tag:blogger.com,1999:blog-2743584805397481900.post1086448285711341364..comments2023-11-13T20:39:23.254-05:00Comments on Fighting Collection Agency Debt: Collection Agency Re-aged Derogatory Information On Credit ReportLeehttp://www.blogger.com/profile/06679853829876345700noreply@blogger.comBlogger81125tag:blogger.com,1999:blog-2743584805397481900.post-26950489005863661612014-09-08T13:50:40.746-04:002014-09-08T13:50:40.746-04:00Since your question is a common one, I made it int...Since your question is a common one, I made it into a Q&A post so that other readers can benefit as well. Copy the URL below and paste it into your browser bar to find the post:<br /><br />http://collectionagencydebt.blogspot.com/2014/09/q-collection-agency-keeps-updating.html<br /><br />Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-85998870369382850072014-08-24T11:42:42.613-04:002014-08-24T11:42:42.613-04:00I have a creditor that keeps reporting major derog...I have a creditor that keeps reporting major derogatory to my credit report every week. Sometimes twice a week. Will this bring my score down every time they report it? Its a $180.00 balance. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-80541631337216880792014-04-01T12:32:48.929-04:002014-04-01T12:32:48.929-04:00Hello!
Back in 2008, my dad was evicted from his ...Hello!<br /><br />Back in 2008, my dad was evicted from his apartment due to special circumstances (it's a long story, but I do know it was not my father's fault). But anyway. I wasn't living with him at the time, but I was a co-signer, as he had bad credit, and I didn't have any credit, as I was just starting back then (I was 21). They accepted him because I was co-signing with him.<br /><br />Anyway, there was a problem and he was evicted. He couldn't pay the full amount of $5,909.00. So it was reported as a collection to the credit bureaus. This account was officially opened on 11/18/2008 (this is what I see on CreditKarma and TransUnion. Since that date, neither I nor my father have contacted the creditor (it's a law office). AT ALL. Not one phone call or letter. Today I got a notification from CreditKarma that a new delinquent account was added to my account. I was confused because the few credit cards I have, I always pay in total and on time. And this is when I saw the the collection agency RE-OPENED my account. It was reoped on 3/4/2014. Not only that, but the amount has gone up. Back in December 2013, the amount was in the $8ks, now it's up to $9k. I take it they are charging interest.<br /><br />But what looks fishy is that it's been more than 4 in years (but less then 7, this debt was supposed to disappear from my report next year...) What can I do in this situation? I know per law they can not sue me if it's been more than 4 years (I live in California), but being as the account has been re-opened/re-aged...<br /><br />Thanks for any help you can give me!<br /><br />- ChristinaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-36466394445274194232014-03-04T13:36:06.415-05:002014-03-04T13:36:06.415-05:00Hello Lee,
I have a collections from Rentdebt say...Hello Lee,<br /><br />I have a collections from Rentdebt saying that I owed $5,000 from an apartment. I never received anything from the apartment complex and we were paid in full when we moved out. <br /><br />We have disputed this with Rentdebt Collections and the credit reporting agencies and nothing has changed until just this week. Now Rentdebt is postin on our Credit that the new amount awed is $8,400 and that the account is closed and we just made a payment on it. We have never made a payment on this. On top of all this the have changed the date opened to May 2012 from April 2012 and the new first reported date is May 2007 and it was July 2012! We didnt live in this apartment in 2007. We moved in 2010 and moved out 2012. What does this mean??Kfullehttps://www.blogger.com/profile/00504087590632474442noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-18130330223304525612014-02-28T04:46:31.611-05:002014-02-28T04:46:31.611-05:00If you are a new net user afterward you need to vi... If you are a new net user afterward you need to visit constantly this web page and read more the updated posts at same here. <a href="http://top-5-credit-repair-companies.com/creditrepair-com-reviews/" rel="nofollow">www.creditrepair.com</a><br />Anonymoushttps://www.blogger.com/profile/05519378741595975707noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-32864449022621229372014-02-18T17:41:47.983-05:002014-02-18T17:41:47.983-05:00My brother opened a credit card under my name and ...My brother opened a credit card under my name and soc security number in 1998. The last date he paid it was March of 2003. (I was not aware of any of this going on) Sadly my brother passed away in 2005. I am trying to purchase a home and see that the creditor first reported that the last date paid was 3/2003. Now they are showing a $50 payment made on 6/7/2007 - and then nothing again after that. My brother had been deceased 2 years prior. So after 4 years there is a random payment of $50 in 2007, then nothing ever since.... this is ridiculous. The creditor says I have to do a fraud investigation on the original debt from 1998. My issue is this $50 payment. Did the collector make this up to re-age the debt? What is the correct verbiage I should use with the creditor to get proof of this "$50" I don't have 30 days to wait on this house. I want it totally deleted from my credit report. Any advice would be greatly appreciatedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-57483133809051041422014-01-14T05:37:38.611-05:002014-01-14T05:37:38.611-05:00Happy New Year Lee,
