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Posted in Paying Your Bills
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unknownlust1970

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how long does collection to a debit collector stay on your record
when does the 7 year clock start. does it restart when sold to someone else.
does the clock start from original date or when turned over?

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EddyTX, that is not true.  The clock starts on the date of first delinquency that caused the collection.  Just because you contact a collector, does NOT restart the clock.  Otherwise, if I am trying to get info on a debt, and find out it is not mine, that would be totally unfair to re-set the clock, so that is not how it works.  I get my info from  John Ultzheimer, a true expert who used to work for Equifax and has been featured on CNN many times.  

What can cause it to re-age is if you pay them off, then the debt will report for 7 years from date you paid it, unless you negotiate a Pay Per Delete in writing before payoff.

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The closck is reset any time you have contact with the lender/Collections agency.  Also when the account is sold , 7 years from the date they aquired it.

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