Help, I've been scratching my head over this one and I need one of you to hopefully have the answer. When does the 7 year clock start to count down? Is it "date of status" ? or is it "date opened"? -Sal
Neither.... Date of status is simply the last time the account was updated on your file. If you have a creditor that updates monthly, this will change every month. This does not setermine the 7 year clock. Neither does the date opened.
For instance - on TransUnion, how do we tell the actual date (on a collection account/CO) when the account hits the seven year mark. Generally I do not see a "will remain till date" on trans or equifax. Thanks, Sal
Butch, How do we distinguish the 7 year countdown date within equifax? I realize this is a stupid question..lol Thanks Sal
I was affraid of that - I have atleast 2 collection accounts I disputed that changed "date of last activity" to the date it was validated. Sal
Call the cra's and tell them what happened. Advise them you have copies of other reports showing the correct dates. If they won't fix it by phone, then fax a copy of the report to them and advise them that reaging the acct to extend the reporting period is a violation. I don't think you'll have problems with the cra's on this.
