Collection Agency...Illegal Reporting?

Notify the CRAs immediately. It looks like they have illegally re-aged your account. You could possibly even make a quick $1000 bucks for this violation if you took them to court.

SOL and Federal Reporting time limits are 2 seperate things. Federal reporting starts at the Date of First Default and can only stay on your reports for 7.5 years from that date. Were you sure you were past the 7.5 years when the OC dropped off? Do you know an approximate DOFD? I would call the CRA's and ask for the DOFD as reported by the data furnisher to see if it jives with your records. If they have illegally re-aged the tradeline, they may be liable for $2500 per violation. If they are reporting to all 3 CRA's = $7500 + punitive damages if you can prove them.

The original account was first 180 days delinquent in January of 2000. It dropped off in Dec. 2007, so that would be right. The account was charged off in July 2002 and purchased by the current CA in 2004. They are reporting that it won't drop off until October of 2009. I'm in MI and the SOL is 6 years.

OOPs...I wasn't logged in.

Dispute the TL's with the CRA's reporting it as Obsolete. See if they verify. If you have evidence to support your claim and they verify, start typing up your ITS letter.

Thanks for the advice...I'm going to get on it. One more thing, though..is it also a violation for the CA to report a different account number than the original? I thought I had read somewhere that the same account should always have the same account number on the CR no matter how many times it's been bought and sold. Maybe I'm wrong about this.

I'm pretty sure they're allowed to list their own file number. However, they are required to list the original creditor's name.

Who's the CA?

Investment Retrievers, California, via their Michigan attorney-at-law