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7 year TL


Devildawgjj
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I have a couple of TL's that will fall off my CR this year. If they don't come off in the month that it says, What should I do to get them off?

Also, I have some TL's that don't have a fall off date listed on my CR. How would I determine the 7 year date?

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I think they can go as long as 7.5 years.

You can try disputing them as obsolete. One of the CRA's might provide you with the date of first deliquency. Or drop them. If they simply come back verified, you could ask them for their method of verification and contact the information furnisher.

Might be a lot of work for stuff that is about to fall off anyway.

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Dispute the first two as obsolete. If they remain, remember, they can acutally remain for 7 years plus six months. I'd give it a couple of months past that fall off date.

As for the second one, I'd look at the all the date fields, see what you can do to remeber the account, and challenge it with the data you have. Do you remeber the account?

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See....Thats the thing.....I only remember. I have nothing in writing when it comes to my CR. I have to rely on what the CA, DF, and OC report:roll:. I just wanted to know the terminology to use with the CRA's. 2 more years and about 90% of my bad debt will fall off. This is my only savior for reparing my credit.

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It's very, very tough to prove your position when you have no records of your own.

I think the best you can do is, when you "think" a tradeline is "old enough" that it should be removed from your report. start the 1-2 punch process...if you are lucky, the DF or the CBR will supply you with exactly the information you need to establish the date the account went delinquent or, the DF will get caught in the catch 22 situation of the 1-2 punch and the tradeline will get removed that way.

These situations should be a learning moment for everyone - KEEP YOUR FINANCIAL RECORDS IN ORDER! :)

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  • 2 weeks later...
You can call the CRA and ask for the date it will be removed. I have done this and they have given a specific date such as 4-15-09.

True and not a bad idea but that doesn't really solve the problem...if the consumer thinks the date is wrong but has nothing to show it's wrong then there is no place to go.

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