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2020/1/1 UPDATE:
This month offers the clearest evidence to date of how the major CBs remove delinquencies in absence of a request for EE.
Updated in thread below as well.
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I have a trail of major delinquencies from 2012-2013 on four accounts that are now falling off my reports. The last delinquency is dated Sept 2013. Most of the delinquencies are reported identically across the three CBs, but the CBs clearly have different policies regarding the removal/aging of delinquencies. I'm pulling reports from Experian/CCT. As far as I can tell:
These patterns are not what I expected from what I read, so I thought this may be of interest to others (I also posted on the monthly myFico Challenge thread). My intention is to let these delinqs age off au naturel, without EE, but I'm nonetheless anxious to see them go.
Thanks for sharing! This is something I was wondering about since my oldest will be in this postion soon.
@Anonymous wrote:Thanks for sharing! This is something I was wondering about since my oldest will be in this postion soon.
Glad it's helpful. Let me know if you want more info/clarification.
I often wonder if what we "think" we know about how early each bureau may remove something is changing.... possibly because of our forum input that a Google search could easily find??. Whether they changed their policy for whatever reason or not the fact is that it may be removed, not that it will.
In the last 3 years, Ive not had my remaining lates removed based on what we thing we know as TU 6 months early, EX 3 months early or EQ 1 month early. My last lates over those years never matched up with that while others had threads where it indeed happened. Nor has one bureau been consistently sooner than the other for me. 1 late was removed nearly 11 months early on TU but another with TU wasn't removed until one month before. Other differences with the other bureaus. My last 30 day was sitting on EX mid September set to expire in December but was removed 11 months early on TU (1/19) and 4 months early (8/19) on EQ. In September I was getting antsy about having a clean file and called a few times to request an EE with EX but was denied. However, it was removed unexpectedly in late October.
Thanks for the DPs.
2020/1/1 UPDATE:
- EQ: Delinquencies from April 2013 on three accounts were removed. Strings were not deleted, so delinquencies from May onward remain.
- TU: Delinquencies from February 2013 on three accounts were removed. Strings were not deleted, so delinquencies from March onward remain.
- EX: String of delinquencies on one account beginning March 2013 was removed. Delinquencies on other accounts from April 2013 remain.
Will update OP as well.