If you were to download a "Credit Report" from TransUnion's website, you will not see these two defaulted accounts or any collection accounts that are related thereto.  TransUnion's policy is to purge all accounts that contain "Derogatory" information 6 years from the "Original Date of Default with the Original Creditor".   However, that information is retained for 20 years on a "Consumer Disclosure Report" which is available ONLY for your personal use.

 

Once you have defaulted on an account with the Original Creditor, that information is then reported to the credit bureau.  The original creditor will then attempt to collect on the debt using the services of their internal collection department.  If after a period of approximately 180 days, they are unsuccessful, the debt is usually assigned to a collection agency to collect.  It is then up to the collection agency as to whether to report this account as a collection account to the credit bureaus.  It is not automatic.

 

Usually after a period of 6 or more years, if there has been no further activity on the account, the original creditor will make a final report to the credit bureau.  This is called the "Reported Date".  On both of your defaulted accounts, the "Reported Date" was on a Friday.

 

The "Posted Date" is the date that this information was posted to your account.  Because of the volume of reported accounts from all across Canada on a Friday combined with the 2 days on the weekend when the credit bureaus are closed, it takes about 5 days when this information gets posted to your account.

 

A good analogy to this scenario is if you go to your bank to pay, let's say a credit card bill on a Friday but it will not post to your credit card account until at least Monday or perhaps even Tuesday.  Regardless of when or where you pay it, it is not considered paid until the creditor receives it.