Re: when does 7 years really begin?
It begins from the date of first delinquency that led to the charge-off. In other words, the first missed payment which was never again "caught-up" before the account charged-off. the charge-off date is used if the account was charged-off before 1998-- before the new laws were enacted. Make since?
TU "hides" this date from the consumer-- for whatever reason, they don't want us to know when the tradelines are due to expire. You have to call, and sometimes they will tell you the date. Experian reports, on the otherhand, give you the actual date a tradeline is due to expire- very handy. Equifax uses the date of last activity to calculate the date.
"If you really want something in this life, you have to work for it. Now, quiet! The're about to announce the lottery numbers... "