re-aging debt on Experian by AACLLC
Date: Fri, 12/08/2006 - 21:41
by "my" re-aging I mean...
not updating because I sent a payment or anything...my last payment was like seven years ago and AA is reporting to Experian last date of activity is this year.
I imagine if I ask for a Validation it would have to show the truth...I mean, there is no way one of these companies could get away with saying they received a payment that was never sent just to make the debt look newer. In court, or in the lawsuit they would have to show a cancelled check or money transfer of some kind. HOW IS IT THAT ASSEST ACCEPTANCE HAS NOT BEEN SHUT DOWN BY NOW?
Has anyone here ever successfully sued and collected from someone who does this?
Quote:Creditors or collection agencies, and credit bureaus if th
Quote:
Creditors or collection agencies, and credit bureaus if they try and "Re-age" your account by updating the date of last activity on your credit report in the hopes of keeping negative information on your account longer Consumer protection afforded by the FCRA FCRA Section 605 (c) Running of the reporting period $1,000 |
kevland1-- Here is some info about re-aging debts: Quote
kevland1--
Here is some info about re-aging debts:
Quote:
Re-aging debts is the process by which a collection agency reports the debt as becoming delinquent on the date it was referred to the collection agency in an effort to extend the time during which the debt can be reported on a consumer????????s credit report. This practice violates not only the Fair Debt Collection Practices Act (fdcpa), but also the Fair Credit Reporting Act (FCRA). The FCRA states that a debt can be reported for 7 years from the date of the original delinquency. Altering the date of the original delinquency violates the portion of the FCRA which states that a furnisher of information must report the first date of delinquency, or be subject to fines in the amount of $2,500 per violation |
Hope this helps :D
I got AA reports on my credit file removed when I disputed the i
I got AA reports on my credit file removed when I disputed the information
ok say if a another company purchases ur debt can tehy then repo
ok say if a another company purchases ur debt can tehy then report it for another 7 yrs as delinquent?..im just asking because i have an account due to be off my report in a few months but the new company is reporting it as last payment in 2004 wich would leve it on my report until 2011 instead of 2007..also i would think this is reaging since i made no payment in 2004..but i have no proof of it
You account goes back to the time when the last monetary activit
You account goes back to the time when the last monetary activity takes place i.e if they received a payment on July 3 2005 then it's 7 years from that date, thats why keeping up with your paperwork is so important
guest
yeah my point exactly.. i made no payment to this co.. it seems as if they are reporting from time they bought it not when i made payment...illegal in my eyes..i know when i made last payment.. but im letting them do the work to prove to me that i made that payment..my last payment was a yr earlier.. thye have to have some proof i made that payment..even at court thay asked if i knew when i made my last payment and i plain out told them if u brought me here shouldnt u know that .. so they had it continued.. prolly trying to fake some documents or something
I would file a dispuet with thsi particualr reference on your CR
I would file a dispuet with thsi particualr reference on your CR, file with all 3 agencies
Have you contacted the original creditor?? They could probably g
Have you contacted the original creditor?? They could probably give you something that would have the last activity on it.
