kleggett23464 Posted August 22, 2004 Report Share Posted August 22, 2004 I have a question. I was trying to receive my gov't clearance in 99. I paid a collection account which they required me to do. From the information below can anyone tell me when it's going to fall of my credit report. I do not understand any of it. lol tks The last payment i made to the OC was in the 98 timeframe.. is this a redate?Date Opened:03/1995 Type: RevolvingReported Since: 04/1995 Terms: NADate of Status: 08/2000 Monthly Payment: $0 Last Reported: 08/2000 Responsibility: Individual Credit Limit/Original Amount: NAHigh Balance: NARecent Balance: NA Recent Payment: NA Account History:Charge Off as of 7-2000, 12-1998 to 5-2000Collection as of 11-1998, 10-199890 days as of 9-199860 days as of 8-1998 Link to comment Share on other sites More sharing options...
op_crdt_repair Posted August 22, 2004 Report Share Posted August 22, 2004 If you paid the account they just didn't update it. So what you need to do now is tell them that they are reporting inaccurate information and sight FCRA 623 Resposibilites of furnishers of information to consumer reporting agencies. Tell them that the payment was made in about 1998 and you want them to delete it. Link to comment Share on other sites More sharing options...
LadynRed Posted August 22, 2004 Report Share Posted August 22, 2004 The account was charged off in 12/98, that means that it will drop off by 12/2005 or 1/2006 at the latest. The payment cannot reset the charge-off date nor the 1st delinquency date that preceeded the charge-off and that is what the 7year reporting period is based on, NOT the date of last activity. Link to comment Share on other sites More sharing options...
kleggett23464 Posted August 22, 2004 Author Report Share Posted August 22, 2004 thank you for the replies.. Here is some interesting information. I have credit reports from 3 different months in the 2000 time frame. April 2000 citibank It says Date opened 03-95Date of last activity 08/97Previous status 08/97 - R5 07/97 - R3August 2000same open and DOLAsame everythingfeb 2003 same thing all of this from retail allianceNow I look at my experian from nov 2000 and it saysDate opened 03/95date of status last reported08/00then to the right it says paid/account charged off written off in 7-2000account history:charge off as of 7-2000, 12-1998to 5-2000 collection as of 11/1998, 10/1998this account is scheduled to continue on record until 7-2007this is redating isn't it? Link to comment Share on other sites More sharing options...
Recommended Posts