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dpld

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Closed debt life
If a closed debt is dead after 7 years, does that mean even 3rd party collectors are bound by the original closed date for action against me? Can I then appeal to have it removed as an expired debt?

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Debt collectors are only allowed to report 7 1/2 years (usually 7 years) from the DOFD (date of first delinquency) from the original charged off account. What the DOFD is, is the date that you missed the first payment that led to the charge off and collection. You do not go by the "closed date" of the account, the 7 year starting time, starts prior to that. Also if you are close to the 7 year mark (less than 6 months) you can ask the credit bureaus for "early exclusions" on the accounts and sometimes they will grant your request (not always though) if they don't keep trying.

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