Shoowty Posted March 19, 2011 Report Share Posted March 19, 2011 I have a Capital One CC that was opened in January 2003. The Date of Last Activity was February 2005. They didn't report to the credit agencies until December 2010. My question is, how long does a company have to declare an account as a Charge-Off? How long does a company have before they must report to it to a credit reporting agency? How long will it be on my credit report? I live in Maryland by the way. Any advice would be appreciated. Link to comment Share on other sites More sharing options...
BV80 Posted March 19, 2011 Report Share Posted March 19, 2011 (edited) A negative trade line can only be reported for 7 to 7 1/2 years from the date of default. If your last payment was February/2005, the account went into default in March/2005. It should fall off of your report around March/2012. Don't be discouraged. The older a negative entry, the less effect it has on your credit score. This entry is not having a big effect on your score.How long does a company have before they must report to it to a credit reporting agency?There is no set time for them to start reporting. They can report at any time during the legal time period. Edited March 19, 2011 by BV80 Link to comment Share on other sites More sharing options...
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