I know this has been asked before, but I'm still confused. I know it's 7 yrs from DOLA, but I can't tell when that is on my CR's. Here's an example: EQ Discover Financial date opened 9/89 DOLA 10/96 charged off Ok, I would assume that it would come off 10/2003 BUT...... EXP Discover financial Opened 9/89 charged off as of 11/96 to 9/98 (don't know what the 96-98 means) "this account is scheduled to continue on record until 4/2003 Where the heck did they get the 4/2003? And is that the date it will come off EQ too??? Tracy
Actual DOLA for reporting periods is 180 days past the first delinquency date. Assuming that 10/96 is the DOLA, 6 months prior to that is 4/96, right? then add 7 years to it. 4/2003
thanks. I heard about the 180 days, but I thought you added 180 days to the DOLA, meaning the DOLA was the ACTUAL date. It all makes sense to me now! Wouldn't it just be easier to make all the dates accurate, instead of so cryptic? LOL Then even people like me would be able to read these things! LOL
