Collection Account Fell Off

[Schmoopy]

Hey,

So I got an alert from one of the monitoring vantage models that a collection on my credit report (first appeared Dec 2021) fell off.

I then got my 3 credit reports and FICO scores - and they were right. All my scores went up.

So I'm def not complaining but just wondering as the 7.5 mark hits on Feb 2023. Why would they do that? I've never reached out or talked to anyone about this account.

Could it be that they removed it but they will report it again as a new account to have a bigger impact on my credit score as a tactic move to put leverage on me?  Can they even remove an account then put it back? Again, I'm def not complaining but they had until Feb 2023 to keep reporting it and I can't figure out why they stopped now..? 

[jrwa81]

Collections automatically fall off after 7 years, some even after 6 years.  Sites like Experian will give you the fall off date.  It won't come back.

[OmarGB9]

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@jrwa81 wrote:

Collections automatically fall off after 7 years, some even after 6 years.  Sites like Experian will give you the fall off date.  It won't come back.

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Not necessarily. CAs can and DO come back sometimes. Either the original CA that was reporting will re-report (which *IS* allowed by the way @Schmoopy, as long as they're still within the 7 year reporting window and still have collection authority), OR they may have sold the debt off to a different CA who may or may not then report their own collection TL prior to the Feb 2023 exclusion period.

[simplegirl]

Which collection company was it? I know that National credit adjusters removed there collection from my report a year before they fell off and put it back on in 2 months or so.

[Schmoopy]

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@OmarGB9 wrote:

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@jrwa81 wrote:

Collections automatically fall off after 7 years, some even after 6 years.  Sites like Experian will give you the fall off date.  It won't come back.

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Not necessarily. CAs can and DO come back sometimes. Either the original CA that was reporting will re-report (which *IS* allowed by the way @Schmoopy, as long as they're still within the 7 year reporting window and still have collection authority), OR they may have sold the debt off to a different CA who may or may not then report their own collection TL prior to the Feb 2023 exclusion period.

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Good point that it might have been sold. I have a feeling it's a tactic by the same CA to stop reporting then report again as a new account to have bigger impact on my credit.

I read it's 7.5 year - 7 years from the day of your first 30+ missed payment + 180 days or 7 years from your delinquency. My first missed payment was August 2015 and delinquency on Feb 2016 so I think they have until Feb 2023. My credit report shows fall off date of October 2022 which I don't get at all as it's between those two dates.

[Schmoopy]

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@simplegirl wrote:

Which collection company was it? I know that National credit adjusters removed there collection from my report a year before they fell off and put it back on in 2 months or so.

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@simplegirl it's Security Credit Services. If they are dropping it just to report it back they're really playing games with themselves. I passed the SOL at 2018. I didn't care when they reported it at late 2021 and I won't care if they report it again now. We'll see what they're up to.

[OmarGB9]

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@Schmoopy wrote:

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@OmarGB9 wrote:

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@jrwa81 wrote:

Collections automatically fall off after 7 years, some even after 6 years.  Sites like Experian will give you the fall off date.  It won't come back.

---

Not necessarily. CAs can and DO come back sometimes. Either the original CA that was reporting will re-report (which *IS* allowed by the way @Schmoopy, as long as they're still within the 7 year reporting window and still have collection authority), OR they may have sold the debt off to a different CA who may or may not then report their own collection TL prior to the Feb 2023 exclusion period.

---

Good point that it might have been sold. I have a feeling it's a tactic by the same CA to stop reporting then report again as a new account to have bigger impact on my credit.

I read it's 7.5 year - 7 years from the day of your first 30+ missed payment + 180 days or 7 years from your delinquency. My first missed payment was August 2015 and delinquency on Feb 2016 so I think they have until Feb 2023. My credit report shows fall off date of October 2022 which I don't get at all as it's between those two dates.

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So the exclusion period is indeed *up to* 7 years + 180 days, but generally items fall off right around 7 years. And the DOFD is the date of first delinquency, which means the date of the first missed payment where the account went delinquent and was never brought back current, subsequently leading to a charge off.