OK. I had an account with "Company A" 7 years ago. I disputed the account for Statue of Limt. Last year and they removed it. Well, "Company A" sold it to a A Credit Company 3 years ago and they marked it on my Credit as Well. I was fortunate to remove both off my score. Well today they posted it back to my credit report and it dropped me 75 points!!!! Since the original account is 7 -8 years old, can this new company continue to report it on me? I though due to Statue of limitaion on the OG they couldnt? Please help!
Dispute with the credit bureaus as "Account has been illegally reinserted without proper notice by <CRA Name> and has been illegally reaged by <OC #2>. Please delete."
Absolutely. I'd wait 5 business days, and then 3 more, for slow mail. I just mailed something cross country and it took 8 days. Then, if nothing comes, follow Dixie. .
shoot. I was quick tot he gun. I did it online already and by accident I put not mine....Online doesnt let me change it. Should I call experian and tel them I hit the wrong dispute?
shoot. I was quick to the gun. I did it online already and by accident I put not mine....Online doesnt let me change it. Should I call experian and tel them I hit the wrong dispute?
shoot. I was quick to the gun. I did it online already and by accident I put not mine....Online doesnt let me change it. Should I call experian and tel them I hit the wrong dispute? why wait 5 days?
Re: Re: delq acct drp'd my score 75pts. hLP Because, per the FCRA they have 5 business days within which to notify you of the reinsertion. So far, I've never seen this happen. You didn't want to give them the heads up, early, so somebody shoots you off a notification. Please note, in this particular instance the FCRA does specify BUSINESS days, so thats really 7, given January 1st, they will have 8 real days, then you need to allow 3 more regular days for mail time. Might be worth trying to call and "undispute", don't know if it will work or not.
Re: Re: delq acct drp'd my score 75pts. hLP ok. So then I might be safe to have just disputed as not mine. Then wait till the 8th of january, call the CR and tell them, that it has been 10 days and I did not get any notifications of a reinsert on my credit report and thats a violation. I disputed it as not mine because I didnt realize it was my account and that they can check the OC removed this due to STOL? But, just because the OC is more then 7 years old. Can they resell it to a new creditor and is it ok for the new creditor to post it? How does that work, I think i am confused. The OC posted the account on my Credit Report, then I disputed it cause it was passed the STOL. The OC sold the account and the new company posted the account to my credit. Now I need to check to see if that OC was STOL. Arggg!
Re: Re: Re: delq acct drp'd my score 75pts. hLP Maybe your safe... Do not call, write...you may need a paper trail on this one. Nope, 7 years is 7 years They would have had to illegally reage it. The good news (for you), is the date of last activity (the date which starts the 7 year reporting period) never gets to change, no matter how often it is bought and sold. This is why you always keep a paper trail, proving the DOLA, and other stuff. More than a few CAs will reage it to try and keep it on your report - thats their strongest leverage tool to get you to pay. There is only one ever OC, everyone that puts their dirty little hands on it after that is a 3rd party debt collector AKA CA. Don't let them tell you differently. The SOL is pretty much written in stone. There are some things that can cause tolling (like living under a rock in Siberia), but a CA does not get to use the day they bought it, inherited it, or were assigned it as the DOLA PERIOD.
Re: Re: Re: delq acct drp'd my score 75pts. hLP Great thread! Providian did this too me. It would be 7 years this year and in 2002 they sold it to another CA in 2002 which I knew nothing about at all until I saw it on the report. Wilma
1*If you get it removed you won't get the 75 points back thanks to the screw you fico math. 2*NO 3*It's been illegally reaged.
Re: Re: Re: Re: Re: delq acct drp'd my score 75pts. hLP Nothing yet. I just started this process a few days ago. Do you have any suggestions?
You guys are awsome! I am going to fight this bad boy agian on monday. Do you realize if it wasnt for this forum and you awsome people I would have never never never clean up my credit. I went from a 565 to a 740 in less then a year and many great things have followed....I have also been able to give tons of advice to my friends and family and become more responsible with my credit!!!! I really wish you guys knew how much it meant to me to have you as a support network! thanks for the motivation and help in everything!!!!
Re: Re: Re: delq acct drp'd my score 75pts. hLP ok I am confused. I just called experian and they told me that this is not re-aging. That the 7 year time frame starts over everytime the debt is sold - to try to recoop the loses. That the SOL only exists for the first creditor.
Re: Re: Re: delq acct drp'd my scor Don't listen to ANYTHING the CSR reps at EXP tell you. They are 99% of the time wrong. Your account has been re-aged. Like Jlynn says, I would write EXP stating I made a mistake in the online dispute, hitting the wrong button. Please investigate the account as it has been: 1)Illegally re-aged, it is beyond the 7 year reporting time period 2) Improperly reinserted without notification 3) Additionally, I am requesting a copy of the certification of the accuracy of the information provided by the furnisher of the information, as it has been reinserted. Send CRRR. IMHO, if your dispute was "NOT MINE", I am **afraid it might get verified and you will have to re-dispute again in 30 days, sending the letter might save some time.
Re: Re: Re: delq acct drp'd my scor they only give me a small window to write my dispute. I had to shorten it to: Illegally re-aged, beyond the 7 year SOL. Requesting copy of the cert. of accuracy provided by the furnisher. you think that will be ok?
