Hi All, I first started working on my credit almost two years ago. It took me nine months, but I managed to clear all (23) derogatory remarks from my credit reports. End of story, right? Not exactly... Last Friday I received a letter from a collection agency attempting to collect $9,000 on a debt that was more than eight years old. I knew it was unenforceable, but I was still concerned that I had no way to verify the age of the debt and that they could re-age it and ding my credit. I searched through all of my printed credit reports. On the very first Experian report I ever pulled (in 2002, I have about 10 Experian reports), I found it. The statement next to it says: "This account is scheduled to continue on record until 4-2003". Now I have the proof I need to go after the CA if they attempt to re-age this debt! Had I thrown out this oldest of my credit reports, I never would have been able to prove anything. So, a word to the wise, keep everything!
this is a good post for the testimonials thread above congrats it;s nice to see that we are all getting smarter to protect ourselfs. thx for sharing it helps others to be informed to keep that old paper trail.
You only need to keep 2 things. 1*everything you don't think you will ever need. 2*everything you think or know you might or will need.
Hi Ryder, could not agree with you more! I have that same type of Experian report from a few years ago and it is going to make it very simple for me to remove the accounts that these yahoo CA's have re-aged since.
