During a conversation my fiancee and I were having regarding our finances, she brought up a problem that she seems to be having with her past.
She has some collections items in her credit history. Unfortunately, I haven't yet been able to see her report, but she said that there's one company (maybe several) that appears to be keeping the debt current, so as to avoid the seven year statute of limitations. These debts are, in fact, older than seven years, yet still appear on her credit report.
After reading the FCRA, I thought that it's flatly against regs to keep any item longer than seven years (barring a few exceptions). However, I read another post on CreditMagic that said that if a person makes any payment whatsoever, it resets the SOL. I understand that, and I'll ask her if she's made any payments within the last seven years, which would explain why that item is still on her report.
But: can a company or debt collection agency itself take action on an account regularly, like once a year or so, to keep the debt current and constantly resetting the SOL?
Other than that, I am prepared to write a letter to whichever credit agency it is telling them to remove the item, citing the relevant FCRA.