Sometimes new collection agencies pick up and start reporting old accounts it could be that they tried to re-age, but you won't know until you call the credit reporting agency.
Need to ask the credit reporting agency what the exact expiration date is on this new listing. If you find it not to match old listings of this same debt then immediately dispute it with the credit reporting agency as re-aging. _________________ Credit Cards Credit Reporting Information Credit Repair Info
The Statute of Limitations (SOL) starts from the date of last activity. Going delinquent is one of the activities. So your SOL has started from your date of first delinquency. However, it varies according to the account and the state you live in. So, you need to check the SOL of your state.
Even if a debt is sold off to another collection agency (CA), the SOL doesn't restart. I think the new CA has re-aged your debt. However, re-aging is illegal if not done mutually. What you can do is send letters to the CRA requesting to provide you with the information of the compliance date on this account according to the Fair Credit Reporting Act (FCRA). Don't send this letter in the consumer relations department of the CRA.
After you get the proof of the date, you can complain to the Fair Trading Commission (FTC).
Hope this helps.
Aaron _________________ Keep in touch
Fri Apr 12, 2013 7:12 am
You are contemplating maknig unsecured credit card debt a guaranteed, secured form of debt by maknig it part of your student loans. That is not a good business decision. If you are worried about getting behind on the credit cards go to creditinfocenter.com for how to deal with debt collection.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.