Okay... sorry for the delay. Looking at my old reports were fun. It is a pleasure to see how far I have come from May 2000, thanks a great deal to Creditnet. My loans defaulted in August 1996 (and transferred to ASA) ,but they weren't reported by ASA until March 1997. But the date the loans first became delinquent with the original loan holder was August 1995. Experian: ASA had the original date of deliquency in 1996 and Experian said that it would fall off in 2003 - exactly 7 years from the date "claim filed with the government", which was in 1996. Equifax: ASA had the date of last activity in August 1996, but Equifax had no statement on when the loans would have fallen off. I *think* it is 7 years from the date of last activity, putting it at 2003. Trans Union: ASA listed accounts as "status as of August 1996", which Trans Union told means the date from which the account starts the 7 year clock, again putting the fall off date in 2003. Obviously - all these loans have long since been deleted through rehabilitation, but it does seem that ASA at least lists the date of the initial default as the date from which the 7 year clock starts. But not the date of the initial deliquency.
Marci, Don't worry about the delay I really appreciate the information. MY loans were charged off by the original creditor in 8/96 then referred to the gurantee agency (ASA). The loans originally went delinquent in 1/95. EQ: Disputed loans as not mine, deleted from report over a year ago. EX: Disputed/always comes back verified, Claim filed against gvt 11/96 due to come off 10/2003. Threatened to sue original loans were deleted. ASA remains TU: In dispute now. Original loan still shows up DLA 8/96, ASA 1 loan opened and closed in 8/96 Obviuosley incorrect. The original loans should be off my credit report because the date of first delinquence was 1/95. It's my understanding that when a loan is refered to a collection agency (in essence what ASA is) they should use the 1/95 date as the reporting date not the date of charge off from the original creditor. I'm dying for the answer to this question. I have called the FTC about this and I get several different answers. On top of this ASA has never responded to any of my requests for information on these accounts. Those people are so difficult to deal with. Thanks again for the info Marci.. EdG Back in the 600 club
