Charged of cc cards showing recent balances

[Anonymous]

If an cc has been charged off and is past SOL for my state, why do some reports show recent balance as of 8/2010? The other acct shows the date of charge off 7/2010.   Is there a correct way for these to be showing on my report?  Next question, cc that have been charged off and past the SOL , how much of an impact do they have on a FICO score and at what rate do they begin to have less of impact?  Thank You

[laz98]

SOL has nothing to do with how long something stays on your reports, or what impact negative information has on your scores. 

[llecs]

To add, reporting is based on the FCRA (federal law) and baddies typically can report monthly for the full 7-7.5 yrs. And even if CRTP (the 7 yrs) and SOL expire, they can still collect forever.

ETA...the damage varies based on your report, but typically it gradually fades over the 7 yrs. Some have seen 50+ gains when their last baddie is removed due to CRTP.