bynam asked:
I have atleast 4 major credit debts that was in the early 90’s i thought bad debt only remains on your credit for no longer than 7 years its almost over 10 years but they still show up on my credit reports. Is there anything I can go legally to take those off my credit history, Specially now that I am trying to rebuild my credit.
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I have atleast 4 major credit debts that was in the early 90’s i thought bad debt only remains on your credit for no longer than 7 years its almost over 10 years but they still show up on my credit reports. Is there anything I can go legally to take those off my credit history, Specially now that I am trying to rebuild my credit.
Mydomain.com
#1 by SPIFIMAN1 - December 24th, 2009 at 15:17
You need to dispute these accounts with all 3 credit bureaus stating the per the Fair Credit Reporting Act these accounts are to old to be listed on your credit report.
#2 by Crazyjester9 - December 27th, 2009 at 19:30
You’re right. It’s 7 years from the date of first delinquency.
Mail in disputes for each account to the credit bureaus stating the accounts are past the reporting period established by the FCRA. That should get them removed.
#3 by CatDad - December 28th, 2009 at 18:01
There is only ONE 7-year cycle for the reporting of bad debt….This cannot be re-started regardless of how many debt collectors buy this debt. This 7-year cycle starts on the date of your first missed payment that led to the default on the account. It is illegal for debt collectors to change the “Date of Delinquency” to “re-age” the debt for their advantage. This is a violation of the Fair Credit Reporting Act.
Mail a letter via certified mail with return receipt to all three credit bureaus (Equifax, TransUnion & Experian). Include a photocopy of your driver’s license and social security card…If you don’t include these, they may write back requesting them, which would slow the process down by several weeks. In your letter, simply state:
Per the Fair Credit Reporting Act, I am requesting
- validation that this debt is being reported within the 7-year time frame as allowed under the Fair Credit Reporting Act
- validation of the original “Date of Delinquency” for this debt
#4 by trixibel - December 29th, 2009 at 11:06
here’s what is happening…they are selling your account to another collection agency and the 7 years is starting over…happened to me… they are in fact “re-aging” your account which is suppose to be illegal…but apparently there are loop holes….dispute them with all 3 bureaus…and it is seven years from the last date of ACTIVITY….
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