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Question By
Clysdale

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How to remove an old account from the reports?
I have a credit card account from 1998 still reflecting in collections on my report. This account was closed, and the remaining balance was paid when I closed the account in 1998. However, CC company continued to charge interest on the "annual fee" for the cc, so it still reflects a balance due. It does not get removed after 7 years, the collection agency simply sells it to another agency and my time starts all over. How can I get this to stop? I am not paying the balance, as I told them in 1998 to close the account, paid the balance to zero, and they continued to charge the annual fee.

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Top Contributor
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When is the last known activity on the account? This time around; be thourough, write them a letter (send it certified with a return receipt) Explain why you feel like you should not have to pay the remaining balance. (although you've waited almost 20 years to fight back. Smh!) Also write a dispute letter to the credit bureau(s) reporting this and tell them that this is an "old" account. Also ask the cc company for a transaction history. 9 times out of 10 they wil not produce one for you. Next step would be to file a compaint with the FTC (Federal Trade Commission) This company slaps huge fines on creditors whom try to rip people off. Make sure you get all your ducks in a row before filing a complaint, try to get as much info as possible from the creditor and the credit bureau(s).

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