Is this considered re-aging of a collections account on my credit report?
May, 2010 in Transunion Credit ReportI received a call from, NCO (?), a collections agency last week. I contacted NCO to find out the reason for the call. The debt collector told me that I owe a balance of $597 on an old store credit card. I checked all three of my credit reports yesterday and the account was on the Experian credit report. It was listed as a balance of $0 and the date opened was 4/2001. It wasn’t categorized as negative information. It wasn’t on the Equifax or transunion reports at all.
Freecreditreport.com alerted me today that there was a change to my credit report. My score plummeted 50 points. A collections account was added by NCO. It reads that the date opened was 11/1/2007 and the past due balance is $597.00
Prior to seeing the new account posted, I asked NCO to send me information in writing and I refused to acknowledge the account. However it was an account I had when I was 18 that I quit paying on shortly after I opened the account.
I just got pre-approved for a home loan and I’m not sure what to do. I regret my irresponsibility when I was 18 but the information NCO added to my credit report is misleading, Is it considered re-aging and is there anything I can do about it???
Help!!!!!
Yes, it’s re-aging.
Send NCO a letter via Certified Mail + Return Receipt (NOT regular mail) stating:
Per the Fair Debt Collection Practices Act, I am requesting written validation of this alleged debt, which includes:
- a copy of the original signed contract with my signature
- validation of the original “Date of Delinquency” for this alleged debt
- validation of the “Date of Last Activity” for this alleged debt
The account may have been too old to collect upon through the court system. They have a certain number of years to file. After that, they cannot go through the court system to get a judgment.
Now, you may have said something over the phone that you acknowledge the debt was yours. That’s all it takes to re-age the debt. I know you said that you refused to acknowledge the debt.
Write a letter to Experian challenging the debt. That may save your house.
NCO are full of scum bags they feel that they can do just about anything. Fight them.