Help With Different Drop Off Dates

[nothingman02]

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@Anonymous wrote:
Thanks everyone for your replies, not sure how to reply to all at once.  Wamu still holds the account, never sold it and no one has attempted ever to collect on it. 

Whats the balance being reported?

Soon, however, my nightmare will be over...just how soon is the big question.   I never heard of the "first in the chain of delinquencies" but that is exactly what I was hoping for. So if I understand correctly, if there were payments made for three months between the first and last delinquencies, they should go by the first delinquency in that chain?

@Anonymous delinquency in the chain after which there were no more payments made and the a/c was consequently charged off as a bad debt. For CRTP or the drop off date, add 180 days to  7 years. Since your EQ date is earlier than that @ 9/09, thats when the a/c is scheduled to fall off.

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[Anonymous]

It's a whopping balance of $10,000 --thank you ex-beau!  Do you think it would be worth it to try to dispute it 30 days before the scheduled drop off date--might they delete it because it would be dropping off withing the 30 days they have to verify it--or is that the lamest question ever posted on this forum!

[nothingman02]

Well, I would just sit tight and not mess with it till it falls off on its own. I would dispute it in 10/09 if its still there.

Whew! Thats a huge balance for them to have simple ignored. Hope your ex pays some of it though.

Meanwhile, keep your eyes on your reports and this particular account. Theres still time. If and when the balance changes to 0, it would mean that the a/c has been charged off and they sold the debt to some JDB. SOL is past but those JDBs could still give it a shot and you would have to use the SOL expiration as your defense. Keep all the hard copies of your CBRs. Good luck!

Just wondering, is CHASE reporting anything that you might think its not yours? Chase has bought WAMU and I am guessing that they are reporting on your ex-beau's CBRs and something is probably going on over there. 

[RobertEG]

No.  As soon as the account has an associated CO or CA, section 605(c) of the FCRA extends the dropoff date by an additional six months from the DOFD (i.e., to 7 1/2 years).

[nothingman02]

Thats correct.

[nothingman02]

And being an OC listing the a/c will actually stay longer for upto 10 years if its gonna turn positive eventually but the negatives will start to fall off one by one as they hit the 7 year mark. But whats going on here is the point. WAMU is no more. Chase does not seem to be reporting. Theres a 10000 balance.

Message Edited by nothingman02 on 05-14-2009 09:50 PM

[Anonymous]

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@nothingman02 wrote:
And being an OC listing the a/c will actually stay longer for upto 10 years if its gonna turn positive eventually but the negatives will start to fall off one by one as they hit the 7 year mark. But whats going on here is the point. WAMU is no more. Chase does not seem to be reporting. Theres a 10000 balance.

Message Edited by nothingman02 on 05-14-2009 09:50 PM

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Eh just cause it isn't reporting on her CR doesn't mean it isn't on his - if they sold it to a CA and she was just an authorized user then with no financial responsibility for that account there would be no reason for the CA to report on her CR it would just be on his or the OC could just be going after him without the OP knowing anything about it

[nothingman02]

Thats exactly what I said earlier susyquk!

[Anonymous]

No Chase is not reporting anything on  mine.  I am still listed as a co-obligor as neither I nor my attorney could convince them otherwise and I didn't have the money to file suit on it. What do you mean by your subsequent post that as an OC they could report for 10 years?  I thought 7.5 was the longest reporting period? Thanks to all for their responses!

[nothingman02]

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@Anonymous wrote:
No Chase is not reporting anything on  mine.  I am still listed as a co-obligor as neither I nor my attorney could convince them otherwise and I didn't have the money to file suit on it. What do you mean by your subsequent post that as an OC they could report for 10 years?  I thought 7.5 was the longest reporting period? Thanks to all for their responses!

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7 years for an OC baddie. 7.5 years for a CA baddie. 

But an OC a/c such as a CC, could stay for as long as 10 years and the baddies would start to fall off at the 7 year mark. Sometimes, in such situations, the drop off dates arent listed on EX and perhaps TU.

However in your case,since the drop off dates are already listed clearly, you dont have to worry. They would have to fall off at the mentioned dates. Keep all the hard copies of your reports. After the drop off dates are past, if the a/c is still being listed, then you can dispute directly with the CRAs.