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Can a collection agency keep renewing the 'date opened' on an open collection account?
Wiki User
∙ 8y ago
No they can not this is called reaging a debt to make it appear newer than it is.
This is illegal.
file complaints with your states BBB and the FTC
also your attorney generals office.
you should see some results.
I feel your pain. My husband has a collection account on his credit for a judgment/wage garnishment from 1993. The judgment now appears on his report as a collection account date open Oct 2003. We spoke to the collection agency Debtorbase Collections and they said that the debt has been "renewed". I've called the FTC and various counsumer protection agencies and frankly I knew more than they did. Who trains and hires these people? Basically we are currently trying to track down the initial judgment via the courts so that we can send the credit reporting agencies proof that his debt is beyond 7yrs. We've already disputed it with no results. Basically when Experian conducts their "investigation" they just ask the collection agency what are the dates etc.. and of course they lie, no duhh! The last we spoke with the credit reporting agency we were told to provide proof of the initial judgment and then they will delete it. We also requested documention of the original debt from the collection agency. The Fair Credit Reporting Act is a joke. No one obides by it nor does anyone care. Basically we are on are own. We live in CA.
Pay your bill instead of hiding for 7 years and hoping it will disappear. Re-aging may not be right, but where I come from, taking money and not paying it back is called stealing. Period.
That was a stupid and unfair answer. Not everyone who hasn't repaid a debt is "hiding from it". And, if I attempt to arrange repayment of a debt (regardless of why it made it to my report in the first place), I EXPECT that the creditor will assist me in making the item "disappear" from my credit report. Otherwise, I wil let it sit there and vanish in 7 years.
I am right now in the process of suing Debtorbase. I have done some research on them (as well as talked to them) and they are the worst kind of company. They have even been sued by people that worked for them, they are no one to deal with. Take the other person's advice as well as this: Get them on tape when you call (it's admissible in Federal court and you can have it transcribed) and file complaints with everyone you can. Then sue them.
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Good for you, as for the 2nd answer, you must be working for a collection agency to have made that kind of insensitive remark. I had to do this as well with a horrible company too that just about ruined me over $30.00.
Wiki User
∙ 8y ago
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Can a creditor and the collection agency who purchases your account from the creditor both report the same debt in separate instances to a CRA?
Yes, they can and it's customary for them to. The original account should have all the history, including late payments you made and the status (collection or charge off), the DLA, and date the account was opened. It should not be showing a balance due once sold or assigned to a collection agency. It may have a statement about being sold or transferred, but not always. The CA account should have the date they received, or were assigned, the account and the current balance (often with interest added in). The DLA should not have changed.
How do you dispute items on your credit report?
1. Get a copy of your current credit report. (I have used www.freecreditreport.com which can provide all reports from all 3 credit agencies for around $40.) 2. Write up letters to each collection agency asking why each account was opened along with the account balance. 3. Get the letter certified, copied and send them to the collection agency. 4. (Read both of these steps) If the collection agency replies: you can "Ask For Forgiveness" from them and offer a different ammount than the full balance and barter, be sure that the letter of forgiveness stats that even though you did not pay the shown balance that they close the account and say it was paid in full. If after 30 days the collection agencies do not reply you can contact the collection reporting agencies in which the negative note was placed and provide them with the copied documents showing that 30 days has passed and the collection agency has not replied. The mark will be then be removed.
How does someone close there bank account if they are under the age of 18 and will they need the parent that opened the bank account with them when they go to close it?
Most likely, the parent who opened the account is the custodian of the account and is technically the only person who can make major changes, including closing the account. Therefore, the parent who opened the account will need to visit a local branch to close the account.
How can one open a post office card account?
For one to open a post office card account, the person needs to ask the government facility that issues their payment (i.e.: pension, taxes, etc.) for approval. If the government agency is one that pays to a post office card account, one will be opened for you by that agency. Once the card is open, you may use the card freely, without the worry of overdraft fees.
If one opened a bank account with Abbey in the 1990s what bank do they have an account with today after the mergers?
If one opened a bank account with Abbey in the 1990's, they would have an account with Santander. Then in 2008, they purchased branches from Bradford & Bingley.
You have a valid debt that was purchased by another collection agency however the original date that the debt was opened was 2003 The new collection agency has it listed as 2005 is this legal?
The date that is of the most importance is the DLA, which is used if it pertains to the state SOL. The opening account date can be disputed and possibly amended, but it will not affect the validity of the debt or prohibit the collection process.
Can a creditor and the collection agency who purchases your account from the creditor both report the same debt in separate instances to a CRA?
Yes, they can and it's customary for them to. The original account should have all the history, including late payments you made and the status (collection or charge off), the DLA, and date the account was opened. It should not be showing a balance due once sold or assigned to a collection agency. It may have a statement about being sold or transferred, but not always. The CA account should have the date they received, or were assigned, the account and the current balance (often with interest added in). The DLA should not have changed.
How do you dispute items on your credit report?
1. Get a copy of your current credit report. (I have used www.freecreditreport.com which can provide all reports from all 3 credit agencies for around $40.) 2. Write up letters to each collection agency asking why each account was opened along with the account balance. 3. Get the letter certified, copied and send them to the collection agency. 4. (Read both of these steps) If the collection agency replies: you can "Ask For Forgiveness" from them and offer a different ammount than the full balance and barter, be sure that the letter of forgiveness stats that even though you did not pay the shown balance that they close the account and say it was paid in full. If after 30 days the collection agencies do not reply you can contact the collection reporting agencies in which the negative note was placed and provide them with the copied documents showing that 30 days has passed and the collection agency has not replied. The mark will be then be removed.
What is an account opened by two people?
Joint account.
When a credit card company files a lawsuit how do they determine jurisdiction the credit card was opened in Florida the collection agency is in Massachussetts and you live in South Carolina?
They would likely hold the case where you live for simplicity.
A personal account cannot be opened in?
One place in which a personal account cannot be opened is the Reserve Bank of India.
When was the Prado opened?
The Prado opened to the public in 1819. The collection it houses began in the 12th. Century.
How do you use garnish in a sentence?
"Before serving the prepared dish to the restaurant customer, the chef added the customary Parsley garnish to the opened baked potato."
How does someone close there bank account if they are under the age of 18 and will they need the parent that opened the bank account with them when they go to close it?
Most likely, the parent who opened the account is the custodian of the account and is technically the only person who can make major changes, including closing the account. Therefore, the parent who opened the account will need to visit a local branch to close the account.
How can one open a post office card account?
For one to open a post office card account, the person needs to ask the government facility that issues their payment (i.e.: pension, taxes, etc.) for approval. If the government agency is one that pays to a post office card account, one will be opened for you by that agency. Once the card is open, you may use the card freely, without the worry of overdraft fees.
How do you use account in a compound sentence?
She drove to the bank and she opened a savings account.
If one opened a bank account with Abbey in the 1990s what bank do they have an account with today after the mergers?
If one opened a bank account with Abbey in the 1990's, they would have an account with Santander. Then in 2008, they purchased branches from Bradford & Bingley.
