Can someone please tell me... On a credit report with charge-off's and collections, which date am I looking for to see when it will drop off my reports (the 7 year thing)...Is it the date of last activity, or the newer date...Date reported. In other words, does the clock start over again when it gets assigned to a collection agency ? Thanks Deputy TU 540---Yuck EQ 556---Grrr EX 535---ACK !
It's the date of last activity. The CAs are not permitted to re-age the account (sometimes they do it anyway, but it's illegal).
