Can a charge off be taken off your credit report if it is more than 7 years old?

Federal law (US Code Title 15, §1681c) controls the behavior of credit reporting agencies. Under FCRA §605 (a) and (b), an account in collection will appear on a consumer's credit report for 7.5 years. The clock starts approximately 180 days after the date of first delinquency on the account.

To learn when an account will be removed by the credit reporting agencies (TransUnion, Equifax, and Experian and others), add 7.5 years to the date of first delinquency. Subsequent activity, such as resolving the debt, is irrelevant to the seven-year rule. However, if the debt is a tax lien, that can appear for seven years from the date of payment.

A bankruptcy will appear for ten years from the date of the final order. Delinquent federal student loans can be reported indefinitely, i.e. , for as long as they are delinquent.

Regarding the second part of your question, "...when disputing the items should I dispute them in the same letter?" the answer is to dispute each item separately. Under the FCRA, the consumer credit reporting companies are allowed to refuse to investigate any challenges that they consider frivolous. A factor used to gauge if a challenge is frivolous is if a consumer challenges too many things at one time.

Limiting the number of items challenged will avoid the challenges labeled as frivolous. Therefore, the smartest strategy is to take your time and dispute one item at a time. Trying to dispute four items at once may be counterproductive.

Correct the Errors Tell the consumer reporting agency, in writing what information you think is inaccurate. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request that it be removed or corrected.

You may want to enclose a copy of your report with the items in question circled. Send your letter by certified mail, "return receipt requested," so you can document what the consumer reporting agency received. Keep copies of your dispute letter and enclosures.

Consumer reporting agencies must investigate the items in question -- usually within 30 days -- unless they consider your dispute frivolous. They also must forward all the relevant data you provide about the inaccuracy to the organization that provided the information. After the information provider receives notice of a dispute from the consumer reporting agency, it must investigate, review the relevant information, and report the results back to the consumer reporting company.

If the information provider finds the disputed information is inaccurate, it must notify all three nationwide consumer reporting companies so they can correct the information in your file. When the investigation is complete, the consumer reporting agency must give you the results in writing and a free copy of your report if the dispute results in a change. This free report does not count as your annual free report.

If an item is changed or deleted, the consumer reporting company cannot put the disputed information back in your file unless the information provider verifies that it is accurate and complete. The consumer reporting company also must send you written notice that includes the name, address, and phone number of the information provider. If you ask, the consumer reporting agency must send notices of any corrections to anyone who received your report in the past six months.

You can have a corrected copy of your report sent to anyone who received a copy during the past two years for employment purposes. If an investigation doesn't resolve your dispute with the consumer reporting company, you can ask that a statement of the dispute be included in your file and in future reports. You also can ask the consumer reporting agency to provide your statement to anyone who received a copy of your report in the recent past.

You can expect to pay a fee for this service. To read more about how to dispute the errors please visit: http://www.bills.com/dispute-credit-repo... I hope this information helps you Find, Save, and Learn. Best.

It's not determined by the last time you paid on it. It's determined by the date of default as recorded by the original lender. It stays for 7.5 years from that date per the FCRA.

Statutes of limitation on "collectibility" are a completely separate issue from credit histories.

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