Are still available for questi...Happy New Year Lee,<br />Are still available for questions?<br />I understand you have a lot of work, please let me know, if I can post my case. <br />Thanks a lotMarinanoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-38881185137012672182013-12-01T20:05:47.264-05:002013-12-01T20:05:47.264-05:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-7591834097716462142013-11-18T03:49:32.102-05:002013-11-18T03:49:32.102-05:00I had a car repo back in may 2009, the statute of ...I had a car repo back in may 2009, the statute of limitations in NC is 3 years on repos so the sol should have been up in may 2012.. The original creditor has it listed on my report as a charge-off, Asset Recovery has added another collection and dated it Jan 2012..Upon further investigation I saw that a payment was reported in Dec. 2011 that I know I never made making it appear on my credit reports as though the sol has not yet been surpassed!! I have been working with Lex Law but they have sent out letter after letter for the last 6 months and nothing has yet been done about the false date reported to the credit bureaus.. Asset was taken off once and my score went up to 735 but it was then added back on dropping the score back down to 638.. Is this a common practice and legal for Asset to do and if not what more can I do about it?Scotthttps://www.blogger.com/profile/08946969436853060593noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-56818226979435152142013-10-03T23:19:08.227-04:002013-10-03T23:19:08.227-04:00Is this being reported by the credit union or a co...Is this being reported by the credit union or a collection agency that bought the account? My guess would be a collection agency. If I were you, I'd fire off a letter to the collection agency letting them know that this account is beyond the legal reporting period and by reporting it they are violating Section 605 of the Fair Credit Reporting Act. Demand that it be removed immediately. If they don't remove it, notify the credit bureaus of the problem and try to back up your claim with proof, such as an old copy of your credit report with the expiry date and account highlighted. If all else fails, sue. You have the right. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-32061218713851590772013-09-23T14:31:03.782-04:002013-09-23T14:31:03.782-04:00Hi Lee. I have a situation in which I had gone to ...Hi Lee. I have a situation in which I had gone to a community college in 2003. I did not finish the semester so I'm assuming financial would not cover that. So I think I would have to pay out of pocket. About two weeks ago i received a notice from a collection agency that i owe this debt to the school and I have 30 days to dispute the validity of the debt. Well i called them and asked to send me a letter or a bill from the school that I owed them money and until now I have not received one. I live in NJ. My question is.. If the debt still valid? it's been over 10years and this is the first time I've received a letter from the debt collectors. Can this affect my credit? Thanks for your help. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-53727074124572547062013-09-16T19:12:32.406-04:002013-09-16T19:12:32.406-04:00My husband who was single when the debt occurred 2...My husband who was single when the debt occurred 2009, had a Bank of America CC that went into default and then sold in Nov 2009. He had several debt collection agencies try to collect on the same debt, he never responded or contacted them. Then in late 2010 I had someone at the door hand me a paper (summons) which I had no idea what it was for or who (the kid marked on the paper that it was given to Joe but it was really given to me). I just took it and asked the kid who it was for and he just walked away. Looking at it, it was for my husband and pretty much looked fake. So I told my husband and we decided to contact them. I called and they (Asset Acceptance Corp) didn't even have the same information as the paper I was given and when I challenged them they got me a manager who then told me they were closing and hung up on me. For a few weeks following they would call me and hang up whenever I would answer, then I sent a letter to them only to contact us by mail and haven't heard from them since. I went down to the courthouse and looked the info up and learned it was real and to respond was almost $500.00, thus we never did anything. My husband called them about a month ago to try to settle and they keep adding interest and higher settlement offers which are more than the original debt (Orginal debt $5209.00 AAC wants a minimum of $6k) they keep adding interest now up to $6271.00. We are desperately trying to buy a house and this is the only thing in our way!! I'M DESPERATE! They have reported the debt on our credit report about 5 times in different names and amounts (2 of them are the original creditor BofA). Today I got an alert from CreditKarma.com that 1 of Asset Acceptance Corp was removed off of our report but couldn't find anything else. <br />My questions are: <br />What are my options? I just want to be done with them!