Welcome @Fireman613
Your well past the 3 yr SOL of them going legal in NY. You can ask for EE now from EX since its under the 3 month window. EQ will fall on its own in June. No one can keep a debt on a file after the DoFD. Even if a CA happens to show up after 7yrs. If you get a zombie debt caller after the DoFD. Just hang up.
Or play it safe. Pay it. Its pass five yrs and has to come off your reports due to the NYS purge law.
Snippet:
"accounts placed for collection or charged to profit and loss which antedate the report by more than seven years; or accounts placed for collection or charged to profit and loss, which have been paid and which antedate the report by more than five years; “
@Fireman613 wrote:Good afternoon all, I have a BOA charge off on my experian and equifax, it's not on transunion, which according to equifax is scheduled to fall off jun of 23. My question should I pay it before it falls off, it's only 475$ and my fear is a collection agency is going to pop up on my credit report trying to collect on it after it falls off my credit report. No one has ever exempted to collect on it at all BOA nor a collection agency however ever attempted, only a BOA trademark listing it as a charge off. I do belive they are still updating it monthly. I'm in NY not NYC and was made aware the laws have changed so I need to look into them. Thank yo
No, no reason to pay it.
@Fireman613 wrote:Could you elaborate on the asking for a EE ? also what is the the NYS purge law ? Sorry I'm new to this whole credit terminology
https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/NYS-5-year-purge-rule/td-p/5561779