@Anonymous wrote:
Ok, so I've been waiting for June to begin, because there are several derogatory items on my reports that hit 7 years this month. Also 2 that are are 7 years and a few months old. Well last month I disputed the ones that are over 7 years. Just got the results from that dispute...no changes, nothing removed, they just updated that I disagree with the results. The others are all around 6 and a half years old. So my understanding is that once derogatory items hit 7 years they are removed from the report right? Well mine are still there and doesn't look like they are going anywhere. What gives? These are all charge off accounts that I either paid in full after charge off or settled for a lesser amount. so all balances report as $0. Reason I'm so frustrated is one of these is a repo, and our one and only car is quickly crapping out on us. I really need that repo gone so I can get the best terms possible or even just avoid being turned down for a loan altogether. any advise? Am I wrong about the timeline?
+1 to above poster, you need to pull all 3 CRs from annual credit report, for free (no scores).
They spell out the actual age off dates. Disputing them and if the return verified and hadn't updated in some time will just tank your scores.
TU will list "estimated date of removal"
EX will list "on record until", this date should be different than both EQ and TU because they generally age off items at 6y 10m.
EQ will list "date of first delinquency" (not the also listed "date major delinquency first reported") and add 7 years to that date. It should age off 1 or 2 months prior to then.
I have really only found TU to be good with early exclusion. It is up to 6 months prior to the "estimated date of removal" date.
EX is 3 months EE, but they already build in 2 months of it into the "on record until" date, so you can call and request it 1 month earlier than the date listed. I hinestly found it easiest to let it age off on it's own. They age off more towards the end of the listed month.
EQ is like hot oil and water. Their EE is only 30d anyway, and they tend to age off items a month+ early, rendering the effort pointless. So not worth the risk, ime.
There are many dealerships who have second chance auto loans. You may have to pay a higher APR then refinance after a year though. How old is your repo? If it's 6 years or more, many dealerships disregard as it's too old. I'd say try Carmax and see what rates you get. 
