A lot of imprecise terms are apparently causing some confusion.
Look at it in terms, initially, not of charge-offs and collections, but rather in terms of continuing unpaid debt that resulted in those prior actions. One single unpaid debt can result in multple CR derogs reportings on the same debt.
Unpaid debt never goes away due to any reporting restrictions under the FCRA. Similarly, neither do the collections or charge-offs reprted to a consumer credit file.
They just become "cloaked."
Any OC or CA is entitled to report to your credit file, monthly, forever, at least the last status on their account. The FCRA places no restirictions on how long anyone can report to your credit file with a CRA. The FCRA also sets no dates of deletion of anything from your credit file, ever, unless its deletion is mandated by way of a succesful resolution of a dispute of the information under FCRA 611(a) or FCRA 623(a)(8)
Hence comes the imprecise, and ofter confusing, terminology of "account drop off.".
The "crediting reporting restictions" of FCRA 605 (a) and (c) simply do not apply to reportings made by an OC or debt collectior to a CRA,
They apply only to what a CRA may contiunue to include in any credit report that they issue after certain dates, such as 7 or 7 1/2 years.
This normally "cloaks" access to this information in your credit file. However, these restrictions are not absolute. Under FCRA 605(b),there are certain types of credit inquires that are totally exempt from the limtiations of FCRA 605(a), thus permitting the CRA to open up your entire CR in an issued credit report. Hence,the reason why the FCRA does not mandate deletion of information from a consumer credit file after certain dates.
"Credit reporting"dates by a credtitor are not the same as "credit report" date restictions for CR inclusion.
Of course, if an OC or CA specifically reports an account deletion to a CRA, the CRA must do so, and that does result in credit file deletion.
