DOLA vs DOFD

[creditvixen1]

On my equifax report the OC is listing DOLP as 1/2005 , DOLA 3/2005 ( im not sure why the difference I never made a payment after 1/2005...so mabey that when they CO ) and DOFD as 9/2005 (mabey the date they sold it?)

so my question is..

for the SOL ( in my state its 3 years) I go by the DOLP not the DOFD , right? . So the SOL would be 1/2008 ,correct?

and it would fall off the report 7 years +180 days from the DOFD. unless of coarse i can get it off sooner:)

thanks

[June]

For SOLC in your state, go by DOLP = 1/2005 (+ 30 days)

Your true DOFD = 2/2005 (30 days after your last payment on 1/2005).

SOLC would be 2/2008.

According to EQ rules, it should fall off 1/2012.

I had one item fall off exactly 7 years from the "Date Opened" Date.

DOFD listed as 9/2005 is "The Date the 1st Major Delinquency Was Reported" to EQ by the OC. NOT the Date of (your) First Delinquency. The OC did not Report your delinquency until 8 months after you made your last payment.

[creditvixen1]

So really my DOFD is 2/2005 .,they just waited a long time to report it. THank you very much.

[June]

Yes. Your delinquency commenced in 2/2005, when you first became delinquent on this account. This date, 2/2005 should NEVER change.

The other dates may cause a bit of confusion (at different CRAs), but 2/2005 is the date they should use to determine the SOL.

[creditvixen1]

Thank you.