Hello all let me first thank every one involved in keeping this board up and all you experts out there. I will make my long story short and here it goes. I had a Shell MasterCard when I was in college that was closed by the creditor on 03/10/1999 after 3 months of non-payment. I called them up around that time a worked out a payment plan for $3800 balance, but due to my limitations I was unable pay on agreed payment plan and the account finally charged-off in 11/01/2001 with $5022 balance on it. I made the last payment of $50 in 10/2001. The account was acquired by a CA in 06/2003 and it is on my CRs since 03/2004 with an open date of 06/2003 and DOLA as 06/2003. The original account dropped of my reports around 01/2006 as it was reported with first delinquency date of 01/1999. I was going to buy my first home and my real-estate agent advised me to dispute this account as â??too old to reportâ? so I did that but the CA came back and updated the data and it now shows that it will be reported till 07/2008 and a balance of $8856. I am in Colorado and the SOL is 6 years, so that makes me still under the SOL as I made the last payment in 10/2001. What should my next step be I am afraid that they are going to come after me now? Are they reporting an old debt that is beyond the reporting period? Is this re-aging? I am not sure what to do next I need some expert insight. My score dropped from 720 to 610 when the CA updated the data.
