Question about tradeline dates

[Anonymous]

History-I recently paid off my defaulted student loans. First date of delinquency was 2/2012. One of the tradelines (NYHESC-nelnet) is now reporting an open date of 12/31/0000 (TU) and 12/31/1969 (EQ)  and not listed on my EX report. Is this something I should dispute-as reporting incorrectly?  My fear is waking a sleeping bear. Once the default was paid in full 90% of the lates were changed to paid. 

[RobertEG]

Are you concerned about the reporting of a collection or the OC account?

What has been reported, and thus what is being considered for exclusion, must be known before determining the relevant information pertaining to their exclusion.

An OC account open date is entirely different from the open date of a collection.

If the apparrently incorrect year 0000 is the open date of a collection, is has no relevance to credit report exclusion of the collection.

Further, DOFD only applies to the exclusion of a charge-off on an OC account or a reported collection.  It has no relevancy to the exclusion of monthly lates.

What are the specific derogs being reported, such as monthly lates, a charge-off, or a collection?

What do the open dates refer to?

[Anonymous]

I misspoke -I'm having a hard time putting what I'm asking into the correct verbiage. 

NYHESCNelnet) -  collection   

date opened - 12/31/0000

status updated 9/1/2016

Comments: paid collection

PIF-8/2016

Based on payment history boxes:

Dofd- 9/2105 

all boxes are green (paid) from 9/2012-8/2015, 2/2016, 5/2016

red boxes (not paid): 9/2015-1/2016, 3/2016-4/2016, 6/2016-8/2016

All OC tradelines:

opened-3/2006

status updated: 10/2016

all green (paid): 2/2013-9/2016

red boxes (not paid)  10/2012-1/2013

My questions are does the 12/31/0000 date mean anything to me?

Secondly - if we look at payment of collection and OC boxes they overlap - paid on one not paid on other and vice versa. Am I making sense?

[RobertEG]

The Open date of a collection is reported as the date that the debt collector acquired their collection authority.

It has no implication on your scoring. 

You can dispute to get it corrected, but it will not affect your scoring or the ultimate exclusion date ot the collection.

Collections are excluded based only on the reported DOFD.

[Anonymous]

Thank you. 

[Anonymous]

Hi Lyla.  During this season it is striking to see that you somehow got a student loan on your report belonging to the Baby Jesus, and that apparently Joseph started him in school six days after he was born.

[Anonymous]

i couldnt agree any more.  I doubt a dispute would find the humor in that. 

[Anonymous]

If you don't mind chatting about your situation in a serious way, I am curious whether "December 31" seems like the right day and month for that date.  If not, I suspect that 12/31/0000 (last day of year 0000) is a code that a creditor can use to mean "we are lacking a date for this field." 

Sometimes database administrators will make a field "required" to make sure that users of the database don't accidentally leave it blank.  But then you need a weird arbitrary value that means "We really don't have a value for this field on this record."  A very weird date like that might serve that purpose.

Unless of course you actually do have a student loan on your file belonging to the Baby Jesus.

[Anonymous]

Please excuse me if I use incorrect terms. 

I too too believe that I should be doing something about the 12/31/0000 date. Another CRA has the date listed as 12/31/1969. 10 years before I was born.  12/31 isn't close to any month/day combos of what I believe to be true. 

Between the date it supposedly started and the various overlap of pd vs unpaid I feel I should be doing something but I'm not sure what. Any insight you can provide I will appreciate. 

[Anonymous]

Take your cue from RobertEG.  He's much more knowledgeable about derog and legal issues.  I am here only for the comic relief about the Nativity.