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Question By
boonefrog

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"Open - Collection/Charge-Off" Utility Account from 6.5 yrs ago - will it go away or should I pay?
It's a $142 Skyline telephone company bill opened april 2nd, 2008. Showing no missed payments but I'm assuming that's cause they didn't track it. The remarks read" Charged off account" and "Credit line suspended"

This seems to be the main thing bringing down my payment history category of my Equifax report as it seems to show them as total payments not made on time, but it's only been tracking them over the last 6 months?? See screenshot here as it looks like it's counting *current* ongoing months as missed payments just starting recently: https://imgur.com/a/pqZnQ

Will this go away since it's been 7 years since it went late? Or should I do something now?

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It will fall off your credit reports 7 years from the date of the first missed payment that led to the charge off. The date you opened the account doesn't have anything to do with the credit reporting period. Figure out when the date was that led to the charge off, this should be able to be located on your credit report. If you believe that it should not be on your report any longer or that it is close to falling off you may want to dispute it with the credit bureau or ask for an "early exclusion" on the account.

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