/2 years of 180 lates each month!!  Is there a set time that creditors can hold an account and report lates like that before they charge it off?

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[Anonymous]

thank you!  i'm not seeing a date charged off on my equifax, just status of charge-off.  I writing my dispute with them now, there are so many inaccuracies and info not reporting it's crazy.