if I used my CC on 05/93 stoped paying in 10/93 and payed the entire balance in '95 when does the clock start if they even closed my account in '94 please give some refernce so I can go about fighting it Thanks In advance
RE: when does the 7year clock They can only report the debt for 7 years and 180 days after when the debt becomes delinquent. The sure way to think of when your debt became "delinquent" is when they call in collections, whether internal or external. If you stopped paying in 10/93, assuming that your debt was changed to delinquent status after 3 months, plus 180 days, I think you would be safe in assuming that it will fall off your credit about June or July of next year. You could probably dispute the debt fairly soon. My experience has been that they aren't that strict about the 180 day part. TomL
RE: when does the 7year clock That is only for accounts that went delinguent or charged off after 1997. Older accounts use the chargeoff date to calculate the 7 year clock. Kristi posted a complete explaination about this about 10 days ago. roni.
