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Keeps updating date reported?

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I monitor my credit with truecredit and am curious about the dates reported on a collection. They have the date opened as 5/2003 and the date reported as 8/10/2006. The question is the date reported keeps changing to the current date?? Every month they update it with the current month? how will this ever drop off my credit? How do the credit bureaus know when to delete it if the date keeps changing.

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Look for the Date of 1st Delinquency. The rest are confusing and are of little value. Not only that, they are not even used when figuring the 7 year clock. For example, on Equifax you will see:

Date reported

Date assigned

Date of 1st delinquency

Balance date

Status date


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Edited by kevin3344
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