DOES THE FAIR CREDIT BILLING ACT APPLY TO CHARGE-OFF ACCOUNTS THAT HAVE BEEN CHARGED-OFF FOR 3-4 YEARS? SAY A CREDIT CARD WAS OPENED BUT NEVER PAID. NOW THE PERSON WISHES TO HAVE THE CHARGE-OFF STATUS REMOVED FROM THE CREDIT REPORT. IS THE "FCBA" A TOOL THAT CAN STILL BE USED? IF NEED BE, THE AMOUNT CAN BE PAID ($700) BUT WHAT'S THE POINT IF IT'S GOING TO BE NOTED AS A PAID-CHARGE-OFF. CAN THE FCBA STILL BE USED TO DISPUTE THE VALIDITY OF THE DEBT OR IS TOO LATE?
