The CRA does not provide any codes for, and does not seek to store, the date that a creditor took a charge-off.
It is not reported to a CRA.
When a creditor reports CO to a CRA, they are merely reporting that they have, at some prior time, taken a charge-off, and thus are reporting either the current delinquency status or a prior month's delinquency status under payment history profile, as the delinquency status of CO.
More specificly, the CRA credit reporting manual provides creditors the option of either reporting a delinquent account under the current status of the number of months of delinquency (e.g., 60-late, 90-late, etc) OR, if the debt has additionally been charged-off, simply as CO, which designates that at some prior point the creditor has taken a CO and the debt remains delinquent and is not reasonably expected to be paid.
Reporting of CO under either the current or a prior payment history profile status thus does not update the charge-off date.
It merely states that the debt was delinquent on the reported date.
Since a creditor must also report the date of first delinquency when reporting a charge-off delinquency status, the length of the delinquency period is then calculated for scoring and exclusion purposes using the period from DOFD up to the date of the reporting.
