Hi all, Thanks to anyone who might respond. I've been doing some cleanup on Experian (quite successful thus far) but noticed something odd on my newest report. I had an old charge off account through Wells Fargo about 4 years ago (which, stupid me at the time, I paid off) and I've been fighting it the last couple of months to have it removed as a negative. This item was "verified and updated" this last June..... does this mean that the 7 year clock starts all over again?? Total bummer if it did, considering I've only got three years to go until it can be knocked off.... any thoughts? Much appreciated j80
You will have to keep an eye on this item but merely updating account info does not change the original Date of Delinquency. This is the date that is used to determine the 7 year reporting period
Date of delinquency commencing in charge-off, collections, etc. is typically not reported. EX usually has (before you dispute it) a this item remains until xx-xxxx. That is the official drop-dead date, DoD + 7 years. If it remains longer than that, its re-aging. You *SHOULD* try to dispute *BEFORE* that date, so that the item is deleted, so it isn't available for exempted reports.
