No lates=charge off?

Discussion in 'Credit Talk' started by QUEEN_BEE, Mar 26, 2003.

  1. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Poking around at the EQ FICO simulator...

    -Seven year payment history:
    30 days late:0; 60 days late:0; 90+ days late:0

    How do they know when the seven-year reporting period is up? Plus, how can an account be charged off when they have no RECORD of late payments (other than what the OC told them)?
     

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