bigjohnstud4200 Posted April 24, 2007 Report Share Posted April 24, 2007 I've read that two of the three Big CRA's now use the DOFD as the basis to when an item will be removed from the consumer's CR. Does anyone know if TransUnion is one of those or not? I have a student loan that is due to fall 9/07. It was opened in 1997 and I never made a payment on it until they started garnishing my check. It was paid off in 2005 and I'm worried that if I dispute it as obsolete that they might verify it with the date of my last payment and kick up my reporting time. I've searched around and am unable to find anything hard.Thanks in advance. Link to comment Share on other sites More sharing options...
MadinKS Posted April 24, 2007 Report Share Posted April 24, 2007 If it's due to fall off soon, I wouldn't mess with it. It may cause more heartburn than it's worth. If you're not in a hurry to get financed for something, just leave it to die a natural death. JMHO. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted April 24, 2007 Author Report Share Posted April 24, 2007 If it's due to fall off soon, I wouldn't mess with it. It may cause more heartburn than it's worth. If you're not in a hurry to get financed for something, just leave it to die a natural death. JMHO.Yeah, I think that's going to be my route.. Link to comment Share on other sites More sharing options...
MadinKS Posted April 24, 2007 Report Share Posted April 24, 2007 Best bet if you ask me. I tried to dispute an ASSet collection due to fall off in June and now it's been re-aged to Dec 2010!!! Fightin' the hell outta that one. Link to comment Share on other sites More sharing options...
kevin3344 Posted April 24, 2007 Report Share Posted April 24, 2007 I've read that two of the three Big CRA's now use the DOFD as the basis to when an item will be removed from the consumer's CR. The CRAs don't decide what date to use when it comes to the 7 year reporting period, it's federal law. They MUST follow the Fair Credit Reporting Act, and it states plainly that the running of the reporting period for charged off accounts is from the DOFD. Trust me, they have it. They might now show it to you, but the FDCPA REQUIRES a CA to report it within 90 days of reporting any CO to the credit bureau.That begs the question: if they have it, why don't they show it? Who knows. But anytime you see 'this item to be removed on XX date', that's how they're calculating it. EQ is the only one that shows it spelled out as DOFD.I'm worried that if I dispute it as obsolete that they might verify it with the date of my last payment and kick up my reporting time.It won't hurt to dispute it, that won't affect the reporting time. Link to comment Share on other sites More sharing options...
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