<br />There are multiple Companies reporting on our Credit report under different names but for the same debt. How do I handle that?<br />We live in CA, do they have a statute of limitations?<br />Is contacting them starting over the time limit? or just any payments?<br />We just want to buy a house and be done with them but $6k is a lot of money. But I'm willing to do whatever it takes as long as I know they will do their part and remove it. My fear is I pay them and they still come after us? Some people tell us to pay it and some people tell us to wait til it falls off but it's just getting worse for us!Anonymoushttps://www.blogger.com/profile/17349089795870902345noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-32409416251772352522013-08-21T08:48:26.071-04:002013-08-21T08:48:26.071-04:00Yes, to the best of my knowledge. Neither FL nor N...Yes, to the best of my knowledge. Neither FL nor NC impose a 10-year SOL on bad debt. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-79915088914048201402013-08-18T15:11:50.794-04:002013-08-18T15:11:50.794-04:00hello lee,
I have a installment with credit union ...hello lee,<br />I have a installment with credit union (secured Loan)opened 2005 delinquent mid 2006 balance $7798 there was 0 activity it shows as closed by grantor. now the problem is in June 2013 it started reporting again as delinquent? what can I do should I dispute make go away it has been 7 years? please help Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-87622401050430927542013-08-14T10:45:59.699-04:002013-08-14T10:45:59.699-04:00Ok so your saying I'm in the clear because the...Ok so your saying I'm in the clear because the payment hasn't actually been made.. And the original debt is in the state of fl I live in Nc Now..Anonymoushttps://www.blogger.com/profile/16131309850678999901noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-50157115839232111342013-08-14T10:08:50.672-04:002013-08-14T10:08:50.672-04:00The lady at the collection agency is wrong (big sh...The lady at the collection agency is wrong (big shock there, eh?). For starters, if this debt went delinquent over 10 years ago its illegal for it to be on your credit report in the first place. The federal reporting period for bad debt is seven years and 180 days from the date you stopped making payments. It was deleted because the credit bureaus clearly saw that the entry was obsolete. And guess what? Since the reporting period is expired, the collection agency can't re-add it to your report without breaking federal law. <br /><br />You don't mention which state you're in, but there are only a handful of states in which the SOL is ten years. Odds are you're in the clear since you didn't make a payment. I understand the moral need to make good on bad debts but watch out! The second you pay them a dime they have the right to turn around and sue you, no matter what they may say. For right now, you're probably safe. If it were me, I'd send the collection agency a full cease and desist letter and then forget this debt ever existed. That may not sound morally righteous, but sometimes its a matter of taking the safest course of action. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-21915811469095484312013-08-14T10:02:43.320-04:002013-08-14T10:02:43.320-04:00The answer to your question was a bit more in-dept...The answer to your question was a bit more in-depth so I turned it into a post. Copy and paste the address below into your browser to reach it. <br /><br />http://collectionagencydebt.blogspot.com/2013/08/ask-lee-paid-collection-added-to-credit.htmlLeehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-43813180309187640512013-08-13T19:23:43.903-04:002013-08-13T19:23:43.903-04:00HELLO LEE I'm in need of some serious advice ....HELLO LEE I'm in need of some serious advice .. About 10 years ago I took a gym membership out and thought I closed the account out well here I am trying to go into the reserves and when I pull my credit report it there .. I called the credit agency first and they couldn't find the debt because it was in my maiden name.. Then I took it to experian to dispute it.. Well a few days later I get A email stating that the my dispute results were in and I could ck it.. I didn't see any results so I Called the customer service agent told me that the results were that they weren't going to be moved.. So then I called and made a payment arrangemnt with the collection agency.. Yesterday I pull my report and the collection is off of my report .. And no longer under investigation .. I called the collection agency back and they aren't aware of this .. ( no I did not disclose it being deleted to them ) because the lady said it would not be removed until I paid it off.. My question is M I still covered under the Sol and can they file a judgement against me.. For regaling the debt.. I have not made any payments yet.. But I wanna know what to do before I do.. