member profile picture

date of first delinquency was 9/2003. Date major delinquency first reported was 3/2004. Date of last updated was was 12/2006
some one pleas explans what is "date of first delinquency"
and "Date major delinquency first reported " and what is "Date of last updated " and in FL that is a bad debt? what is statue of limations in FL




Date of First Delinquency (DOFD) - Is the date you missed your first payment and never brought the account current

Date First Delinquency reported - all data furnishers are required per the ammended FACT Act to provide the DOFD on any tradeline w/in 90 days of first reporting the tradeline

Date of Last Update would be the the last update by the CA, JDB, OC that reported the tradeline.

SOL in FL is 4 years on open accounts and 5 years on written accounts. Recent case law supports a 4 year SOL on Dept store credit cards:

portfolio recovery associates, LLC, Appellant, v_ PAUL FERNANDES, Appellee_ Circuit Court, 15th Judicial Circuit (Appellate) in and for Palm Beach County

Sub: #1 posted on Sat, 08/09/2008 - 17:38

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4666 | Credits: 308.23)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.890 seconds.