late exclusions - multiple on a tradeline

[Revelate]

---

@Cherekas wrote:

Thanks for the reply! Experian says they will start to drop off in 2019 so that's actually nice to know, assuming the EQ and TU follows suit as well. I will hopefully have a clean file in less than 3-4 years. If I had known that closing the account by doing a consolidation sooner would help them age off sooner, I would've consolidated earlier but as long as the lates are removed soon, I guess it doesnt matter. 

---

I take it that the consolidation loan brought the accounts current?  Definite win in that case heh, otherwise it wouldn't factor into when the lates are excluded on the bureau unless I don't understand (which happens haha).

[AllCredit]

Interesting read, I litterally started looking into this last month, as I too was wondering how late payments within in an account are handled when brought current and later closed, since the lates are def not positive.  I've been requesting EEs for another tradeline, thinking I should ask while I'm on the phone when is the earliest the late payments can be removed. 

So basically DoFD understanding (and what I wrote down after research last month):

EQ: 6/10 (so 6/17?)

EX: 2/11 (2/18?)

TU 5/10 (5/17?) and 1/11 (1/18?)

Am I correct on this or do I need to go back to Negative Items 101? 

[Revelate]

---

@AllCredit wrote:

Interesting read, I litterally started looking into this last month, as I too was wondering how late payments within in an account are handled when brought current and later closed, since the lates are def not positive.  I've been requesting EEs for another tradeline, thinking I should ask while I'm on the phone when is the earliest the late payments can be removed. 

So basically DoFD understanding (and what I wrote down after research last month):

EQ: 6/10 (so 6/17?)

EX: 2/11 (2/18?)

TU 5/10 (5/17?) and 1/11 (1/18?)

Am I correct on this or do I need to go back to Negative Items 101? 

---

That's basically how it works though as Robert correctly points out "DOFD" is a misnomer but the label still sorts fits as a description; the bureaus each implemented the exclusion code a little differently but it's close enough.

I don't know that lates can be EE, that's usually for whole tradeline exclusions as I understand it and that's likely not what you want though if you can get the individual lates excluded via EE that'd definitely be interesting to know, but I am not an EE expert haha.  I'd ask over on Rebuilding if that can be done.

[AllCredit]

Okay, I just wanted to make sure I was understanding some what correctly.  And no I didn't mean to do an EE with them but since I am already calling (requesting an EE on a different account) and will have them on the phone I figure I might ask some questions regarding when the lates fall off.  Coincidentally, I pulled my EQ yesterday and noticed that some lates have started to fall off from the report I have from Feb. 2017 to now.  I had a string of lates on there from June 2010 to October 2010 the most recent EQ report is now only showing lates Sept 2010 - October 2010 (for that string of lates...of course I have some in 2011).

Thanks for the thread informative and right on time!

[Revelate]

---

@AllCredit wrote:

Okay, I just wanted to make sure I was understanding some what correctly.  And no I didn't mean to do an EE with them but since I am already calling (requesting an EE on a different account) and will have them on the phone I figure I might ask some questions regarding when the lates fall off.  Coincidentally, I pulled my EQ yesterday and noticed that some lates have started to fall off from the report I have from Feb. 2017 to now.  I had a string of lates on there from June 2010 to October 2010 the most recent EQ report is now only showing lates Sept 2010 - October 2010 (for that string of lates...of course I have some in 2011).

Thanks for the thread informative and right on time!

---

Grin.

EQ whacked my lates in chunks as well, but I had a gap in them.  What was the pattern of lates on your tradeline?  Might shed some additional light on how EQ in particular is excluding them as all 3 bureaus did something a bit different for me.

[AllCredit]

I had to dig out an old tri-merge for this!  So here is the, somewhat original breakdown:

11/09 - 30 day

12/09 - 60 day

4/10 - 10/10 - 30 day

1/11 - 3/12 - 30 day *(7/11 - 8/11 - 60 day)

[RobertEG]

DOFD only relates to the exclusion of a charge-off or a collection.

It does not apply to exclusion of monthly delinquencies.

For an account with multiple lates but no reported charge-off, the creditor does not report a DOFD, as there is none.

The first delinquency in a chain becomes a DOFD if a CO or collection is subsequently reported and the account was delinquent from the first delinquency up to the date of the CO or collection.

Each monthly delinquency becomes excluded no later than 7 years from its date of occurence.

However, as stated in prior posts, that does not prevent the CRAs from deciding to whack off an entire chain of delinquencies once the first in the chain reaches its max exclusion date.  The CRA exclusion algorithm appears to save some later processing by doing its own "early exclusion" on later delinquencies in a chain.

Just what criteria they use has not, to my knowledge, been publicly disclosed, and that type of bulk exclusion does not appear to always be done.

Bottom line is that the precise date of actual exclusion cannot always be predicted. 

All we know for sure is the latest date set under the statute after which exclusion must be made.