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Re: 7yr. clock


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Posted by dave on October 18, 2000 at 02:07:06:

In Reply to: 7yr. clock posted by Bea on October 18, 2000 at 02:06:22:

Count seven years from the date of each late payment and the record of that payment should fall off.

: I know that you have probably answered this question
: several times but, I have a situation where my late
: payments were reported on a revolving account that is
: still active. The most recent late payment recorded on
: this account was in 1997. Since this is a revolving
: account when does the seven yr. clock start ticking?
: Will this information ever be updated on my credit
: report if no other delinquencies occur or is this
: information reported for the life of the account?


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