Help how to resolve credit report problem
Date: Thu, 08/18/2005 - 11:45
I need help in understanding whent he clock starts on the 7 year mark. My date of last activity was 11/97 on a old credit report with the original creditor. Now a collection agency is claiming they purchased this debt and they say this debt will now stay on my credit report from the date they acquired the account which is April 2001. Help, I don't know what to do to get this resolved.
Hi Diane Welcome to the forums. Please be alert because the c
Hi Diane
Welcome to the forums. Please be alert because the collection agency is falsely representing your accounts regarding SOL.
The Statute of Limitation is taken into effect when last activity was seen in your accounts. It does not get renewed when the debt is purchased by any agency.
Please ensure the latest standing of your account by pulling the latest credit report from the three bureaus. Some agencies try to purge the dates of the last activity. In case, if the date is found disputed, you can send a letter to the concerned bureau and request for verification.
Regards
Roxette
