I've got an old derog that showed up on my report again. What should I do? HouseHold Bank Account No.: 20**** Type: Unsecured Payment: Date Opened: 06/01/1999 Balance: $1000 Terms: Date Reported: 12/01/2001 High Balance: $1000 Limit: Past Due: $1000 Condition: Derogatory Responsibility: Individual Status: Collection/Chargeoff Remarks: Collection Account Canceled by credit grantor Now it says it's held by Palisades with first reported as "3/1/06"
Is that the tradeline being reported? Or is the tradeline being reported by Palisades? Did Palisades buy the debt from Household?
It's a pretty old debt, according to your CR. Check your state SOL laws, and then I'd dispute the new TL too.
I'm in MN so it looks like it's 6 years. Per this: http://www.cardreport.com/laws/statute-of-limitations.html
