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Topics addressed on April 25, 2012:
How to determine an account’s original delinquency date
How do you find out the original delinquency date of an account?
The original delinquency date is the date the account first became delinquent and was not brought current. This date is used to determine when the late payment information is deleted from your credit report.
If you obtain a report directly from Experian, each account will list the “date the account is scheduled to remain on file until,” which is calculated using the original delinquency date as reported by the creditor. Simply subtract seven years from that date to determine the original delinquency date.
The original delinquency date applies to the first late payment in a series. So, if a payment is late today but next month the account is brought current, seven years from today that late payment would be deleted, but the account would continue to be reported with the more current payment history.
However, if an account were to become late today, the payments were never brought current, it was charged off as bad debt, closed and sent to collection, then the original delinquency date would be today’s date. Even if the bad debt was eventually paid, seven years from today’s date, the closed account and the subsequent collection account would be deleted.
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