sorry to bore ya with 2 posts in one nite but....providian acct. dla 1/2000...on cr it shows unifund took it over and dla is 6/2003...so now this will stay on my record until 2010? i know sol is almost out, but unifund is really screwing up my cr....any suggestions?????
Assuming the DLA is the date it last went delinquent, there's a six-month allowance for a charge-off (July 2000), then seven years for reporting (July 2007). See http://www.ftc.gov/os/statutes/fcra.htm Sections 605 a 4, c 1
Is Unifund still the collector for the account (when did they last update the trade line)? Unifund quick-flipped the account that they purchased (actually the account hit 2 MORE CA's before Unifund's trade line was even placed on my CR), and I had to dispute them off of my reports. So Unifund may have placed the trade line, and then abandoned it if they sold it to another company.
Is Unifund still the collector for the account (when did they last update the trade line)? Unifund quick-flipped the account that they purchased (actually the account hit 2 MORE CA's before Unifund's trade line was even placed on my CR), and I had to dispute them off of my reports. So Unifund may have placed the trade line, and then abandoned it if they sold it to another company.
There is a major point in direred's answer... What is being reported as DLA does not *HAVE* to equal "the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action" which is used to determine whether the trade line is obsolete. In most cases "the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action" is totally un-reported, so the only way to know for certain if an account is being maintained past the obsoletion period is to wait until after the obsoletion period has fully elapsed, because that is when you are actually being "damaged" by them incorrectly reporting "the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action". They can claim that a whole lot of things are ACTIVITY for the purposes of determining the DLA, the one thing that can't be altered is "the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action".
Well, I did say "assuming." It's a fair assumption that the commencement of delinquency isn't *after* the DLA. So, worst case would be July 2007.
unifund is now on my cr in place of providian, just with a date for 2 yrs later....not fair, but is it ever....i'm just trying to get some debt paid off and clean up my cr....already have new car and home in past 2 yrs...the future looks bleak, however!!
