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charge off coming off report

Date: Wed, 03/23/2011 - 10:21
Submitted by islefan3949 on Wed, 03/23/2011 - 10:21
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I pulled my three reports as i am going to begin challenging some items on my reports. On my transunion report two accounts that I had that were charged off it says dates to be removed and gives a month and the year. One is 8/2011 and the other is 2/2012. My question is is this the same date for all three reports or will these come off the transunion and remain on the other two? And if that's the case should I leave them alone and let them fall themselves and not challenge them?


Each account has its own, date-certain, DOFD.
Regrdless of which CRA it was reported to, or when it was reported, the credit report fall-off date is the same. The period for charge-offs and collections begins 180-days after the DOFD on the OC account, and terminates 7 years thereafter. That is the same as 7 years plus 180-days from the single, date-certain DOFD.
If the OC reported different DOFD dates to different CRAs, that would be in violation of FCRA 623(a)(5)(A). It would be disputable as inaccurate reporting by way of a direct dispute with them under FCRA 623(a)(8).
Unfortunatley, your CR did not give you the actual, reported DOFD, but gave you only an "expected fall off date." You cant tell definatively what period the CRA is using to calculate the expected deletion. They cant use a period of more than 7 years plus 180-days, but could use a shorter period. Thus, you cant use the expected fall off date to back date and determine the actual DOFD. It is just crummy credit rep;orting.


Submitted by Lian on Wed, 03/23/2011 - 20:34

Lian

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