Question on closed/charge off account

[chocoleproso]

Hi guys,

Have a question on a closed charged off account that is reporting to TU and EQ. 

TU has a closed status with a close date of 10/2014. There are no more derogatory delinquencies as I assume they fell off since it was basically one long string with the earliest over 7 years ago. 0/0/0 for 30/60/90 days late. 

EQ has a closed status but is not reported showing a closed date. Just says unavailable. It also shows late payments back to 2014 up until 2018. It should juat be this long string of late payments. However for large chunks of time, intermittently, and at times for up to a year, it reports as NR instead of the late payment. For example late payments for 2015, NR for 2016, then showing late payments in 2017, etc ... 

Questions are if the NR interrupt the string meaning I have late payments as recent as 2018 even though the account was closed in 2014? Is that reporting discrepancy something I should dispute because it seems like it will affect me negatively for mich longer time on EQ. 

Thanks for any clarification!

[Anonymous]

I wouldn’t be worried about the interruptions, be worried about whether or not it shows charged off at EQ.

Once it reflects charge off any late designators are irrelevant. Is this a paid chargeoff or unpaid? Can you access your report from annualcreditreport.com and give us the specifics on this account from there?

[chocoleproso]

Just checked annualcreditreport.com

It is a CO but as of Dec. 2018 it shows a 180 day late while all previous months were CO. 

I did recently pay the account full delinquent amount due in June, 2020 though that payment hasn't reflected either EQ or TU as of yet. 

I'm hoping it's just a waiting game until 2022 at the latest when the late payments string falls off if I understand everything right. 

[Anonymous]

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@chocoleproso wrote:

Just checked annualcreditreport.com

It is a CO but as of Dec. 2018 it shows a 180 day late while all previous months were CO. 

I did recently pay the account full delinquent amount due in June, 2020 though that payment hasn't reflected either EQ or TU as of yet. 

I'm hoping it's just a waiting game until 2022 at the latest when the late payments string falls off if I understand everything right. 

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I would worry less about the string of lates falling off and more about the entire derog account aging off

I would pull all 3 CRs as mentioned above from annual credit report for free (no scores) and each will spell out when the whole TL should drop.

TU will list "estimated date of removal" and you can request EE (early exclusion) 6 minths prior to the listed month. If it is 8/2021 (guessing off the date you gave), you can request the entire TL be removed 2/1/2021.

EQ will list "date of first delinquency". Add 7 years and this is when it should age off. Aboid any EE request - it is only 30d and most likely will age off before that time vimes making the request moot - plus they can make a real mess of your CR, so I would avoid it all together.

EX will list "on report until" and this should differ from the above 2 dates because they automatically build in 2 months of EE. You can request EE 1 month prior to the given month (they offer 3 months EE = 2 months built in + 1 month requested).

Those dates from those reports will be your guide as to when to expect the account to fall off and if any of the breaks in the strings of lates affected the age off date.

[Anonymous]

Yeah you’ve got to pull reports from ACR to find out when they drop, it should be going from the DOFD not those additional designators.

[chocoleproso]

Thank you all for your responses. Have a clearer picture now  

If all goes well, not as long as a wait as I was possibly expecting. 

[Anonymous]

Just to clarify, once a chargeoff, the whole account drops at 7-7.5 years from DOFD, so the whole account will disappear before it gets any late after that. Good luck!