I had filed bancruptcy in February 2000. I have several credit cards that show up as discharged thru the bancruptcy and show up as so on my credit report.The bancruptcy was dismissed-meaning not finished and not discharged. But the credit agencies don't know that. Should I maka a request 1st -informing that the information is past the 7 years or, not mine, or incorrect information. Then once I have those cleared can I inform them again that the bancruptcy was not discharged or perhaps just incorrect. Would that then cause the other credit items to be reinstated?
When was the DOLP or DOFD? Take that add 7-7.5 years and thats when the account would fall of your cbr. The only way to legally re-age the account is to make a payment on it, in some states.
I've seen conflicting information on this one point. In my reading of some documentation explaining FCRA, supposedly you could only re-age and account by making a payment prior to 1996 or 1997 (can't remember - too many dates!). After that point, supposedly the only was to re-age a debt is to bring it current, then go into delinquency again. I'm not a lawyer, so I don't know how to exactly get that out of my reading of FCRA, but I see that explanation in a lot of places. Are there some states that override the revision?
I've not seen any of that, many people on here have posted the same information, ontrack for example. The only way that I am aware the statutes can be renewed, in some states, a payment is made on the account. If the state law does not allow a payment to renew the SOL then either the DOLP or DOFD is used. If the account is brought to court and a judgment is obtained against the debtor of course then you would use the judgment SOL, from the date the judgment was obtained, and usually can be renewed.
Date of first delinquency, and its use in determining the credit reporting period, is defined in FCRA, with footnotes: http://www.ftc.gov/os/statutes/fcradoc.pdf See S605(a)(4), and S605(c)(1), and footnote 2.
It seems like Collectman is saying that making a payment can re-age and account and Ontrack is saying it can't. Am I misreading? Collectman says "The only way to legally re-age the account is to make a payment on it...", and Ontrack says in another thread, "Even if you HAD made a payment in 2003, that payment would NOT have restarted the 7 year reporting period. To become delinquent again, you would have had to bring the account current, and then become delinquent. No payment to a CA in 2003 could have done that." So which is right?
Go online and dispute the account that is reporting incorrectly. When you log on it will give you the choices to dispute the account, pick the best one.
