Credit Report

7 years from the date of last activity

It will stay 7 years or longer. However after a couple of years the success rate on removal is great. This time of year is the best time in the industry for getting negative items removed.

It is not the Date of Last Activity that governs credit reporting time limits, it is Date of First Default (DOFD). A derogatory item can stay on your report for 7.5 years from the DOFD and no longer. You can attempt to dispute and if the data furnisher does not verify w/in 30-45 days, then it will be deleted. Mail in your dispute. Do not use the on-line dispute process.

I have an old credit report that shows "opened", "reported" and "Last Active" ... are any of those the same as DOFD?

No. On older reports it might not be shown at all. When I pulled my free annuals a few weeks ago, I did see the DOFD was showing on a couple of my reports. Can't remember which though. What you might also see on an older report would be Date DOFD reported by Data Furnisher which is the date that the DOFD was reported by whoever is reporting the tradeline. Per the FACT Act, DOFD must be reported to the CRA's w/in 90 days of a derogatory tradeline being reported to them. If you are not seeing the DOFD on your reports you can call the CRA's and ask for the DOFD as reported by the Data Furnisher. Alos, you can take the estimated date of removal and substract 7.5 years and come close.

That old credit report is from 2006, and the Last Active Date is 7/03.

On my current Transunion report the dates are as follows: Date Assigned 8/11/05, Date Reported 12/1/08, Date Paid 6/18/07, Date Closed 6/1/07.

On my current Experian report the dates are Date Opened 8/05, Last Activity 9/08, Last Payment 6/07, date closed Not Reported.


what if you "know" that the date they show (or tell you) is not correct? I am sure the 7/03 date is correct, or at least close to it. I am equally sure the 8/05 date is NOT correct.

Is the date opened 08/05 on a CA's tradeline? If so, that is the date the CA first reported the tradeline and is irrelevant for credit reporting timeline.

Why isn't there a requirement for the DOFD to show on the Tradeline?

No requirements per the FCRA or FACTA other than the section of the FACTA which gives them a 90 day time limit to report the DOFD to the CRA's.

Is the 90 day time limit from a certain date/time?

I have an old paid debt that I am trying to find a way to get off of my record as they are showing it as "settled in full" rather than "paid in full", and I am scraping the barrel looking for ANY way to get this debt off my record!

Okay I called both Transunion and Experian and they said that the Date of First Delinquency WAS 7/03!

On my Transunion FICO it says my most recent collection (my only one) occured 3 years, 4 months ago. That is not correct! It was 5 years, 5 months ago. Does anyone know how to update/fix this with Transunion?

On my Experian report, it doesn't show the time since my most recent collection, but that might be because they are listing it under a 90+ day late account rather than a collection ... is that good or bad?

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I have disputed this tradeline several times, and now when I do, I receive a notice back saying they have already investigated it, and the last sentance says "Without additional relevent information in support of this dispute, you will not receive this notice again regarding this particular dispute."

SO they are considering your disputes as frivilous? You may have to go the FCRA sec 623 route to see if you can get any "relevant data" from the data furnisher.

I tried that, and received the letter back, so I sent the letter again with a cover letter restating that I wanted to know the method of verification. Fingers crossed!

the date of last activity says N/A. so how will i know the date it is removed

Call and ask for the date of first default as reported by the data furnisher. Removal date will be 7.5 years from that date.