yahoo ID 89523 asked:
I disputed some items through Experian and Equifax. Does simply disputing the debt re-start the 7 year count down?
I disputed some items through Experian and Equifax. Does simply disputing the debt re-start the 7 year count down?
Thanks.
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Not at all.
Don’t agree the debt is yours – or make arrangements to pay.
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debt
no it does not.
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Are you referring to a collection account or a charged off account? In many cases, a charged off account, may be sold to a different party, i.e. a debt collection agency. Now, a second entry for the collection may appear on your account as a collection account, though it may be a collection account from the charged off account. This is a gray area in credit reporting. These types of accounts can be “re-aged” by unscrupulous collection agencies. The answer is yes, that these accounts can have the statute of limitations started again, though it is illegal. You, as the consumer, have to be vigiliant and protect your credit, and vigorously dispute these kinds of things on your personal credit history.
If the item you are referring to is a charged off account (like a credit card), what are your plans? Do you owe someone money, and have they been paid? Are these unpaid judgments, a bankruptcy, etc? If the information you want to remove is from an older account that was bought by a credit agency, be careful about contacting them, because each time an account is re-aged the 7 year clock starts again. So be careful about acknowleding to any credit that a debt is yours. Collectors can’t legally restart the seven-year clock by “re-aging” the debt (giving it a new delinquency date) or by selling it to another agency. Yet, this happens all the time and a lot of people are unaware that this happens, and aren’t aware that some collection agencies willingly break the law. If you are more specific about what you are trying to remove, let me know. Good luck.
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The only way the SOL can start over again if your account is still in-house and you bring the account up to date. You should request your yearly free credit reports online through annualcreditreport.com or by mail, just call Trans Union toll free @ 1-877-322-8228 for all 3 free reports. If there is something on the reports you’re not aware of, dispute it immediately.
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I once talked to a credit repair company who would “save me up to 50% of my debt.” Using a figure of $20,000 debt, the rep told me they could cut that in half to $10,000…and their fee was only $13,000. So to have them help me, I’d pay $23,000 when all was said and done! Something to think about…
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Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – creditreport.imess.net