I was calling to see if I could get my last EQ derog off by disputing as obsolete. It comes off in Dec anyway, but I'm not patient. She told me if I dispute it, Sears can change the status from an R9 to a R1, and it will change the time frame when it comes off my report. I can't believe that that would be true, but she said it would in effect be changing the DOLA. Needless to say, I chickened out. I can live w/it until Dec, not another 7 yrs!
They can't do that. And besides, an R1 is a good thing. That makes no sense. Also, the good news is that most of the time, it doesn't take exactly 7 years to come off - its more like 6 years, 9 months. At least that's what I've heard. Just stick it out! It may be gone sooner than you think.
I think what she was saying is that Sears can convert it from a negative account to a positive account (R1) and in such case it will stay on your report for 10 years instead of seven...except if it is a positive tradeline, that is a good thing. If they do not change the status from R9 to R1, they cannot report it any longer than the seven years. L
I have an old account that I diputed as "not mine". CSC changed the account from R9 to R1 with $0 owed. It says that the account is set to become a positive in 2004. It says that it is a charge off with R1. What a contradiction! I never thought about the reporting period going longer! Sneaky
Was it due to come off before 2004, or was that the original date? I'm not going to dispute it, because with my luck, it'll stay on there forever. Technically, it's only a couple of months. I can live w/ it!!
