Jump to content

Arrow Financial and Reporting Date


brattylatina
 Share

Recommended Posts

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 Bank

Date Opened:9/99

Date of Status:7/04

Reported Since:10/99

Last Report: 7/04

Charge off as of July 2002

Purchased by another lender

Arrow Financial

Date opened: 7/04

Date of Status:4/05

Reported Since:4/05

Last Report Date:12/06

Type: Collection

Terms: 1 month

Schedule to continue on record until October 2008

Any help with report dates would be appreciated.

Link to comment
Share on other sites

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 Bank

Date 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 07/2002

Purchased by another lender

Arrow Financial

Date 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 4/2005

Last Report Date:12/06 Updated by Arrow 12/2006

Type: Collection

Terms: 1 month

Schedule to continue on record until October 2008

For 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

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

  • 1 month later...
First Premier Bank

Date 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 07/2002

Purchased by another lender

Arrow Financial

Date 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 4/2005

Last Report Date:12/06 Updated by Arrow 12/2006

Type: Collection

Terms: 1 month

Schedule to continue on record until October 2008

For 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

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.