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Ang · Posted: Mon Apr 16, 2007 3:01 pm Subject:

So let me see if i understand this correctly... Will the debt stay on your report for 7 years from charge off date or from date CA took it over? And if i pay CA settlement will it then come off my report? This is a bit confusing to me. Also, how can a 4,200 credit card debt suddenly be 9,400? Seems a bit astounding to me!
Thanks for any answers.

Posted: Mon Apr 16, 2007 4:25 pm Subject:

The negative item will stay on the credit report from the date of first delinquency. Some collectors try to re-age the debts by posting the latest dates when they got your file. By doing this, they try to hurt the credit for longer period. If you see the collector doing such illegal activities, dispute the item with the CRA. They will need to correct the reporting.

Posted: Mon Apr 16, 2007 8:12 pm Subject:

johnny · Posted: Thu Apr 26, 2007 5:44 pm Subject:

If the SOL is 7 years, is it 7 years exact since my last payment or is it 7 years and 180 days? It will be 7 years in may. I called them about another account that does not belong to me and they brought up the one that does. Did I wave a red flag for them to sue?

All three credit bureau's deleted the one that is not quite 7 years yet. so do I have anything to worry about as far as asset acceptance taking me to court?

Posted: Fri Apr 27, 2007 4:09 am Subject:

SOL for credit reporting and SOL for filing a lawsuit are two different things. What state are you in, and what was this debt for? Also, did you admit to owing it or make a promise to pay?

As for credit reporting, I'm pretty certain that it's seven years from date of charge off, not from date of delinquency.

johnny · Posted: Fri Apr 27, 2007 9:59 am Subject:

I am in Texas. two of the debt's are for credit cards $11000 each from First USA bank. I only had one First USA card. The third one is for ATT wireless $900, I never had an ATT cell phone. I did not admit to owning the debt, but I did say I had a First USA card before. I simply asked them to send me more details on these debts as far as account numbers and original dates to see if it matched my records. Of course they said their legal department would only limit the information they send me. I just wanted a letter from them with the dates so I can send it to the credit bureau to get them deleted. asset said ATT wireless is from 1996, but when they reported it they changed the date to 2005 so it will remain on my records till 2012.

I just found this site and I didn't know they can take me to court. Now I'm thinking I shouldn't have called them at all.

Posted: Fri Apr 27, 2007 10:05 am Subject: credit report

I would dispute that with the reporting agencies johnny, they can't change the date of the debt just because you talked to them. File a dipsute with the reporting agencies.

johnny · Posted: Fri Apr 27, 2007 10:44 am Subject:

I have disputed it twice. I spoke to experian and they told me to get a letter from asset with the original date and they will delete it for me. Not sure how I would be able to get a letter like that. Asset said they can't send me that type of information. However, equifax deleted it but experian and transunion wouldn't. This $900 att wireless is the only thing on my credit and I never even owned an att phone.

Posted: Fri Apr 27, 2007 5:13 pm Subject:

johnny, now that they have your contact info, you can probably count on more collection activity. You do have claims for reporting violations if you dispute the accuracy and they fail to do a reasonable investigation. This liability can extend to the reporting bureau and the company reporting the account if the dispute is sent to both. Additionally, re-aging an account to keep it on the credit report is a violation of the FCRA.

Tracker · Posted: Tue Jun 12, 2007 8:14 pm Subject: Summons by phone?

To the first post: You cannot be summoned to court by phone. Nor can they get a court to rule against you unless you've been served a summons, which comes certified mail or by a deputy sheriff.

I also doubt that once something is outside of the SOL, that they can legally sue you for it, whether you admit to it or not. A SOL is from the date the incident first occurred. If you steal something from someone, but the SOL is ten years in your state, and they find you after 11, do you think they can prosecute you? No.

I would consult a lawyer before believing anything here.

Posted: Tue Jun 12, 2007 9:12 pm Subject:

Uh tracker the first post never ever said that you would be served a summons by phone. Re-read the post, the only thing about the phone is when a collector calls you. The post said not to stay at home if you get sued, there was no implication that you are served by phone. Also CA's do try and sue for debts outside of the SOL and hope you don't show up to contest it. CA's have been known to change the date of the debt. Oh wait, we all know CA's never do anything illegal.

Now, move along and call those people beacause your not going to get your commission by wasting your time here trying to twist things around.

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