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Posted: Tue Sep 18, 2007 4:45 pm Subject: What is accoung re-aging?

My debt counselor said that they will re-age the accounts in three months. What is that supposed to mean?

Posted: Tue Sep 18, 2007 4:56 pm Subject:

A legal reage is when a creditor resets date of last payment lengthening the time it will report on a credit report. If it is done correctly it can help a person's credit report.

Posted: Tue Sep 18, 2007 8:09 pm Subject:

Does that just mean that they will report my payments to the credit bureau?

Posted: Wed Sep 19, 2007 6:55 am Subject:

Yes it should adjust the amount due and reflect payments on their reporting cycle to the bureaus.

Posted: Wed Sep 19, 2007 9:18 am Subject:

Good they re-age the accounts every 2-3 months. That means that I will only see a difference on my CR once every three months. Maybe I should drop my credit monitoring then for now?

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What is accoung re-aging?

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