JustE2u

1 Contributions 2 People Helped

Member Since: June 2013

Most Helpful Contribution

How to dispute an error on your credit report

Jan 06, 2015
Helpful to 2 out of 3 people

This is absolutely not true. It is called "re-aging" an account and is against the law. People also think that making a payment or payments on a collection account will also do this and it is also illegal. The statute of limitations begins from the last date of payment. The Statute of Limitations vary state to state and means the length of time you can be sued for re payment of the debt. The date you open the account is completely irrelevant. Collectors may collect on the debt FOREVER as long as you owe the debt, however, it can only remain on your credit report for 6 years and 9 months approx. but no longer than 7 years. Know your rights, and check with your state's Attorney General, the Consumers Financial Protection Bureau, Better Business Bureau, Federal Trade commission, and know the FDCPA. Good luck!

Activity (1 Total Contributions)

How to dispute an error on your credit report

Jan 06, 2015
Helpful to 2 out of 3 people

This is absolutely not true. It is called "re-aging" an account and is against the law. People also think that making a payment or payments on a collection account will also do this and it is also illegal. The statute of limitations begins from the last date of payment. The Statute of Limitations vary state to state and means the length of time you can be sued for re payment of the debt. The date you open the account is completely irrelevant. Collectors may collect on the debt FOREVER as long as you owe the debt, however, it can only remain on your credit report for 6 years and 9 months approx. but no longer than 7 years. Know your rights, and check with your state's Attorney General, the Consumers Financial Protection Bureau, Better Business Bureau, Federal Trade commission, and know the FDCPA. Good luck!