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Have a charge off from Bank of America last date reported was September 2007 recently Bank of America updated the status

San Jose, CA |
Filed under: Credit score

July 2013 as a charge off they updated the status what does that mean and will the account till fall off next year when the original date of last reporting was back in 2007

Attorney Answers 3


  1. Most negatives, except BK, will fall off after 7 years. However, if this is a recurring obligation, like a mortgage, each missed payment is a separate negative. If this is an installment note which is not yet due, you may continue to see negatives for a very long time.

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  2. Your questions is somewhat complicated. The short answer is that updating the status date can affect how long the account will be reported on your credit report. This kind of action is called "re-aging" and it can adversely impact your credit score, and it is usually done in error and can be corrected by disputing it with the credit bureaus.
    However, in your case, you should consult with an attorney in your area regarding your potential financial liability for the underlying debt. If you owe it and you begin disputing it, this could trigger collection efforts against you.
    I hope this helps!

    NOTE: This Answer does not constitute legal advice. Every case is fact specific. To render a legal opinion, an attorney must engage in a consultation with a prospective client and review any pertinent documents. This communication does not create an attorney-client relationship with Attorney Rochelle N Belnap or Belnap & Forbes, PLLC.


  3. talk to a local attorney familiar with the intricacy of the fair credit reporting act about the specifics of your situation. good luck.

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