I have an account which has been paid off for several years. I understand that there is a 7 year limit from the 1st date it is delinquent. Here is how it reads in experian... Account history: 150 days as of 9-1998 to 2-2000 120 days as of 8-1998, 6-1997 to 10-1997, 11-1995 to 4-1997 90 days as of 7-1998, 10-1995 60 days as of 9-1995 As of 7-2005, this account is scheduled to go ta a positive status. Also, they say that I am open/current with a $0 balance as of a few months ago when it was last verified. However, I called the company and the said I do not have an open account and wanted me to reopen one. Shouldn't this be removed next month due to the status as of 9-1995. Why and how are they keeping it on the reports with an open/current status if it is not. It has been verified countless times by the CRAs. Thanks, Cbrock007
In order for the 9-1995 date to apply you must have been considered continually late starting at that date which is not the case as it appears on your report. They are using the 7-1998 date as the start of delinquency since it looks like you were continually late starting at that date-- this was the begininng of the continuous delinquency that led to the account being sent to collections or charged-off. Make sense?
