Hmm... I need to find out myself. I don't know what is the right answer to your question. I'll do some research and get back to you if I got an decent answer. You should email the people at Lending Tree as they probably could give you help..

There are actually two possible scenarios, depending on when the account was charged-off. The FCRA was amended in 1997 to specifically state that the seven year clock began from the commencement of delinquency. That is the date of the last payment that was posted to the account, eventually resulting in the chargeoff of the account (i.e. it was never brought current after that last payment). If your account was chargeoff after 12/31/97, then this would apply to you. It wouldn't be the date of delinquency+180 days + 7 years in this case, it would just be the date of delinquency + 7 years..

If the debt was charged-off before 12/31/97, then the old FCRA would apply, and the FTC opinion is that the date of chargeoff plus seven years is the determining factor. So in this scenario, it would be the date of delinquency + 180 days (when the account gets charged off) + 7 years as Mark had stated..

Even though there are two different scenarios based on the FCRA revision of 1997, almost all creditors and CRA's go by the new version regardless, so you are looking at 7 years from commencement of delinquency date..

Hope this helps...

Thanks. This helps alot. it looks like it drops off soon except the paid collection will then remain...

Have you had all your old addresses deleted from your reports and disputed the item as not mine?..

I agree with LKH in that I don't quite understand what you mean by this...

It doesn't matter if the collection is paid or not, or when you paid it. The original commencement of delinquency date is still the determining factor. It's seven years from that date regardless of what happened at any time after that...

Jdog,.

Don't forget to warn her that Exp. and EQ. measure from the DLA. BUT THEY SHOULDN'T..

You just faught them on this issue and won, remember?.

Dolly be warned, the accounts will probably be "reaged"..

Make sure you have reports that shows the original DLA from before you paid it...

Yes, that is true Butch. This is a fault in the way that Equifax and Experian report their information. They should have a separate indicator for a "date of status" or something similar, but they don't. Therefore, if the creditor or CA updates the account, the DOLA changes and the scoring system reads it as a recent account which kills the score..

I did call Equifax on it, and they deleted it without much of a fuss once I was able to show them the previous reports and creditors records showing the original delinquency date..

Dolly, I would take a real hard look at the dates being reported on the account and get on the CRA if they have effectively re-aged the account due to their reporting of DOLA..

This is another lesson in KEEPING RECORDS OF EVERYTHING! :).

Oh, and I do remember this very well, Butch. It is hard to forget a 100 point FICO drop! :)..

How well I remember. I've gone back to that thread numerous times. Every time I read it I get something new..

I've even referred to it in a cpl posts, and then I never hear another word about it. I think it scares em..

:).

But anyway, yep I think we have an intrinsic violation, much like the one TU has when their system won't allow In Dispute notations...

1*Dolly be warned, the accounts will probably be "reaged"..

2*Don't forget to warn her that Exp. and EQ. measure from the DLA. BUT THEY SHOULDN'T..

Butch.

===========.

Using account opened date would prevent both of these.

LB 59..

Thanks All,.

I thought that just having a recently paid collection would be considered a derog. Thus, the derog would start the clock again. According to Eq, the original derog is supposed to drop off in a couple of months. As I just paid the bill off, I thought the new paid collection status,( ie last activity,) would show up another 7 years. I think I'm clear now. The clock will not start over.



Also, I have not deleted all of the old addresses. I thought that since I used to live at those addresses, I could'nt dispute them as incorrect. Is there a thread showing how I can dispute the old address which may result in a deletion of the paid collections?..

Just fax them a letter saying "I have noticed incorrect personal information on my credit report and I would like to have it updated..

I have never lived nor received mail at the following addresses:.

XXXXXXXXXXX.

XXXXXXXXXXX.

XXXXXXXXXXX.

I have never gone by, nor applied for credit, in the following names:.

Jane Doe.

Jane X. Doe.

Jan Doe.

Sincerely,.

Dolly.

SSN.

DOB..