Account open date being reported incorrectly

[Guinevere9877]

Hi,

I have a repo from 2017 that was purchased by Jefferson Capitol Systems.

The account was opened in 2017. They are reporting the account open date as 2020.

I am wondering what kind of letters I need to send the reporting agencies and the junk debt buyer.

Thank you for your help...I'm reading through the posts but not finding exactly what I'm looking for.

[Horseshoez]

When was the repo and what is the date of first default?  Honestly, I don't believe open date is relevant.

[Guinevere9877]

The repo was early 2018...first default was august of 2017.  I'm just wondering if I'd have luck getting it removed based on that error...or if they are planning on leaving it on my report for an extra 3 years based on the open date.

[Horseshoez]

Simple answers; no and no.

[JoeRockhead]

Everything in relation to eligibility for removal from your reports is based solely on the DOFD that led to the Repo. 

If your DOFD was August 2017, it's eligible for EE (early exclusion) from Trans Union right now. It will be eligible to request an EE from Experian June 1 (to be safe). It should be gone from EQ by the end of August.

When you contact each bureau, you're going to ask them to remove it because it's "too old to report". 

[Guinevere9877]

Thank you! 

After looking closer...the only dates they are reporting are the opened in 2020 and stays on report until 2025.

What happens if I dispute them and they say Jefferson Capitol gave them enough info...am I going to have to prove that the DOFD was August of 2017?

[JoeRockhead]

Jefferson Capital is a debt buyer/collection agency. The DOFD was established by the original lender, which should still be listed on your reports.  Everything is based off the information provided by the original lender.

Have you pulled your reports from annual credit report

If not, pull them. 

[vntrsc]

The "date opened" reported by Jefferson is the date Jefferson received the account and "opened" it in their files.  It has nothing to do with the 7-year reporting period.  That reporting period is based on the date of first delinquency which is the date the account went into default and was never brought back to a current status.  The "date opened" has no effect on the date of first delinquency.