Ok. For the benefit of all, including myself, I'd like to start a discussion focusing on REAGE/RE-AGE/REAGING/RE-AGING. (Spelled out for those who query differently ;-) I have reason to believe that at least 1 of the 3 major bureaus are listing account(s) that have been reaged, and in 1 case possibly multiple times (RMA). I understand that per FCRA Section 605(c), reaging activity by either the OC, CA, or CRA is illegal. I'm wondering, has anyone ever won a reage-only dispute in SCC? Or do most folks have success with Cease&D + validate + nutcase? I mean, how would I go about proving a reage? Could I write a letter to the 3 CBs requesting a log of how often certain OCs/CAs updated my account information, and what changed about the account information? How best would I differentiate between a valid reage and an illegal reage? From what I've read here on the board, only the DOLA date (+ 180 days) is valid. Does the purchase of a collection account from the OC by a CA constitute a valid CA listing that marks the begining of 7 yrs based on the debt purchase date by the CA? In other words, just because CA bought it, does that entitle them to a brand new 7yr period from the date of debt purchase? Or are they still stuck with the same DOLA as the OC? (I'm talking about a Citibank Visa and a Sears/RMA charge card. I live in PA where SOL is 4 yrs. Citibank charged off in 97, Sears in 99. Citibank DOLA 96, Sears DOLA 97. Citibank seems cool, but damn that RMA... damn them to %^&*!) THANKS!!! -EC
New question, in addition to the ones above: From a solid legal perspective, can a violation "watchdog tactic" be the following: observing monthly credit reports (if you don't mind the cost of CRs) to see if any old TLs reported by a CA (that have no business being updated) are being reaged at any point? What qualifies a CA to reage an account? Newly added interest charges or penatlies? Or just settlements/payments? Not phone calls, right? I think RMA(Sears) updates whenever we have a phone conversation! That's unlawful if we havent' agreed to anything, right? And the bastards still are reporting "unable to locate customer"... HA!, that's a crock.
David Szwak made this post on CN last summer: We are filing class actions over the junk debt collectors. This sub-species of collectors are buying up obsolete debt and re-aging the accounts by tampering with the DLA, etc., to bypass the data retention systems in place at the credit reporting agencies. Unifund and Experian were sued in Munson, ND ILL fed ct., Barnett, ED TX fed ct, Valez, ED, TX fed ct. and Norris, SD, TX fed ct. We know that this practice is rampant and are looking to show numerosity and pattern of this illegal activity. We have identified Gulfstate and its alter egos, OSI and Perimeter, as doing this. Unifund of course is doing this. We know there are many others. Metro 2 was a huge joke and did nothing to stem this activity. If you have this issue on your credit reports, please contact me. Hopefully with your help we can make this practice stop. David Szwak, Esq., www.bjslaw.com, 318-424-1400 Also, Daniel Edleman at www.edcombs.com has been active in this area. Click on "special" on the website and you'' find many firms that they seek information on.
This is good info. I guess we could all use a free lawyer. Except those here on the board that are lawyers... (BTW, the link above should read www.bjslaw.com) Folks, we should do more about these thieving credit people when possible. I will support class actions when I can -- sometimes it's the only way to straighten out an overgrown crooked. A lender once told me, "These guys make 17K a year, and the only time they get to flash their badge is by raising a fuss over your trade lines. Which also happen to be the essence of your financial future." Thanks for the reply, keepmine. -EC
Does the purchase of a collection account from the OC by a CA constitute a valid CA listing that marks the begining of 7 yrs based on the debt purchase date by the CA? NO In other words, just because CA bought it, does that entitle them to a brand new 7yr period from the date of debt purchase? NO Or are they still stuck with the same DOLA as the OC? YES
1* What qualifies a CA to reage an account? Newly added interest charges or penatlies? 2*I think RMA(Sears) updates whenever we have a phone conversation! That's unlawful if we haven't' agreed to anything, right? EC 1*No These are not consumer activities. 2*Date updated has nothing to do with any other dates and is not against the law. The END ************************* LB 59
