Expiration from which date?

Discussion in 'Credit Talk' started by Pat, May 24, 2001.

  1. Pat

    Pat Well-Known Member

    Which date is used to determine when a tradeline is obsolete?
    Date Opened or Date of Last Activity?
  2. Momof3

    Momof3 Well-Known Member

    Account in good standing, I would think Last day of activity.

    Accounts in bad standing, first day the account went delinquent.
  3. roni

    roni Well-Known Member

    Positive tradelines are not ever really obsolete. They can stayon for 10 years or more depending on the credit bureau.

    Negative tradelines are obsolete 7 years after the first date of delinquency as per the new FCRA of 1996 which is usually 180 days before the charge off date.
  4. Pat

    Pat Well-Known Member

    Ok, I just want to make sure I get this right. So say I was delinquent first in 94, then again in 98, and then the chargeoff. Does that mean 94 is the date I start counting from? And that it should be removed as obsolete now, because it's a month over 7 years old???? (I hope)
  5. roni

    roni Well-Known Member


    the first date of the delinquency which lead to the charge off.

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