Question on Date of Debt
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Question on Date of Debt
| Tue, 03-31-2009 - 7:30pm |
I have pulled a copy of my husband's credit report from Experian (and it is really bad of course we knew that) -- but in looking at it I am seeing all of these bad debts but when you look at the dates (I'm watching for the statute of limitations) I get confused on one of them it shows the date opened as 4/04 reported since 5/04 date of status 5/08 last reported 5/08 but then under account history it shows lots of past due but the 1st one is 30 days past due as of June 2005 - does this mean that we start counting from the June 2005?

I don't know if this will help you to understand because it has been a while since I read a credit report.
9 means charged off and it should give you the date it was charged off. The date it was reported only means that at that point the lender sent in a bunch of accounts to be recorded by the agency
That 2012 Date means it will stay on his report until that month and year. Earilier accounts should have closer dates next to them and the last ones that were charged off should have a date that is 5 to 7 years from the date it last had some kind of action taken on it.
Also if they were paid in full after the charge off date it should also say the account is paid in full.
Hope this helps a little
Mary Ann
I've been looking at some older credit reports that we had - and I have been reading up on the statute of limitations.
The Statute of Limitations for a delinquent debt starts when the debt becomes delinquent.
Your answer does help me..it is all so confusing - is there any of the 3 credit reports that is the easiest one to read?
Here is my interpretation on what is a somewhat
Thank you so much - that really does help me understand it better.
Just want to clarify that you can respond to the debt collector, but you must be precise in what you say.
I have never pulled an Experian, but TransUnion is easy to read and you have an option of seeing all three reports once a month.