On Record Until ... Actual Fall Off Month

[satio]

Having worked on my own credit score uplift and exhausting actions I can take other than ongoing management and time, I have been helping other family members with theirs.

If reports taken from annualcreditreport recite "On Record Until Dec 2019" for an account, should the item fall off some time in December or is it possible it may not be removed until January 2020?

It's December 2 and the derog account is still there.

[FireMedic1]

Usually its the exact date. You could do EE. But I wouldnt rock the boat since its so close it falling off. Relax and it will go poof.

[silver_idle]

It really hard to say for sure. It may be an exact date or it could be at any time in the month. Its usually the latter but you could always dispute the record or call in and request an EE, or just wait it out.

[FireMedic1]

Some of the CRA's also do monthly updates at the first of the month. So now until 1/1/20. You waited 7 yrs. Whats a few more days. Have a glass of wine. 

[Chestnut1]

Agree with FM1 here. you've waited 7 years. Waiting a month should be nothing for you. Don'tworry, it takes about a month for the CRAs to start updating these.

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@FireMedic1 wrote:

Some of the CRA's also do monthly updates at the first of the month. So now until 1/1/20. You waited 7 yrs. Whats a few more days. Have a glass of wine. 

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[RobertEG]

What is the derogatory reporting under the account?

FCRA 605(a) specifies the maximun period after which a derog must become excluded.  It does not preclude a CRA from excluding earlier.

The "on record until" date provided by the CRA is their own expected exclusion date, which can be shorter than the full exclusion period.

If, for example,  the derog is a reported collection or charge-off, the max exclusion period of the derog is 7 years plus 180 days.

However, the CRAs routinely will exclude collections and charge-offs at 7 years, and not wait the additional 180 days permitted under the statute.  Lack of exclusion at the stated on record until date is thus not a violation, and the CRA could delay up to the full 7 years plus 180 days without any disputable violation.

Howver, if the derog is only a monthly deliquency, the "on record until" date provided by the CRA will be the full 7 year exclusion period under the FCRA, and thus it would require exclusion in the next month after the month/year exclusion date provided by the CRA.

The entire account would not necessarily become excluded under the FCRA unless the account remained delinquent when the individual derogs reached their exclusion dates.

Is the account paid (i.e., non delinquent), or does it remain unpaid (delinquent)?

[satio]

Thanks for all the responses.

This collection account is for a future vacation package that was never used and therefore never paid for.

Certainly not planning to suggest to the person I am helping to do anything.

As most have stated, waited this long so another month or so is not an issue.