Discover Card Account Close Date Dispute Help?

[Anonymous]

I could use some advice on my paid collection with Discover Card.

Discover Card is currently reporting a charge-off on my credit from 2007, the date the account was settled.   However, I know the account was closed in May of 2003 as part of a credit counseling agreement. 

I disputed this with the credit reporting agencies and it comes back as verified.  

Here's the question..  I have a mailed statement sent by Discover in August 2004, showing "credit limit of 0" and a refund of overlimit fees, as well as the Cashback Awards being completely blank.

Does anyone know if Discover would consider this proof of a closed account?

Thanks! 

[AndySoCal]

is the 2007 date showing as the date reported ? If so this would be correct reflecting the reporting of the settlement. The bureau as another field if shown on the credit reprort is date closed which would be the 2003 date.

[Anonymous]

The account close date is reported as 2007, and that's where I think the mistake is...

Based on what I know of credit reporting, if the account was closed in May of 2003, it should disappear in May 2010; even if the payments occured later.  Is this correct?

[bostonte]

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@Anonymous wrote:

Based on what I know of credit reporting, if the account was closed in May of 2003, it should disappear in May 2010; even if the payments occured later.  Is this correct?

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No. 

[Anonymous]

So it's permissiable for payments to be reported after the account was closed and then charged off?   

Thanks!