Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
fastfranker

0 Contributions
0 People Helped
dose crrdit last from the day it was accured or when it was turned over for collection

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1131 People Helped

If you are asking when the "seven year credit reporting time period" begins, it begins at the time that the original account became delinquent  and no more payments were made on it, DOFD date. DOFD is "date of first delinquency" this date is sometimes reported on your full reports directly from the credit bureaus or an easy way to figure it out is figure the DOFD is one month ahead of the last payment made. Late or missed payments remain for seven years from the time that they occured. Unpaid federal loans or unpaid court ordered judgements are exempt from this law. (the law is actually seven and a half years, but the credit bureaus go by seven). Also do some reading on "Early Exclusion" if you are approaching the seven year mark.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.