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When will a charge off be removed

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New Visitor

When will a charge off be removed

Closed DateOpen DateLast Activity

11/04/2013
08/2007
08/2007
03/2013

here are the details. Curious when to expect it to fall off my report. 
Close date is 11/13
last payment is 3/13

Message 1 of 6
5 REPLIES 5
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Super Contributor

Re: When will a charge off be removed

Early Exclusion:


7 year (plus 180 days) mark is the DoFD exclusion date. You can request for EE Early Exclusion on your derogatory / delinquency from:

TransUnion - 6 months early.

Experian - 3 months early.

Equifax - 1 month early. I would not recommend requesting EE. Let derogatory / delinquency fall off naturally.


Call up TransUnion . Front line csr may be able to assist. If not, request to speak with a supervisor to have the delinquency / derogatory removed. You may not see a score improvement until the last late is removed. However, since EE request is a simple process might as well take advantage of it.

Message 2 of 6
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Valued Contributor

Re: When will a charge off be removed

If the last payment date of 3/2013 is accurate, we can assume the DOFD (Date of First Delinquency) was 4/2013, which means the account will reach its 7 year exclusion date in 4/2020 - at which point it will drop off. 

 

You can (should) pull your reports from annualcreditreport.com to confirm.  It's free to pull once per year and these reports contain the DOFD/Expected Date of Removal for derogatory accounts. 

 

Once confirmed, follow the above Early Exclusion steps mentioned by @AllZero.

 

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Message 3 of 6
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Epic Contributor

Re: When will a charge off be removed

 

Worked like a charmSmiley Happy

 

Image result for someone is typing icon gif

popcorn eating emoticon.gif

Message 4 of 6
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Valued Contributor

Re: When will a charge off be removed


@M_Smart007 wrote:

 

Worked like a charmSmiley Happy

 

Image result for someone is typing icon gif


Lolz...

 

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 5 of 6
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Valued Contributor

Re: When will a charge off be removed


@M_Smart007 wrote:

 

Worked like a charmSmiley Happy

 

Image result for someone is typing icon gif


Smiley LOL




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