SCREWCREDIT
Member
can a credit card account be re-reported/re-aged?
FLORIDA
After a charged-off credit account has served it's 7.5 year reporting period and has been automatically deleted from a credit file in accordance with the FCRA, can the original creditor of that account continually re-report it?
I had a charge-off in 1997. It was automatically removed from all 3 of my credit reports back in November or December of 2004 in accordance with the FCRA. This month I was shocked when I received an equifax alert showing that this account has again been re-reported to my consumer reports with a history that is absolutely incorrect.
For instance, the new account this creditor has now reported shows that in 2003 the account was "paid as agreed" whereas in 2004 and 2005 it was 180+ days late. It also shows the last payment as being made in February of 2005. There hasn't been a payment made on the account since the beginning of 1997. The activity description field shows that the account was "SOLD/TRANSFERRED" but the original creditor, Suncoast Schools Federal Credit Union still shows as the owner of it. Additionally, there are no collection accounts that are on my file(s) to perhaps indicate someone recently bought it.
- Can the original creditor re-report the account after the 7.5 year allowable reporting time period has been exhausted?
- Would selling the account to a collection agency before the expiration of the allowed 7.5 year time period permit the clock to "reset"? What if this account was sold after the 7.5 year time period expired, such as between November/December of 04 til current?
- The information they're reporting is obviously friviolous. None of the historical payment activity they're showing is correct. What must I do per FCRA "required resolution procedures" before I can bring suit against the creditor for reporting fraudulant account information?
PS - There are no law suits, judgments, or other parties involved. This is an individual account that was held by me which I originally opened in January of 1997 with Suncoast Schools Federal Credit Union. The charge-off amount was in either 2000 or 2001 in the amount of $1900.
Thank you.
FLORIDA
After a charged-off credit account has served it's 7.5 year reporting period and has been automatically deleted from a credit file in accordance with the FCRA, can the original creditor of that account continually re-report it?
I had a charge-off in 1997. It was automatically removed from all 3 of my credit reports back in November or December of 2004 in accordance with the FCRA. This month I was shocked when I received an equifax alert showing that this account has again been re-reported to my consumer reports with a history that is absolutely incorrect.
For instance, the new account this creditor has now reported shows that in 2003 the account was "paid as agreed" whereas in 2004 and 2005 it was 180+ days late. It also shows the last payment as being made in February of 2005. There hasn't been a payment made on the account since the beginning of 1997. The activity description field shows that the account was "SOLD/TRANSFERRED" but the original creditor, Suncoast Schools Federal Credit Union still shows as the owner of it. Additionally, there are no collection accounts that are on my file(s) to perhaps indicate someone recently bought it.
- Can the original creditor re-report the account after the 7.5 year allowable reporting time period has been exhausted?
- Would selling the account to a collection agency before the expiration of the allowed 7.5 year time period permit the clock to "reset"? What if this account was sold after the 7.5 year time period expired, such as between November/December of 04 til current?
- The information they're reporting is obviously friviolous. None of the historical payment activity they're showing is correct. What must I do per FCRA "required resolution procedures" before I can bring suit against the creditor for reporting fraudulant account information?
PS - There are no law suits, judgments, or other parties involved. This is an individual account that was held by me which I originally opened in January of 1997 with Suncoast Schools Federal Credit Union. The charge-off amount was in either 2000 or 2001 in the amount of $1900.
Thank you.
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