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-68976580070156556402013-08-13T07:29:02.299-04:002013-08-13T07:29:02.299-04:00Unfortunately, this is pretty common. Collection a...Unfortunately, this is pretty common. Collection agencies watch your credit report and as soon as mortgage inquiries pop up, they toss their debts on there with the knowledge that you'll have to pay them off to get approved for your mortgage. The SOL is only the period of time they have to sue. The reporting period, however, is valid for seven years from the date of first delinquency. That means they can report at any time until the debt is scheduled to fall off your report. Regardless of when it shows up as transferred or updated, it very likely hasn't been re-aged unless they continue to report the debt beyond 7 years and 180 days from the date you made the last payment to the original creditor. <br /><br />The FCRA doesn't say that its illegal because, unfortunately, it isn't. This is purely a strategic move and many collection agencies use it. Your best bet at this point is to talk to your lender and see if they will proceed with your home loan if you pay off the collections that have recently popped up. Explain that these are not recent debts that you ran up after being approved (that part is important), but an opportunistic attack by the collector. Worst case scenario, you may have to wait a few months to a year before building your home. If the date of first delinquency was in 2007, as it seems to be, you shouldn't have long to wait. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-40402240316258760902013-08-12T21:11:11.758-04:002013-08-12T21:11:11.758-04:00A collection agency reported for the first time in...A collection agency reported for the first time in five years on 08/2013 that I had a paid collection with them. They are claiming it was assigned to them 03/2008 for a medical lab bill for $75.00. They are reporting the status as of 08/2013 - Paid; Date of 1st Delinquency 10/2007; Balance as of 08/2013 - $0 ; Last Payment Date 05/2008. I contacted the credit reporting agency and disputed this claim. The credit reporting agency came back and said that they have check with the collection agency and the debt is valid. What recourse to I have to fight this. I have no other blemishes on my credit. Is this legal?<br /><br />Thanks!<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-23311635142922827092013-08-12T16:54:46.227-04:002013-08-12T16:54:46.227-04:00So I am in the process of building a house. I had ...So I am in the process of building a house. I had appox. score of 650. I had been pre-approved and started the building process. A few weeks before closing two old CA updated the activity dropping my score appox. 60-70 points. The Sol have passed and the debt was about to fall off next year. My problem is don't qualify for my home now and about to lose it because of there re-aging practices.The last report date previously showed sometime in late 2007 And that it had been purchased sometime in 2009. They have updated to all 3 CB two months in a row. I want to threaten to sue, but I cannot find anywhere in the FCRA where it states that its illegal to report on a monthly basis keeping my debt appearing as current and having the greatest effect on my fico. Any recommendations and do you also know where it states that it's illegal for them to do this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-67942828429765263432013-07-13T10:22:37.909-04:002013-07-13T10:22:37.909-04:00Yes, although I have a hectic work schedule and it...Yes, although I have a hectic work schedule and it sometimes takes me longer than I'd like to get back to people. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-23195484494081515862013-07-13T10:22:09.909-04:002013-07-13T10:22:09.909-04:00The "date opened" only refers to the dat...The "date opened" only refers to the date when the account was opened with the collection agency, not the original creditor. So no, its not re-aging. It would become re-aging if the CA changed the DOFD of the original creditor. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-57677779784278438052013-07-13T10:20:37.437-04:002013-07-13T10:20:37.437-04:00A hard pull will drop your score anywhere from 5 t...A hard pull will drop your score anywhere from 5 to 10 points. Unfortunately, a collection agency doesn't need your permission to conduct a hard pull. They have a legitimate business relationship with you. The collection account itself will also hurt your credit score. By how much I can't say. It depends on your current scores. The higher your scores are, the more damage the collection will do. Leehttps://www.blogger.com/profile/06679853829876345700noreply@blogger.comtag:blogger.com,1999:blog-2743584805397481900.post-23736745819725606202013-06-27T23:22:57.771-04:002013-06-27T23:22:57.771-04:00Lee,
Are you still available for questions?
than...Lee, <br />Are you still available for questions?<br /><br />thank you.<br />DHAnonymousnoreply@blogger.com