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Question about different dates for coming off tradeline


Ansback
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I have an alleged debt, that I have been working on with JDB, but taking a closer look I have a question for you.

 

Transunion and Experian says the OC will come off 2/2015, but the JDB will come off 7/2014.  They have the same acct #, same OC, and the SOL will be 1/2014. ( The SOL is 6yrs, last payment on record is 12/2007) The alleged debt is listed as in disputed with the JDB.  So am sure it is the same debt, that was sold.

 

Why would the JDB come off the tradeline before the OC??

 

Thanks, Ans

 

 

 

 

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Here's the problem, the current incarnation of the FCRA says:


(c ) Running of Reporting Period
(1) In general. The 7-year period referred to in paragraphs (4) and (5) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.

...which could mean 7-1/2 years from the DOFD...or 7 years from when it was placed for collection, CO'd, or whatever.

 

Currently, just to be sure, most CRAs drop negative info 7 yrs after DOFD.

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@Ansback

 

Go by the DOFD from the OC.   As Willing said, the date an entry falls off is about 7.5 years from the DOFD.  The OC's and JDB's entries should fall off at the same time.

 

Keep an eye on them.  If the JDB's entry is deleted in 2014, then dispute the OC's entry.

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The reporting period cannot be extended by the assigning of a debt to a collection agency under the law.

 

The original charge off date is what matters in terms of the 7 year period. It is 7 years no more.

 

From the charged off to profit and loss or the date of adjudication.

 

Send a letter to the original creditor requesting when the account was closed and or charged off.

 

Send certitied return receipt requested.

 

That is the date you need to pay attention to.

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The reporting period cannot be extended by the assigning of a debt to a collection agency under the law.

 

The original charge off date is what matters in terms of the 7 year period. It is 7 years no more.

 

From the charged off to profit and loss or the date of adjudication.

 

Send a letter to the original creditor requesting when the account was closed and or charged off.

 

Send certitied return receipt requested.

 

That is the date you need to pay attention to.

The JDB is listed as coming off first. It was bought in 2008.

The OC comes off 2/2015 according to timeline

The JDB comes off 7/2014 according to timeline

The DOFD is 1/2008, so this is the date I have to pay attention to, correct?

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Have you noticed its a little confusing?

 

According to the  letter of the law, all reference to the debt should be removed from your reports 7-1/2 after the DOFD with the OC...but...since the FCRA isn't quite clear, its usually removed at 7 years.  So...1/2008 plus 7 yrs is 2/2015 for the OC.  If the JDB wan't to falloff earlier, let them.

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