Status details: This account is scheduled to continue on record until Nov 2011.

Any account will remain in your credit report for 7 years. After 7 years, it will be removed from your credit report automatically. If it isn't removed, then you should contact the credit bureaus and get it removed from your account.

Deletions from credit report inclusion are not related to accounts, they relate to individual items of derogatory information in your credit file. Those items are listed in FCRA 605(a).
Individual items of information are reported to the CRAs by the credtiors and/or debt collectors. They are retained in the consumer's credit file, theoretically forever, and may continue to be included in the consumer's credit report up until certain dates are reached.
The FCRA has no date restrictions on the reporting of information to a consumer's credit file. The FCRA also does mandate any deletions, at any time, from a consumer's credit file based on age. The requirements of FCRA 605(a) apply to the CRAs, and not to those reporting. They are not restrictions upon what and when items of information can be reported to them. They are restrictions on what a CRA can include in any credit report they issue after the relevant expiration dates. In essence, it amounts to the CRA being required to mask certain items in the consumer's credit file from CR inclusion.

Once an item of information that is reported to a consumer credit file, it is the responsibility of the CRA to monitor the time period since the date of delinquency or derog, and then assure that, after that date, the item of information is therafter normally masked from inclusion in the consumer's credit file, I say normally because the CR exclusion periods in FCRA 605(a) are not absolutes. Under certain conditions, as set forth in FCRA 605(b), the exlcusions against CR inclusion are exempted. Thus, in those limited situations, all contents of a consumer's credit file can be disclosed. Those limited situations basically include inquiries involving credit or insurance transactions involving a principal balance of $150K or more.

Monthly delinquencies are normally blocked from CR inclusion after 7 years from their individual dates of occurance. With multiple monthly delinquencies, there would thus be no one, single CR exclusion date.
Collections and charge-off exlusions are both based on one, single date certain reported to the CRA. That date is the DOFD on the OC account. After 7 years plus 180-days from the DOFD, a collection and/or charge-off is normally barred from further CR inclusion. Again, it is not up to the OC or debt collector to determine this date, it is up to the CRA. In order to ensure that the CRA has a DOFD in your credit file upon which to calculate their CR exclsuion date, FCRA 605(a)(5) sets forth detailed requirements for reporting of a DOFD to the CRAs.

Since DOFD is such an important date for any account that has a reported collection or charge-off, any credit report provided to a consumer should be required to list the DOFD on the OC account if that CR includes the reporting of a CO or collection. It is required by statute to be in the consumer's credit file, and is thus easily provided in any CR. For some reason, the CRAs often done include the DOFD in consumer credit reports. They will sometimes infer its date by giving you an estimated date of CR removal, and can be back-calculated from the estimated deletion date by the subtraction of 7 years plus 180-days. But since the CR inclusion dates are only maximun dates after which exclusion is prohibited, there is nothing to prevent the CRA from ceasing CR inclsuion prior to those 7 or 7 1/2 year periods. Thus, back-calculating the actual DOFD is only approximate, at best.

A collection that lists an expected CR exclusion date of 11/2011 implies a DOFD of 5/2004. That assumes that the period used by the CRA in its calculation is 7 1/2 years. They could use an earlier period, but not a later one.

A consumer is entitled to receive the exact DOFD recorded in their credit file at any time, even if it is not listed in the consumer credit reports they receive. All it requires is sending the CRA a letter under FCRA 609(a)(1), requesting that information.