Per FCRA, negative accounts are to remain on your report for 7.5 years after the Date of First Delinquency (though the bureaus typically exclude after 7 years). The Date of First Delinquency (DOFD) is the date the account first became delinquent (late) and was never brought current, leading to it being closed and placed in collections / charge-off status.
Early Exclusions (EE) refer to a consumer request of a credit bureau to remove an account, which is due to fall off your report within the next 1-6 months (depending on the bureau) based on the 7.5 year FCRA reporting statute, early.
For example: If a charge off account has a DOFD if 8/2011, that means it is due to fall off your reports in 8/2018 - 7 years after the DOFD. Transunion will honor an EE request up to 6 months before the scheduled drop off date - so the consumer may request this at anytime starting February 2018. Experian already removes items 3 months early - automatically - and will usually deny anything sooner than that, so an EE request is not necessary (though worth a try). Equifax will grant an EE 1 month early, so a consumer can request an EE in July 2018.
The account you have listed in your post with a 2015 chargeoff date won't reach the 7 year reporting statute till around 2022 - so you cannot request an EE.
You also cannot dispute without reason- such as inaccurate information. Paying a chargeoff does not result in removal of the account from your reports.
As for the Cap One late payment, you can write them a goodwill letter requesting removal as an act of good faith. It is at their discretion to do so. You can search for sample Goodwill letters on this forum. Many have had success - but Cap One can be a tough nut to crack - it may take a couple of letters to get a yes.
You can also try to goodwill the paid charge off account - but it's unlikely to have success. Again, it never hurts to try - you never know.
Good luck!
Early Exclusions (EE) refer to a consumer request of a credit bureau to remove an account, which is due to fall off your report within the next 1-6 months (depending on the bureau) based on the 7.5 year FCRA reporting statute, early.
For example: If a charge off account has a DOFD if 8/2011, that means it is due to fall off your reports in 8/2018 - 7 years after the DOFD. Transunion will honor an EE request up to 6 months before the scheduled drop off date - so the consumer may request this at anytime starting February 2018. Experian already removes items 3 months early - automatically - and will usually deny anything sooner than that, so an EE request is not necessary (though worth a try). Equifax will grant an EE 1 month early, so a consumer can request an EE in July 2018.
The account you have listed in your post with a 2015 chargeoff date won't reach the 7 year reporting statute till around 2022 - so you cannot request an EE.
You also cannot dispute without reason- such as inaccurate information. Paying a chargeoff does not result in removal of the account from your reports.
As for the Cap One late payment, you can write them a goodwill letter requesting removal as an act of good faith. It is at their discretion to do so. You can search for sample Goodwill letters on this forum. Many have had success - but Cap One can be a tough nut to crack - it may take a couple of letters to get a yes.
You can also try to goodwill the paid charge off account - but it's unlikely to have success. Again, it never hurts to try - you never know.
Good luck!
