From what DATE do they count when determining when bad items "fall off" your credit score?

This gets so depressing.

I've answered this very question dozens of times...posted sources and everything. And I constantly get the same people coming back and answering this wrong.

SCH.....if you want me to stop poking fun at you, either turn on your email or learn to answer the question correctly.

OK, once again...lets all open our books to the Fair Credit Reporting Act (see below).

The reporting period for negative items on your credit report is 7 years, beginning from the date of the delinquency.

That date is defined as the day that your payment was due and you missed the payment. Example, if the due date was Jan 1, 2000 and you missed that payment, THAT is the delinquency date. NOT 180 days after that period. NOT the last transaction date. NOT the charge off date.

And SCH....you can NOT restart the reporting date if it's sold to another collection agent. Trust me....you try that to one of the people I work with, you will quickly find a lawsuit in your mailbox and you will lose $1000. Been there...done that...many times! Re-aging debts is illegal.

It falls off 7 years from the date of the first delinquency that resulted in the account being considered delinquent/charged-off/sent to collections/etc.

For example, say you have a cell phone bill, stopped paying it in October 2006, and then your failure to pay eventually resulted(a few months later) in the bill getting written off and sent to an external collections agency. The 7yr SOL will start from October 2006, the date of the first time that you stopped paying the bill, which is the activity that led to it being sent to collections and reported on your credit reports.

If you pay a collections account, it will NOT restart the 7yr SOL for reporting derogatory info. It is a VERY common misconception that paying a collections account will restart the 7yr SOL. The only thing that a collections payment may trigger, is restarting the SOL for the amount of time that the collections agency is legally entitled to go after you for the money. This SOL varies from state to state, and is usually less than 7 yrs. For example, say you owe a collections agency $300 for aforementioned cell phone bill. You pay $100 in July 2007 then neglect to pay the rest. Paying that $100 might restart the SOL for the amount of time that the collections agency is able to go after you for the remaining $200 that you owe them. If you are within the SOL of owing a creditor, sometimes the creditor might opt to sue you in court for the owed money, which might later result in wage garnishment(but lawsuits usually only occur for BIG debts owed...basically >$1000).

The only other bad effect that paying an old derogatory debt has, is the temporary bad effect on your credit score. When you pay an old collections account, the payment is considered "recent," which will show "recent activity" on an old collections, which can lower your FICO score. But generally your score is only lowered for the first 6mo after you pay off a collections, and then it will rebound again(usually a little better than before you paid it).

It's 7-years from the date of first delinquency.

According to the Fiar Credit Reporting Act, the reporting period runs 7.5 years - (7 years + 180 days) from the date of LAST DELINQUENCY (aka - date of last missed payment).

That date cannot be re-aged no matter how many times it was sold.

Actually it can be 7½ years from the date of last activity, or when it first went delinquent.

"As of December 29, 1997 the reporting period runs 7 ½ years (7 years plus 180 days) from the date (month and year) of the last delinquency (known as "last missed payment:).

So, regardless of how long a creditor waits to charge off, sell or transfer a debt, they must report the true and correct "delinquent or last missed payment" date (month and year) that preceded the creditor's action. "

Taken from http://www.fair-credit-reporting.com/credit-laws/c...

7 years from the last activity on the account. For instance if you had a account go into collection on 1/01/2000 and it was there until 1/01/2006 then you made a payment on that day. it will stay on there another 7 years.

Its 7 years and 180 days from the last deliquency.

False - Once you paid the 7 year period restarted - False

False - If you do not pay the debt it shows up on your credit report again - False (Its illegal as stated by the FCRA - ReAging of accounts)

True - Original creditor may still be able to sue you for the debt depending on the Statute of Limitiations in your state

It is seven years from when the account went deliquent. I had a surgery on Feb 25 of 1999 and I started getting billed for thousands sometime in March of that year, but ALL of it fell off my credit in Feb of 2006. I know because I checked my credit every year in Feb because we were trying to get a house.

ITs from the date u paid it off.. then it up to 7 years

OK...1st of all, if the item is not paid once it falls off, the debt is reassigned by the original creditor and it goes back on...this occurs until the debt is paid or they file a judgment against you for payment (judgments stay on for 15 years).

Technically it will fall of 7 years from the date of last activity, but like I said, it will be reassigned if it has not been paid, unpaid debt never really dissappears.