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ambie34

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Can a creditor remove a collection account and then report it again later to prolong the 7 yr period

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There are two separate questions here,

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First, the original creditor can remove/recall the collection, if they assigned/send it to collection, they can not remove/recall the collection (most the time) if they sold it to the collection agency, because original creditor no longer own the debt, collection agency dose.

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Sceond, the 7 1/2 year reportable/removal date dose NOT change regardless. However, the debt could be sold to another collection agency which often dose, then the first collection agency would have to remove the collection, then when the new agency reported it for the first time? It would show a different/new open date, that would look like a brand new collection, therefor, so it would appear as tho they are prolonging the reportable date or re-aging it. If that somehow make them more likely to be paid? Then I am pretty sure they are more than happy to be misunderstooded. 

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In short, account in collection can appear and reappear any time during the 7 1/2 year period, but the 7 1/2 year removal date dose NOT change. Generally the CRA will remove it in 7 years, I noticed lately, the "removal date" on the credit report is 3 months prior to the 7 year mark.

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As usual, JohnnyRains answer was great, let me add something though, the seven years starts from the DOFD (date of first delinquency) on the original account. That start date is for the original account and any collection accounts associated with it. The date that collections are opened, has nothing to do with any of that.

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