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thebigjdoe

Last Reported vs Date of last Payment vs Closed date vs Actual last payment

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I'm getting confused here and about a year away from the date that my Closed Settled accounts should be removed from my credit report.

A couple examples: 

Citi 1:

Last Reported :  Jun 07, 2013

Date of last Payment:  Jan 30, 2013

Closed Date:  Jan 07, 2011

Last Actual Payment: Oct 14, 2010

Settle Date: Jan 24, 2013

 

Citi 2:

Last Reported :  Jun 18, 2013

Date of last Payment:  Feb 04, 2013

Closed Date:  Jan 17, 2011

Last Actual Payment: Oct 14, 2010

Settle Date: Jan 24, 2013

 

Am I waiting for 7 years from the last monthly payment date (oct 14, 2017) or 7 years from the close date (~1/17/2018) or 7 years from the dettle date (1/24/2020) ??  I just want to know so I can dispute ASAP if it is not removed when it is supposed to be

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I'm getting confused here and about a year away from the date that my Closed Settled accounts should be removed from my credit report.

A couple examples: 

Citi 1:

Last Reported :  Jun 07, 2013

Date of last Payment:  Jan 30, 2013

Closed Date:  Jan 07, 2011

Last Actual Payment: Oct 14, 2010

Settle Date: Jan 24, 2013

 

Citi 2:

Last Reported :  Jun 18, 2013

Date of last Payment:  Feb 04, 2013

Closed Date:  Jan 17, 2011

Last Actual Payment: Oct 14, 2010

Settle Date: Jan 24, 2013

 

Am I waiting for 7 years from the last monthly payment date (oct 14, 2017) or 7 years from the close date (~1/17/2018) or 7 years from the dettle date (1/24/2020) ??  I just want to know so I can dispute ASAP if it is not removed when it is supposed to be

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12 hours ago, thebigjdoe said:

Citi 1:

Last Reported :  Jun 07, 2013  -- This is the date Citi last updated this account on your credit report

Date of last Payment:  Jan 30, 2013 -- This is the date of the last payment, in your case the settlement was your late payment.

Closed Date:  Jan 07, 2011  --  This is the date Citi closed your account. Likely some time after they charged off the account.

Last Actual Payment: Oct 14, 2010 --  The charge off would likely have been roughly 6 months after this date.

Settle Date: Jan 24, 2013 -- This is your ACTUAL date of last payment.

As @BV80 said, the 7 years for reporting starts from the time of charge off.  The other dates are irrelevant as far as the reporting time in concerned.

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Ok thanks guys.  It looks like most were charged off 5 months after my last "on time" payment.  I'll keep my eye on these come March 2018... ugh cant wait!  Is there any way to tell the exact charge off date?  Would i need to call them?

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