Equifax and the 7 years on joint accounts - 1 in bankruptcy

Discussion in 'Credit Talk' started by DustyRoads, Nov 2, 2015.

  1. DustyRoads

    DustyRoads New Member

    An Ex Girlfriend and I had a joint account on an auto loan. The account was charged off in April of 2009. She file bankruptcy in late 2009. The account was recently updated as paid as agreed and in the remarks it says "Account paid for less than full balance". When should this trade line fall off my credit report? When does the 7 years start for my as a co signer?
  2. jam237

    jam237 Well-Known Member

    The time period is roughly 7 years from the time the first payment was missed that resulted in adverse action.

    You would want to consult an attorney to see EXACTLY how your situation would be.

    You may want to look at Johnson v. MBNA; and try a similar dispute to see whether you may be able to get it off any earlier. The difference being Johnson was only an AU, not a co-signer, but if the credit report is reflecting the BK status on your report in any way, I would think a dispute of *THAT* would be potentially productive.

    I typically look at every part of the entry to see if there is anything which is remotely incomplete, inaccurate or unverifiable and dispute those things specifically. (The more complex the better. But of course, that's because I am looking for a reason to file.) :)
  3. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Have you tried disputing with the credit bureaus per jam's advice DustyRoads? If so, I'm curious what response you received. Will you please come back and give us an update on your progress? Thanks!

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