Understanding 7 year mark

[Anonymous]

I wanted to add an image for reference but either I’m not allowed or just can’t figure it out. Anyway, I’m trying to decide when my old Fed Loans will fall off. Here are the dates:
Last Reported: Oct 16, 2017
Account closed: Nov. 1, 2015
In the late payment “calendar” my first missed payment is June 2013.
Which date + 7 years? Also, if it is the 2013 date, when can I try for early exclusion? Thanks in advance. The fall off date has always been a little confusing to me.

[Brian_Earl_Spilner]

I still have loans that are 19 years old reporting. Some of them started falling off last year, but some didn't.

[Anonymous]

I should add that the account is listed as...closed/transferred/sold.

[RSX]

That late payment should drop off June/July 2020

the account may keep reporting after that.  

[Anonymous]

Thank you. Any advice on early exclusion?

[CreditCuriosity]

they dont do early exlclusion on late payments...

[Anonymous]

Please forgive my excessive posting lately. I’m just really trying to understand. The 7 year fall off still confuses me. Here is an account of reference:
Fed Loan
Last Reported: Oct 16, 2017
Status: Closed-transferred/sold
Closed: Nov1, 2015
Payment History:
2013:
June 90 DL
July 120
Aug 120
Sept 120
Oct 2013- March 2104 : Nothing
April 90
May-sept 120
My questions:
My DOFD is June 2013 (at 90 days) or April at 30 days?
Do lates fall off one month at a time or in a “string”? In this case 2 “strings”?
OR will this entire trade line fall off June 2013 + 7 years since it’s negative?
If the trade line will fall off, can I ask for early exclusion (based on each CB’s policy ...6,3,1 months)?
Please reply as if I have no clue because that would be accurate!

[Brian_Earl_Spilner]

It's a rolling 7 years + 6 months. The negatives will fall off as they hit that point.

[FireMedic1]

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@Anonymous wrote:
Please forgive my excessive posting lately. I’m just really trying to understand. The 7 year fall off still confuses me. Here is an account of reference:
Fed Loan
Last Reported: Oct 16, 2017
Status: Closed-transferred/sold
Closed: Nov1, 2015
Payment History:
2013:
June 90 DL The string starts at 30 days. Then there's a 60 day then the 120 day you posted.
July 120
Aug 120
Sept 120
Oct 2013- March 2104 : Nothing
April 90 Same. The string starts at 30 days. Then there's a 60 day then the 120 day you posted.
May-sept 120
My questions:
My DOFD is June 2013 (at 90 days) or April at 30 days? 30 days starts the string.
Do lates fall off one month at a time or in a “string”? In this case 2 “strings”?
OR will this entire trade line fall off June 2013 + 7 years since it’s negative?
If the trade line will fall off, can I ask for early exclusion (based on each CB’s policy ...6,3,1 months)?
Please reply as if I have no clue because that would be accurate!

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If you miss three payments in a row, your account would be reported 90 days late. The seven-year period would begin with the first payment you missed in that series. All three payments would be deleted seven years from that date. The date is called the "original delinquency date," or sometimes the "date of first delinquency."

https://www.experian.com/blogs/ask-experian/when-does-7-year-rule-begin-delinquent-accounts/ 

[calyx]

I have a quick question  with regards to the "closed/transfer/sold"
Did you bring this account current through rehab or consolidation, or did you pay it off?

The HEA can change things a bit depending on the state of your loans.