How can you tell when something will drop off?

[Jovian]

How can you tell when a bad account will drop off?  I've read people make comments when a bad score will drop off with the exact day when it should happen.  When I run my report through this site I don't see anything like that.

Thank you.

[MarineVietVet]

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@Jovian wrote:

How can you tell when a bad account will drop off?  I've read people make comments when a bad score will drop off with the exact day when it should happen.  When I run my report through this site I don't see anything like that.

Thank you.

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The free reports you can pull from annualcreditreports.com will have more complete information. Transunion and Experian list the dates when accounts are scheduled to drop off. I pulled mine about a month ago.

[Jovian]

Thanks for the info, I found the drop off date!  I am just aghast at how long it will take.  Does this make sense?

US DEPT OF EDUCATION

PO BOX 5609
GREENVILLE , TX 75403-5609
(800) 621-3115 

Balance: 

$0  

Date Updated: 

01/2008  

High Balance: 

$175 

Collateral: 

07 US DEPARTMENT OF EDUCATION 

Past Due: 

$0 

Terms: 

$12 for 36 months 

Pay Status: 

>Payment After Charge Off/Collection<  

Account Type: 

Installment Account  

Responsibility: 

Individual Account  

Date Opened: 

12/1997 

Date Closed: 

01/2008 

Loan Type: Student Loan

Remark: 

>Paid collection<

Estimated date that this item will be removed:   07/2014

[llecs]

Did you first fall behind in summer of 2007?

[Jovian]

I think it went into collection in 1997, because I took out these student loans back in 91-93.  I paid them all off in 2008.

[llecs]

They are saying that you took out the loan in 1997 for a 3 year term for $12/month or $432 in total. Looks like the US Dept. of EDU is saying that you took out a short term loan then. I know zilch about SLs but is certainly worth looking more into. If you want me to move this thread to Student Loans, then let me know.

[Jovian]

I think I will just invest a little dough in finding an attorney to take a look at this and tell me once and for all what I can do.  I would like to make it disappear, but I am hoping that my responsible credit practice for the past 3 to 5 years in additional to the years forward it will negate the badness of these ugly blemishes/open sores on my credit.  I am looking forward to my next utilization reports, it's going to drop from 75% to 0%.  I just paid off everything on my credit cards.