brattylatina Posted February 1, 2007 Report Share Posted February 1, 2007 Hubby has old First Premier account which was sold to Arrow Financial. I'm confused as to the reporting time. This is how they both show on EX:First Premier BankDate Opened:9/99Date of Status:7/04Reported Since:10/99Last Report: 7/04Charge off as of July 2002Purchased by another lenderArrow FinancialDate opened: 7/04Date of Status:4/05Reported Since:4/05Last Report Date:12/06Type: CollectionTerms: 1 monthSchedule to continue on record until October 2008Any help with report dates would be appreciated. Link to comment Share on other sites More sharing options...
June Posted February 2, 2007 Report Share Posted February 2, 2007 Hubby has old First Premier account which was sold to Arrow Financial. I'm confused as to the reporting time. This is how they both show on EX:First Premier BankDate Opened:9/99 CC Account opened 09/1999 Date of Status:7/04 Reported Since:10/99 First reported by FPB 10/1999 Last Report: 7/04 Last Updated by FPB 7/2004 Charge off as of July 2002 Charge off by FPB 07/2002Purchased by another lender Arrow FinancialDate opened: 7/04 Purchased by Arrow (2 years after CO) Date of Status:4/05 Reported Since:4/05 First reported (to CRA) by Arrow 4/2005Last Report Date:12/06 Updated by Arrow 12/2006Type: CollectionTerms: 1 monthSchedule to continue on record until October 2008For EXPERIAN "On record until October 2008" means that the DOFD, DOLA or DOLP is 9/2001. Your Hubby made his last payment 9/2001. He was 30 days late as of 10/2001. Drop off EXPERIAN CR 10/2008. Link to comment Share on other sites More sharing options...
brattylatina Posted February 2, 2007 Author Report Share Posted February 2, 2007 Thanks for the info. So the October 2008 date is correct for falling off? I always assumed it was 7 years after charge-off. Link to comment Share on other sites More sharing options...
June Posted February 2, 2007 Report Share Posted February 2, 2007 Thanks for the info. So the October 2008 date is correct for falling off? I always assumed it was 7 years after charge-off.According to your Hubby EX CR, it appears that October 2008 is correct. Drop-off date is always 7 years after (your) Last Payment or 7 years after (your) Date of First Delinquency. NEVER 7 years after Charge-off because some OCs like to Report some (false) Charge-off each and every month or when they feel like it. Link to comment Share on other sites More sharing options...
brattylatina Posted March 22, 2007 Author Report Share Posted March 22, 2007 First Premier BankDate Opened:9/99 CC Account opened 09/1999 Date of Status:7/04 Reported Since:10/99 First reported by FPB 10/1999 Last Report: 7/04 Last Updated by FPB 7/2004 Charge off as of July 2002 Charge off by FPB 07/2002Purchased by another lender Arrow FinancialDate opened: 7/04 Purchased by Arrow (2 years after CO) Date of Status:4/05 Reported Since:4/05 First reported (to CRA) by Arrow 4/2005Last Report Date:12/06 Updated by Arrow 12/2006Type: CollectionTerms: 1 monthSchedule to continue on record until October 2008For EXPERIAN "On record until October 2008" means that the DOFD, DOLA or DOLP is 9/2001. Your Hubby made his last payment 9/2001. He was 30 days late as of 10/2001. Drop off EXPERIAN CR 10/2008.Well today I looked at hubby's EQ and now the Date of 1st Maj. Delinq. is 11/06! There is absolutely no WAY! I sent dispute to EQ. I'm afraid to DV Arrow as I don't feel like a lawsuit. Any advice? Is there a letter to send to them as far as reaging? Link to comment Share on other sites More sharing options...
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