When is the earliest day I can request to remove the account from my credit report?

[Freeman47]

Hi everyone, I had an Auto Loan with NFCU with some late payments here and there. I'm wondering what would be my DOFD (Date of First Delinquency) and when can I ask to remove the account from my credit report. Here are some details of the account: The account status is paid and closed. My first 30-day late payment was on 04/18 and 05/18. Then I made 2 payments on time and brought the account current. However, I fell behind again from 08/18 to 10/18, all marked as 30 days late. Then I made payments on time and brought the account current from 11/18 to 02/19. However, in 03/19, it was 30 days late, in 04/19, it was 60 days late, and in 05/19, it was 30 days late. The account was closed in 05/19. My question is when would be my DOFD? Can I start to count the 7 years from 04/18? Please help me to figure this out. 

[zerofire]

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@Freeman47 wrote:

Hi everyone, I had an Auto Loan with NFCU with some late payments here and there. I'm wondering what would be my DOFD (Date of First Delinquency) and when can I ask to remove the account from my credit report. Here are some details of the account: The account status is paid and closed. My first 30-day late payment was on 04/18 and 05/18. Then I made 2 payments on time and brought the account current. However, I fell behind again from 08/18 to 10/18, all marked as 30 days late. Then I made payments on time and brought the account current from 11/18 to 02/19. However, in 03/19, it was 30 days late, in 04/19, it was 60 days late, and in 05/19, it was 30 days late. The account was closed in 05/19. My question is when would be my DOFD? Can I start to count the 7 years from 04/18? Please help me to figure this out. 

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First you seam to misunderstand the difference between good data and bad data. For starters your account will be listed on your report for 10 years since the date of closure or until 05/29. This is because the account is good data. The bad data will come off after 7 years meaning the 30 day and 60 day lates will come off as they hit 7 years each. Date of first delinquency has nothing to do here unless there is more to the story.

[Brian_Earl_Spilner]

Early exclusion only applies to accounts with a derogatory status. Since the account is now paid in full it's not derogatory. The lates will fall off near the 7 year mark. You could ask navy to remove the account from your reports, but you would lose all the good data as well. Another option is to launch a goodwill campaign to get navy to remove the lates. If they refuse, specifically due to the need to report accurately, you can ask them to omit those months so your reports show NR. 

On a side note, DOFD is the first date the account was late and never brought current again. If the account is brought current again, the DOFD would be the next time the account went into default and never brought current. 

[FireMedic1]

As mentioned by @Brian_Earl_Spilner . The lates will fall. If you were inquiring about EE. Thats isnt used for lates. BK's mostly.

[OCONUS]

My apoloigies for adding this to OP's thread. OP's post and then your reply sparked my interest. I had a similar situation where the account became 30DL in May of 2018. The account was always paid 30DL until Fed of 2019. In March of 2019, the account triggered 60DL, and a one payment was made. In April though it was paid 30DL, furnisher reported it CURRENT, and then continued May 2019 60DL and June 90DL and July 120 DL respecively. Account was then closed as it was matured due to term of the loan.

Furnisher updated and reported that account was current in April of 2019, though it was paid 30DL.

I was under the assumption that it will fall of under the 7 year rentetion rule. 

Another question is, knowing that one payment was made in April of 2019 but the account have remained 30DL all along. how can it be current and then 60DL next. Does it beg for correction?

Can the furnisher report it current for one month even though it wa still 30DL?

[JoeRockhead]

There seems to be some confusion here regarding what adverse information on a credit report is, which would be eligible for EE removal.

As per the FCRA  605(a)(5):

§ 605. Requirements relating to information contained in consumer reports [15 U.S.C. § 1681c]
(a) Information excluded from consumer reports. Except as authorized under subsection (b) of this
section, no consumer reporting agency may make any consumer report containing any of the following
items of information:
(1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of
entry of the order for relief or the date of adjudication, as the case may be, antedate the report by
more than 10 years.
(2) Civil suits, civil judgments, and records of arrest that from date of entry, antedate the report by
more than seven years or until the governing statute of limitations has expired, whichever is the
longer period.
(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.
(4) Accounts placed for collection or charged to profit and loss which antedate the report by more
than seven years.(1)
(5) Any other adverse item of information, other than records of convictions of crimes which
antedates the report by more than seven years.

A late payment is adverse information. Therefore, it's 100% eligible for early removal, just as all other items that are commonly requested for removal regardless of whether or not the account was closed and/or in good standing. 

Will they remove the entire account that's also closed and marked paid? Maybe, maybe not. YMMV, but, speaking from my own personal experience, I had a car loan I was a co-signer on that was opened in 2014, and closed in 2016. For the entirety of it's relatively short life it had 100% on time payment history with the exception of the very last payment, which was marked as a 30 day late. My son traded the car in on a different vehicle. The dealer made the final payoff late resulting in my credit being dinged for a 30 day late. But, the account was listed closed, paid in full, (in good standing).

I disputed this late with all three CRAs.

Experian simply removed the late payment status almost instantaneously, resulting in a restored 100% on time payment history on the account and the account remains on my EX file to this day.

Transunion and Equifax both confirmed the late payment and it remained until it became eligible for EE in accordance with their EE policies at 6 months and 30 days respectively, at which time I disputed the item again, as too old to report. Both CRAs deleted the entire account from my file.

This following is a quote by Robert EG from >this thread< a couple years ago:

"There is nothing improper in requesting an early exclusion of a late payment, and it can apply only to that item, and not to the entire account.

The late payment info is the adverse item of information that is subject to exclusion by the CRA under FCRA 605(a)(5), and not the entire account.  Yes, your request for early exclusion CAN, and in fact IS, applicable only to that information.

A request for early exclusion goes to the CRA, and is totally separate and apart from requests for good-will deletion of the late payment reporting, which goes to the creditor, and not the CRA.You can pursue one, the other, or both.  It is not improper to seek an early exclusion of only a late payment.

Whether or not the CRA will grant is a different matter, and is totally at their discretion. 

While the one phone rep may have told you that early exclusion does not apply to late payment reporting, that is incorrect.  Try to get a different phone rep, or ask to speak to a supervisor.

You can also, should you choose, separately contact the creditor and seek their good-will deletion.

Of course, if the creditor grants a good-will deletion, then the issue of any early exclusion becomes moot, as it is no longer a reported adverse item of information in your credit report".

So, you can ask for the early removal of lates as too old to report, as they become eligible for EE on your calender. Whether or not they will remove the whole account once all the lates are gone is a YMMV situation, but it is entirely possible, just not a guarantee. Once they're all removed from the account, it's a 100% positive account so remaining on file would be a good thing. Best of luck