PittsburghDude1 Posted May 26, 2020 Report Share Posted May 26, 2020 I am finally past the 7 year reporting date for credit charge offs. My question is.. When do they come off my credit report? 7 years from last payment? Or 7 years from charge off? I'm finding conflicting information. Quote Link to comment Share on other sites More sharing options...
Harry Seaward Posted May 26, 2020 Report Share Posted May 26, 2020 7 years past the first delinquency. If you payment was due Jan 1, 2010, it should come off your reports by Jan 1, 2017. If you made payments, however, it may have restarted the SOL clock. Quote Link to comment Share on other sites More sharing options...
BV80 Posted May 27, 2020 Report Share Posted May 27, 2020 3 hours ago, Harry Seaward said: 7 years past the first delinquency. If you payment was due Jan 1, 2010, it should come off your reports by Jan 1, 2017. If you made payments, however, it may have restarted the SOL clock. The only way the 7-year reporting period would change is if the OP brought the account back to a current status and then defaulted again. Payments that do not bring the account back to a current status would have no effect on the DOFD. Quote Link to comment Share on other sites More sharing options...
PittsburghDude1 Posted May 27, 2020 Author Report Share Posted May 27, 2020 1 hour ago, BV80 said: The only way the 7-year reporting period would change is if the OP brought the account back to a current status and then defaulted again. Payments that do not bring the account back to a current status would have no effect on the DOFD. Quote 7 years past the first delinquency. If you payment was due Jan 1, 2010, it should come off your reports by Jan 1, 2017. If you made payments, however, it may have restarted the SOL clock. Each account I have left on my credit report last payment was May 23rd, 2013. So it is now over 7 years. I have not paid anything on them. I was working with a debt lawyer suing the pants off of debt collectors about 5 years ago and he advised me to never pay the debt, so I didn't. I believe there are now 2 accounts left on my credit report showing "charged off" which were last paid 5/23/13. How long do the companies have to remove these listings from my credit report? What are the repercussions if they don't remove in time? Quote Link to comment Share on other sites More sharing options...
WhoCares1000 Posted May 27, 2020 Report Share Posted May 27, 2020 In general, I think the courts have given CRAs a leeway of about 6 months to remove old stuff. Even if they don't, you have to dispute the old stuff with the CRAs before you can take them to court over reporting old information. My personal experience is that they will remove the old stuff pretty quick themselves unless the debt collector put some information on the trade line in an effort to keep it on the report longer. That stuff, you can dispute right away. So in your case, I would wait about 3 - 6 months and then check again to see if the trade lines have been removed. If they have not, I would dispute the trade line with the CRA as being old information that should fall off. If the dispute does not work, then you have the option of court to get the trade lines removed. I doubt it will get to court however. Quote Link to comment Share on other sites More sharing options...
BV80 Posted May 27, 2020 Report Share Posted May 27, 2020 7 hours ago, PittsburghDude1 said: Each account I have left on my credit report last payment was May 23rd, 2013. So it is now over 7 years. I have not paid anything on them. I was working with a debt lawyer suing the pants off of debt collectors about 5 years ago and he advised me to never pay the debt, so I didn't. I believe there are now 2 accounts left on my credit report showing "charged off" which were last paid 5/23/13. How long do the companies have to remove these listings from my credit report? What are the repercussions if they don't remove in time? Technically, the FCRA states that the 7-year period begins 180 days after the delinquency. If you defaulted after May, 2013, they have until around November or December to remove it. But, they may remove it sooner. Sometimes a CRA will remove right at the 7-year point. Quote Link to comment Share on other sites More sharing options...
PittsburghDude1 Posted May 27, 2020 Author Report Share Posted May 27, 2020 7 hours ago, BV80 said: Technically, the FCRA states that the 7-year period begins 180 days after the delinquency. If you defaulted after May, 2013, they have until around November or December to remove it. But, they may remove it sooner. Sometimes a CRA will remove right at the 7-year point. As if waiting 7 years wasn't enough, now I may have to wait another 6 months? Jeesh Quote Link to comment Share on other sites More sharing options...
Harry Seaward Posted May 27, 2020 Report Share Posted May 27, 2020 4 hours ago, PittsburghDude1 said: As if waiting 7 years wasn't enough, now I may have to wait another 6 months? Jeesh Your creditors have been waiting 7 years to get paid. Just sayin. Quote Link to comment Share on other sites More sharing options...
PittsburghDude1 Posted May 29, 2020 Author Report Share Posted May 29, 2020 On 5/27/2020 at 7:48 PM, Harry Seaward said: Your creditors have been waiting 7 years to get paid. Just sayin. They did. They got their tax write off. Quote Link to comment Share on other sites More sharing options...
Harry Seaward Posted May 29, 2020 Report Share Posted May 29, 2020 26 minutes ago, PittsburghDude1 said: They did. They got their tax write off. .... at $0.20 on the $1. That's just a booby prize for their troubles. You got 100% free money for nothing. You don't want to go down this road with me. Quote Link to comment Share on other sites More sharing options...
PittsburghDude1 Posted June 7, 2020 Author Report Share Posted June 7, 2020 On 5/29/2020 at 5:35 PM, Harry Seaward said: .... at $0.20 on the $1. That's just a booby prize for their troubles. You got 100% free money for nothing. You don't want to go down this road with me. Okay internet warrior. Take a deep breath.... Quote Link to comment Share on other sites More sharing options...
Harry Seaward Posted June 7, 2020 Report Share Posted June 7, 2020 30 minutes ago, PittsburghDude1 said: Okay internet warrior. Take a deep breath.... I had nothing to say until you acted like you were the victim. Quote Link to comment Share on other sites More sharing options...
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