The OC and collection reporting are two separate items. You can absolutely have a collection without the OC and this is actually ideal since it’s very hard to get OCs to do goodwill removals while CAs are more likely to do so in order to get a promised payment.
Many people find themselves in the frustrating situation of having both the OC and the CA and they can’t get the OC to remove so it’s something to be thankful for really.
Thanks for responding. So the OC drops off after 7 years. Does the CA then have an additional 7 years they can remain on your CR? I thought the CA had to abide by or within that original date? If the CA sells it to another CA how long can the new CA keep it on your CR?
Derog will "fall off" no later than 7.5 years from DOFD. It makes no difference who holds the debt at that time. It goes poof!
If CA sells the debt to another CA, it makes no difference, still falls of at the same time.
Ok so maybe I should call or dispute because the original creditor is no longer there. One CA is showing 2016 as a date which is absolutely WRONG. All of my derogatories started in 2012 when my dad was sick.
Does the 2016 date happen to be “date opened”? If so, that’s the date the CA opened the collection account in its files. It has nothing to do with the date you opened the account or the date of first delinquency determining when the account drops off your credit report.
Yes if OC fell off because of the DOFD than the CA should have fallen off to.
When exactly in 2012? In the beginning, middle, or end?