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aimeeb82

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  1. Does the 7yrs and what not start from first major delinquincy or just the average non payment? They don't show the date of first non payment on Equifax reports.
  2. There are several dates on last yr's Equifax I ran: It has: date opened (the account maybe?) date of major first major delinquancy But date reported and last payment are different on the '07 and '08 Equifax reports I ran and printed. Why? Seem to get bumped up a yr and some months on the '08 form '07 one. How come? Also on my '05 Consumer Info.com print out it shows Balance Date... Also why do some show "date reported" when that date is AFTER it's been paid off?
  3. And if they were first posted when I was 19 (about 8 yrs ago), they should be off by now and if not I should contact them correct? Would I go to the bureaus or to the original collection agencies?
  4. I'll have to look at what I have printed from last yr's credit report I printed out. I'd do it again now for an updated one but I'm at work. I want to say the credit card non payment started when I was either 19/20 yrs old in March and I'm 27 come this spring. But I remember seeing all of the charge offs and such on my report last Jan. I can double check when I get home later.
  5. The date the debt started or final payment?
  6. Ahh so basically wait a bit longer and if they're still there I better start the calls...
  7. Interesting. I had no idea. I always hear and have read today about people having to call ans argue it with the bureaus and agencies.
  8. So wait it out till 7 1/2 and they should be the one who update it on their own? I'd have to get on the phone and start harassing people.
  9. The charge-off will remain on your credit report for seven years plus 180 days from the date of the first nonpayment per the Fair Credit Reporting Act. For example, if you stopped paying on your credit card account in July 2000 the charge-off would be removed from your credit report in January 2008. Per: Getting a charge-off off your credit report
  10. But shouldn't when it's time THEY remove them rather than I have to contact them?
  11. But if they're PAID and it's been 7 yrs since the original debt isn't it the law they have to remove them? I mean they can't stay on their forever.
  12. Okay so I looked up what it was and I do think I have one maybe two PAID charge off's on my credit.
  13. Do I call the credit bureaus or the actual collections places I worked with? What exactly is a charge off?
  14. So the date it is put on your report (not paid off) is the start date they should go by? Do I have to request them to removed them or do they do it on their own? Thanks!!
  15. I paid off several debts on my credit report nearly 6 yrs ago. I've read online that the 7 yrs for it to be removed start from the date of it going into collection? Is this correct? Some people have told me it's from the date of your final payment. I really need to get these removed to help my credit score. I was also told to refer to: 3. Since Sections 623(a)(5) and 605©(1) provide new rules for calculating the 7-year period that became effective in 1997, do chargeoff accounts now have different obsolescence periods depending on when the chargeoff occurred? Yes. Section 605©(2) states that the section "shall apply only to items of information added to the (CRA) file of a consumer on or after" 455 days after enactment, or December 29, 1997. Therefore, a chargeoff reported to a CRA on or after that date is subject to the new commencement-of-the-delinquency method of calculating the obsolescence period set forth in Sections 623(a)(5) and 605©(1). On the other hand, a chargeoff reported to a CRA before December 29, 1997, is not covered by the new provisions, as discussed in one of the enclosed letters (Kosmerl, 06/04/99). If a credit account was reported as a chargeoff before that date, the Commission's view has been that it can be reported for seven years from the date the creditor actually charged it off.(3) But this is hard for me to decipher. Any help would be appreciated!!!
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