Re: Seven Yrs - correction

Posted by LadynRed (199.91.33.254) on January 05, 2004 at 09:12:29:

In Reply to: Re: Seven Yrs posted by Drew on January 05, 2004 at 00:02:47:

Not quite. Per the FCRA it is 7 years +180 days from the DATE OF 1st DELINQUENCY that preceeded the charge-off. Date of last payment has nothing to do with it unless the last payment brings the account 100% current.

If you're 5 months behind, owe $500, and send them $20, that does not bring the account current and it does not change the date because the account would STILL get charged-off the following month.

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