When you look at your Experian report you can see when the item is scheduled to fall off. On Equifax it doesn't give you this information. How do you figure the 7 years for them, by the date of last activity on your report? Or is hidden where we can not see it? TIA
Added to the FAQ: http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=141335#post141335 -Peace, Dave
i use the last activity date on equifax... all equifax last activity dates match my experian date of removal minus seven years.. Just looked at equifaxes faq: Payment in full does not remove your payment history. The length of time information remains on your credit file is shown below: Credit Accounts: Accounts paid as agreed remain for up to 10 years. Accounts not paid as agreed remain for 7 years. Collection Accounts: Remain for 7 years. (The time periods listed above are measured from the date in your credit file that is shown in the "date of last activity" field accompanying the particular credit or collection account.) Courthouse Records: Remain for 7 years from the date filed, except: Bankruptcy - Chapters 7 & 11 remain for 10 years from the date filed. Bankruptcy - Chapter 13 non-dismissed or non-discharged remain 10 years from the date filed. Unpaid Tax Liens remain indefinitely. Paid tax liens remain for up to 7 years from the date released. Paid or unpaid judgments remain on file 7 years from the file date. New York State Residents Only: Satisfied judgments remain 5 years from the date filed, paid collections remain 5 years from the "date of last activity". California State Residents Only: All tax liens remain 7 years from the date filed.
I have some baddies that just won't be removed that were included in bk, since I have tried everything, would it be possible to ask the cra's to report the day of last activity correctly? I have some that have moved the date up a couple of years, no need to have to suffer for it for extra years since they won't remove it. Thanks everyone!
You are mistaken. The underlying accounts in bankruptcies and judgments are subject to the same FCRA 7 year SOL as anything else. It is VERY important to make sure the initial default dates on those accounts are correct as they will come off sooner than the BK or judgment.
