When Do Collections Fall Off

[Doubleimonster]

Good afternoon,
I hope all is well and blessed.
When do collections fall off? I hear 7 years but don't quite understand when the 7 years start. I am currently looking at my vantage account, as my new bank actually pulls from vantage and not fico, go figure. I am viewing my vantage and I see collections listed as open accounts with open dates. I am assuming that is the date the collection was opened. Is it 7 years from that date? I have also heard it is 7 years from the date the account first went delinquent, which I would think is before the collection open date but not sure where to find that information. Any help would be great. Trying to get an idea of when some of these would fall off, in relation to how my gardening is going to work. I am looking to stop gardening in 1-2 years and trying to see if any of these might fall off during that timeframe.

[1lifeisworthit]

On your real, official reports, in the U.S. A. found only at annualcreditreport.com , when you click into an account it should show a DoFD (Date of First Delinquency), that's the first missed payment date that never was made current again.

The DoFD is what sets the clock for removal. It legally can take up to 7.5 years after that date.

Bankruptcies can take up to 10 years.

Student loans will leave 10 years AFTER they are paid off. They never go away if they aren't paid. They will come after you past death.

It's the reports that are important here, not your scores. Go read your official reports.

[pizzadude]

Good points & advice above, and I'll reiterate that all credit scoring companies pull data from the CRAs to generate their scores, meaning that Vantage / FICO are all based on the same underlying CRA data.   The scores will vary based on each companies proprietary scoring algorithms and based on the timing of what data is showing at the time the score is calculated.  

[RobertS2]

Collections are also ignored by some credit score models when you pay them. 

[Anonymous2]

7 years typically from date of first delinquency. You can look into early exclusion though- 6mos early for TU, 3 mos for Experian. Equifax don't bother- it's a month and may mess up more than it helps trying.

[SusanJA]

It's when you become delinquent, so when the creditor reported you as late the first time. You could pay the collections to get credit scores to stop considering them.