Chargeoff/Collection account with no lates

[Anonymous]

My wife and I are trying to clean up her credit report so we can buy a house, and I noticed something very odd with one account which she says she knows she had paid off in full each month (in cash at the store's retail location).

All three bureaus show the staus as "Collection/Chargeoff" but in my tri-merge credit report from TrueCredit (each bureau is reporting it on a separate line), TransUnion has nothing listed for late payments, Equifax shows 0 30-day lates, 0 60-day lates and 43 90-day lates.  Experian shows 0 for for each.

In order to be 90 days late, wouldn't you have to first be 30, then 60 days late?  There is one account with a single 120-day late, which I could see happening if the creditor said "we won't report you until you're 120 days late" but does 0, 0, and 43 make any sense?

I am planning to DV the account (it's still with the OC) as soon as I hear back from Equifax about my dispute.  Both Experian and TransUnion have come back confirmed.

Message Edited by Mike14 on 09-16-2008 11:58 AM

Message Edited by Mike14 on 09-16-2008 11:59 AM

[Anonymous]

Negative items fall off 7 years from date of first delinquency. So technically a 30 and 60 day could fall off after 7 years, leaving 90 days on.

[Anonymous]

Sorry, I didn't provide enough information, the account was opened 9/01, which is exactly 7 years ago, so nothing has fallen off yet.

Actually, the actual Experian report has the following information:

Account History:
Charge Off as of Dec 2007 to Aug 2008, Feb 2005 to Oct 2007
150 days as of Jan 2005
120 days as of Dec 2004
90 days as of Nov 2004
60 days as of Oct 2004, Jan 2002
30 days as of Sep 2004, May 2004, Dec 2001

So it looks like she may have stopped paying in September 2004, but the other information still seems wrong