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Don't understand this Item EQ report, Please help.

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Established Member

Don't understand this Item EQ report, Please help.

All -- Need help in reading this report. 

So, This is one of my Derog/Deliq accounts which was CLOSED in Feb 2013. That means the First Deliquency must've been atleast 12 months before closing date (i say because i remember paying this account with delays in 2012). 

 

Now, where i'm confused is the right side of the screenshot. SEVEN YEAR PAYMENT HISTORY. I see that the first derog report per dates below goes back to Sep '16. How is that possible since the account has been closed in feb 2013 because of earlier continous missed payments, which makes be believe that the First Deliq should've been in 2012.

 

PS. I paid this account in FULL in Jul,2018

 

I was hoping this account will also fall off early next yr if not end of this year. Please help me identify the Fist Deliq/Derog report date. Am i looking and reading this correctly ?

 

 

Eq.JPG

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
18 REPLIES 18
Regular Contributor

Re: Don't understand this Item EQ report, Please help.

Based on the items in the post it would seem the Date of first delinquency that led up to the account being closed would be sometime preceding Feb 2013 but we can’t see the payment history for those years but it would look to me to be about now December 2019 or no later than Feb 2020.

Typically OC is gonna post 30 60 90 and then 120 lates and charge off the account after 6 months from DOFD.


Message 2 of 19
Established Member

Re: Don't understand this Item EQ report, Please help.

Thank you for reassuring my understanding. Now this is my Question, how would i know the DOFD on this or any accoutn since these reports clearly don't show that.

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 3 of 19
Senior Contributor

Re: Don't understand this Item EQ report, Please help.

The only way to know your true DOFD would be to pull up your free annual credit report from annualcreditreport.com.
Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 576
EQ 567
TU 575
Message 4 of 19
Established Member

Re: Don't understand this Item EQ report, Please help.

Thanks a lot for the Tip. Went to AnnualCredit now and pulled the report. Confused me even more.See below, the First DOFD reported yr/month (07/2013) & CLS Yr/Month (10/2013).

However the same EX on MyFico is showing closed date as 2/2013. These MFs are so confusing. Sorry about the cuss word.

Both Screenshots are below 

 

Annual Credit Report (EX )

BofaDOFD.JPG

 

MyFico Report (Ex )

 

Eq.JPG

 

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 5 of 19
Senior Contributor

Re: Don't understand this Item EQ report, Please help.

The 30/60/90 day lates seem to be all over the place, but based on the annualcreditreport reporting, it seems your first 30 day late was July 2013, making that the DOFD. Meaning it should fall off July 2020. But on the annualcreditreport one should say the exact fall off date anyway.
Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 576
EQ 567
TU 575
Message 6 of 19
Established Member

Re: Don't understand this Item EQ report, Please help.

That is just Weird reporting they do. first DOFD is showing as July 2013. However the account closing date is showing as 2/2013. But this is just EX from AnnualCredit and MyFico. Weird. Also, "On Record until" section is not even shown for this account alone on the report. 

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 7 of 19
Established Member

Re: Don't understand this Item EQ report, Please help.

Sorry about the Confusion here. I pulled EX from Annual Credit and was comparing to EQ from My Fico. Ignore. They both reported the DOFDs at a different times. Closing this thread. Will open a new thread in case i have further questions.

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 8 of 19
Super Contributor

Re: Don't understand this Item EQ report, Please help.


@Chestnut1 wrote:

Thanks a lot for the Tip. Went to AnnualCredit now and pulled the report. Confused me even more.See below, the First DOFD reported yr/month (07/2013) & CLS Yr/Month (10/2013).

However the same EX on MyFico is showing closed date as 2/2013. These MFs are so confusing. Sorry about the cuss word.

Both Screenshots are below 

 

Annual Credit Report (EX )

BofaDOFD.JPG

 

MyFico Report (Ex )

 

Eq.JPG

 


Looking at the chart. The first fall off will be 08/2023 the first string of lates.  Then it starts over after the 30 day late 07/2017. The the final string should be 10/2024. They all dont fall off from the very first one with spaces in between. You had made payments that werent late in between the 2 strings. With exception of the lonely 30 day late 07/2017. So to clear it all out with no lates reporting should be 10/2024. Hard to read though. You can keep this thread going to keep us updated.





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC at 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game. Pay it Forward!
Message 9 of 19
Established Member

Re: Don't understand this Item EQ report, Please help.

Thanks Much. Just to clear the air. The account was closed in Feb 2013. 

Update : To clear my confusion, I called BoFA yesterday and got the confirmation that this Account's DOFD is Dec 2012 and they further confirmed that BoFA will stop reporting this account to CBs starting Dec 15th, 2019.  Hoping CBs will tkae another 30-60 days for the same  to reflect. Such a relief. 

With the above, all my BoFA's Neg/Deliq accounts will be completely gone from the Credit reports ( one BoFa account was dropped from CBs at the beginning of this Month.

 

That leaves me with One final Chase Auto Loan account as a Negative (this will go off Credit report in April 2022). I'm planning to talk to them to see if they can stop reporiting the same to CBs if i can pay the due $3,587. I'm 100% sure they won't agree to it. But i will give it a shot. if not, i will leave this account as is knowing the fact that this account will have very less bearing on my Credit score over the period becuase all other Neg/Deliqs are gone and my payment history (15+ months ) is running exceptional at the moment and will do go forward . What do you all suggest ?

11/10/2018 EX :540 TU : 525 EQ : 535
10/20/19 EX :671 TU: 665 EQ: 671
11/7/19 EX: 676 TU: 673 EQ: 676
Together we can come out of this mess.
Message 10 of 19
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