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james767

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statue of limitations parking old debts is illegal
debt collectors buy old debts keeping debt as new debt, clled parking and is illegal according to FCDR Regulations how can we remove from credit report?

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How did you determined it was illegal? Collection accounts can only remain on your credit report for up to 7 1/2 years from the Date Of First Delinquency, the DOFD dose not change and it dose not go by any other date when comes to removal. Debt buyer can buy any age debt they want and can report it to credit bureaus as long as with in that 7 1/2 year period, pay no attention to its "open" date... just to be clear, the Statute Of Limitations is usually refers to the length of time creditors/debt collectors can take legal action against you, and SOL and length of time it can be on your credit report are independent from each other. as SOL are often shorter, and collection account can be removed for whatever reason(s) much sooner than 7 years.

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Now, if that debt is past 7 1/2 years or whatever your State's law regarding the collection/debt? Then simply file a dispute with each Credit Bureaus. ... side note, seems bit odd to me that you knew about the "regulations" and know it illegal but don't know to get it removed. Usually it's other way around with many people as they would dispute anything without much of reason other than they don't like it.

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