Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Thank you. There is more than one account that changed like that on my report since a few months ago. I guess it's time to get busy with those disputes. Blech.
Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Now I am confused big time. Has the account I started the post with been reaged?
Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? IS THIS A POSITIVE OR NEGATIVE ACCOUNT??? "IF" it is a POSITIVE ACCOUNT...don't worry about it!!! "REAGING" does not apply to POSITIVE ACCOUNTS... It just has been UP-DATED... This is NORMAL
Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? On my Experian report it falls under "Potentially Negative" On my TransUnion it is under Delinquent. My new updated report from TransUnion Reads" The following accounts contain infomation which some creditors my consider to be adverse. Adverse account information may generally be reported for 7 years from the date of the FIRST delinquency, depending on your state of residence. Sears Roebuck & CO Address of C o Acct # Closed Updated 9/03 Opened 3/91 Closed 3/03 (not right..was 1/03) Revolving Account Charge Account Individual Account Credit Limit: $0 Status as of 3/2002: paid or paying on as agreed. Then it lists the past 48 months worth of deliquency. I can only see as far back as March of 97 for any delinquency's. (I know I was late long before 1997 on my payments though) Because I can't see further back to see what the date of the first delinquency is I can't argue that the account should be removed already. (Unless there is a way to find this info out that I don't know about) Since I can see March of 97, am I correct to assume it should come off at least in March 2005? This is the last negative thing left on my TU report so if I can get it off I would love too.
Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Nosnip, There's nothing in your TU report that shows the DLA. That's why you can't find it. This is normal with TU. Before you do anything you should call TU Monday morning and ask them when the drop off date is. Since they don't report it, they should, and usually do tell you. Let us know what they say. This account IS negative. When they say it "may" be considered negative, it WILL be. The CRA's don't make that decision, the creditors do. So the CRA stays out of that decision. So you'll want this account dealt with. There are numerous problems with this TL. Send a letter off to Sears and tell them the reporting is wrong and to correct it immediately. Just don't tell em why it's wrong. Maybe they'll pull your report. Since it's closed that's a No PP case.
Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Thank you Butch! I will call TU tomorrow and work on my letter to Sears later tonight. I will most likely post it here to get opinions before I send it off. Even though the Sears account was only in my name, we discovered they are reporting it on my husbands credit report also - with experian and equifax. We have disputed it as 'not mine' and are awaiting the results of that. Thanks again! Shelley
Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Hey NoSnip, I don't believe we've ever talked before but I was going through some old posts looking for some Estoppel info and I read a post you wrote on 09/16. You asked if you should tell "so and so" that the SOL in MI is only 6 years? ....6 years??? I didn't want to get off topic here, but I couldn't e-mail you so if you could tell me specifically what SOL you are reffering to, it would be helpful as I am in MI myself. I assumed you were reffering to how long one could collect? Give me some details!!! I'm all sorts of excited now! SnakeMan
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? SOL for Debt collection in MI is as follows. Open Accounts 6 years Written Contracts 6 years Promissory Note 6 years You can find the info here: http://www.bcsalliance.com/y_debt_sol.html Hope this helps you out.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Yeah, thanks. I found that site your reffering to and it says that judgments are 10 years and renewable! OMG. I had no idea. Ten years! Wow... Am I thinking about it right? It says ten years and renewable for domestic judgments....which means I could be hauled back into court in 9 years and 11 months?? SnakeMan
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Butch, I called TU and they said that the Closed Date. (3/2002) is the date that it will go by. I am working on a letter to Sears right now and will post it shortly. ~Shelley
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Here is the letter I have drafted to send to Sears. Is this ok? Sears Roebuck & Co 13200 Smith Rd Cleveland, OH 44130-7802 Account # XXXXXXX October 6, 2003 To Whom It May Concern: It has come to my attention that you are reporting my closed account information incorrectly to Trans Union, Experian and Equifax. I am requesting that you look into this problem and correct it immediately with all credit reporting agencies you have reported it to. Please notify me in writing at the following address when the corrections have been made. Please use postal mail for all correspondence with me. Mine XXXX XXXX Thank you for your quick action in this matter. Sincerely, me
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? I wouldn't mention that the account is closed. Since your goal is to entice them into illegally pulling your CR, you want them to believe that the account is still open and that they have PP to pull your CR (which they don't). Just strike the word "closed."
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? So if I succeed in getting them to pull my credit report, is that grounds to get the whole thing deleted?
Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? Sorry Shelley. I have a huge exam Thursday and will be swamped until then. I haven't forgotten you. Now that we know what their internal DLA is we can answer your question. Yes, it's a reage. Since they don't report the DLA on your reports often you have to call and ask, especially with TU. But they should tell you rather easily. Reaging though is sometimes not such an easy thing to nail down. For example how do you know who did it? The CRA or the DF? They will simply blame each other. On a reage issue about the only way to tell is to sue them BOTH and see how it comes out in discovery, and that is a higher court than small claims, usually. So here's what I'd do Nosnip. Send them a letter telling them to correct the incorrect info. on your credit reports. (but don't tell em what's wrong or which report you're talkin about). They'll probably pull a report to see what you're talkin about. When that happens now you have a No PP case and a statutory $1,000 in damages. Sue in small claims and agree to drop your case AFTER they delete the TL. If this fails we can go back and argue the reage issue. See? Oh, your letter above is perfect. Don't change a thing and send crrr.
Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? AHA, I see Greenvan already covered it. Thanx GV. Greenvan wins every time. Yeah, take out the closed part.
Re: Re: Re: Re: Re: Re: Re: Re: What is reaging an account? One more question. What if they do call me or write me and ask what exactly is wrong? What do I do then? (letter is all signed, sealed and ready to go to the PO tomorrow)
