HSBC Accnt Sold To AC&F Inc.

I believe that it can stay on your report until seven and a half years from the date of first delinquency. After that time has passed, if it's still on your credit report, you can dispute it.

If I'm wrong on the time frame, someone please correct me.

I had understood that it was seven years.

I think it's seven years from last activity, which would be charge off, and charge off is normally 6 months after delinquency. I'm not an expert, so hopefully someone else will confirm that.

I think you can file a dispute sooner than that and hope that the creditor doesn't respond, in which case it would be removed from your report. But if they do verify it, then it would stay on there. Again, I'm not an expert, so hopefully someone else will chime in soon!

I believe they actually use the date of last activity - like your last payment or last purchase date as the actual date - not the date it was charged off.

Reporting period begins the date a payment was due and not made. From that date, a derogatory tradeline can be reported for up to 7 years + 180 days.

Can someone reference the 7 years + 180 days. I've searched, but I can't find where it says plus 180 days.

What I've seen is 7 years from 1st major delinquency or date of last activity.

Sec 605 of the FCRA

English, please! LOL! Lawyers wrote this, I bet, b/c it's obviously NOT in PLAIN english!

Basically, if you dispute something that is exactly 7 years old, I'll bet the CRA's drop it off your report like a hot potato!

More than likely but there are OC's and JDB's out their that will go out of there way to inflict the most harm and poison your reports to the max allowed...ie Crap1 and LVNV to name a couple.

I was actually able to get a few charge offs for Capital One off my report way before the 7 years was up. I had settled with one of them through a collection agency. When I went to make the final payment, the CA showed the account paid in full. I called Capital One to see what they showed and low and behold they had NO accounts in my name - I had 3 that were charged off. So I did a dispute and they all were removed, except the one I settled, which shows as a paid collection. I defaulted in 2005.