Possibly a stupid question but...

Discussion in 'Credit Talk' started by KHM, Sep 14, 2002.

  1. KHM

    KHM Well-Known Member

    If something is reported as
    >Status as of 01/1998: 120 days past due<
    does that mean the first delinquency was 7/97?

    Here's how the acct. is reported on TU:

    CAPITAL 1 BK Acnt#: xxxx Revolving Account
    >Settled--less than full balance<
    Credit Card

    Verified date: 03/2002
    Balance: $0
    Individual Account

    Opened: 04/1998
    Most Owed: $187
    Payment Terms: $0

    Closed: 01/1998
    Past Due: $0
    Credit Limit: $0


    >Status as of 01/1998: 120 days past due
     
  2. tnobles

    tnobles Well-Known Member

    opened4/98 closed 1/98? how?
     
  3. KHM

    KHM Well-Known Member

    t-
    $64,000 question....
     
  4. LKH

    LKH Well-Known Member

    Assuming the close date is correct?? Then I would assume the dola would have been 8/97 or maybe 9/97. 120 days back would be 90 days in Dec., 60 in Nov., 30 in Sept. current in 8/97.
     
  5. Butch

    Butch Well-Known Member

    9/97 I'd bet.

    The date the acct went DELINQUENT.
     

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