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I had a delinquent account at the library in Aug.2000. It was sent to collections in Oct.2003.Do I have to wait until 2010 for deletion or should it be gone now since it was defaulted in 2000?

By cdub69 Asked Aug 11 2009 2:15PM
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by applecrumble on Nov 12, 2009 at 2:36 pm Permalink

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The running of the reporting period for this on your credit report is seven years after it was placed for collection and not from the time you defaulted on payments. However, the older the item gets, it becomes minor compared with other more recent negative information.

You'll find more information on reporting periods for negative information on credit reports here: http://www.howtoestablishgoodcredit.com/fico_score.htm
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I had a delinquent account at the library in Aug.2000. It was sent to collections in Oct.2003.Do I have to wait until 2010 for deletion or should it be gone now since it was defaulted in 2000?

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