I think I read somewhere in this thread that you were on the lease signed in Dec. 2001. If that is the case, if you signed the lease regardless of whether you lived there or not you are responsible for paying the rent on that lease. If no rent was paid in Jan. 2002 then that would be your DOFD. On the flip side if you signed the lease for someone to live there and they continued to pay the lease on time until 2003 and then stop paying then that would be your DOFD.
You are going to have to find the answer on that before the DOFD is determined.
If it is reporting as a revolving account, that doesn't seem to be right. Here's the kicker. I am in the same boat that you are in. I have one Neg. on my account-yep good ole "Crapital One". Everytime I get my score up to 668 or start getting close to 700, Crapital One will report-they do it every few months to hurt my score. Thank goodness it is "Suppose" to come off my CR in June 2009. I have 22 open and active accounts-owe on 11 of those accounts, the ones that are revolving accounts-CC have low balances. Open bank accounts are low bals as well. Out of all 22 accounts I have no lates with the acception of Crapital One. My CL with crapital One was $200. or $300.-I now owe them over $2100.00 all due to late fees and over limit fee's. I paid them on time every month when I opened the account for a few months-but then one day they wanted to s____ me over and I told them they world correct the problem or I wouldn't pay them a dime. Needless to say they didn't correct the problem and I didn't paid them another dime.
Everytime Crapital one reports-my score will drop down to the low 630's to middle 640's. Then I will get penilized by any accounts that are finaced by GE-my CL's will drop on them. So to the post from the man that said his wife opened a account in his name. It started with a $300.00 CL-but now the balance is way up there, it's all late fee's and over limit fee's. You can forget about fighting them because you can not win. You either tough it out for seven years or you pay them. My case-I just decisded not to pay. I don't have a problem paying anyone for something I legally owe, but I'm no idiot either.
Yes, it is hurting me as far as my FICO score goes, but every where I do business with, tells me they don't go by FICO scores anyhow, that they go by their own scoreing system and they have no problem with my credit. I have many aged accounts and no lates and that my credit report speaks for itself. Many credit companies have told me that most people that have a flaw on their CR is due to Crapital One or a company similar to them-but Crapital is the main one.
So back to the lease on your CR, if the DOFD was early 2002, then the DOTP is up and should come off by at least March/April of 2009. Sometimes they go by the DOFD or date of serous late payment meaning 60 to 90 days late. Contact the CRA's and ask them to send you a copy of the validation of the DOFD. Fight them with all you have and don't give up. As long as they continue to report, your score is going to drop.
For me-I am sure Crapital One is really pissed since it is getting close to time for it to drop off my CR's in a few months, so it is no telling what they will pull during these next three months. I'm sure they have something up their sleeve. Crapital One does not like to give up easy.
Maybe once they drop off my CR's, then maybe I will hit the 700 mark this year. It's sure been a long time waiting.
