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My ex-husband get the car from the divorce settlement and didn't make payment. The car has both of our name on the loan and he filed for bankruptcy. The creditor didn't repose the car. I was angry so didn't pay off the $10,000. The first date of dilinquency was in 2005 but I saw on my credit report as charge-off with reported date 2008. However, it still says $2100 balance. Will the 7 years period be counted from 2005 or as the showing reported date 2008? I don't think I will feel peaceful to pay it but 7 years from 2008 is just too much.
Hi Pepermint
I presume you have not made any payments since your last delinquency i.e. 2005. If so then the charge-off should begin from 2005 and not 2008 as the creditor has reported.