The DoFD should remain Nov. of 2007 and should be excluded by the end of the year or so. Paying the debt does not restart the clock. Just make sure you keep an old CR with the old DoFD on it should you need proof.
You should be able to see the DoFD or the date of exclusion on your CR, unless you're pulling from a 3rd party.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@CreditJim wrote:Yes I'm pulling my report directly from Experian. The first late was May 2007, reported as a 30-day late. Leading up to 180 days late in October 2007. Does that mean the 7 years starts from May 2007? I always thought it was the original charge-off date.
The time clock runs from the DOFD which would be 05/07, the FCRA allows 7 years + 180 days from the DOFD for a negative account to report. I believe you will need hard copies from EX to see removal dates I never saw them when I had their monitoring service.
@CreditJim wrote:Yes I'm pulling my report directly from Experian. The first late was May 2007, reported as a 30-day late. Leading up to 180 days late in October 2007. Does that mean the 7 years starts from May 2007? I always thought it was the original charge-off date.
That is your DoFD, when the account went in arrears.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@CreditJim wrote:So I could start to dispute it if it's still reporting by the end of the year? Or now, since May 2007 was over 7 years ago?
If this is still on file in Dec of this year that is the time to dispute it as being too old to continue reporting.
@CreditJim wrote:Got it! Thanks for all the help. Not long to go now until a completely clean credit file and finally the end of rebuilding.
Very nice!
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
One thing I will say, since I've seen it referenced elsewhere on the boards, is that occasionally, when a tradeline is within 6 months of naturally falling off, you can request the CRA's to delete it early, and often succeed. It's not a guaranteed thing, but it's something you could try.
