Reported Date?
Date: Mon, 10/12/2009 - 16:43
well when looking at my report today i see i have one CA that has a report date of 9/2009 and i haven't done anything with this account as its 6 years old and paid off.
so i'm wondering what do the scores look at...do they really focus on report date, or is it actually how old hte account is? is paying down CA's really hurting me? If so, why is the report date for one i've had no activity on changing?
Which state are you from? If the account is six years old and yo
Which state are you from? If the account is six years old and you haven't made any payments towards it in all these years, then it might have outlived it SOL by now. Check with you state's statute of limitation. Paying it off now to a collection agency would reset the Sol clock, which wouldn't be a wise thing to do. Also a negative information is gonna stay on a report for seven and a half year, i.e. in a year and half it'd gonna disappear from your report.
Pa...i'm not worried about SOL, i'm worried about the reported d
Pa...i'm not worried about SOL, i'm worried about the reported date on my CR. i had heard that's how they base the aging on, not the DOFD. so while it will drop off 7 years from DOFD, the report score is looking at DOLA...that's what i'm trying to find out...
I am really new at this credit report thing but it is my belief
I am really new at this credit report thing but it is my belief that old debt from the OC should be left alone. the bad news is they sell the debt to junk collectors who report it to the bureas and it starts all over again. However, and please someone let me know if this is correct, if you see an old account on your report and see it again posted by a CA and the CA has not validated the debt you should send a DV letter and if they do not provide appropriate documentation the bureau should delete it. I think this is an FDCPA violation if they cannot provide proof of the alleged debt. Also sometimes your own state rules and regulations are stricter than FDCPA.
