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 Post subject: Re-aging
PostPosted: Tue Dec 19, 2006 11:24 pm 
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Anonymous wrote:
<<<In layman's terms would re-aging consist of a Collection agancy creating a new account opened date. I can not give all of the details as the account is currently under litigation under a separate matter. I had a card go into default in 2001. The collection agancy received the account in 2001 . They then re-aged the account to reflect a 2004 opening date as did the original credit card company. I disputed the information based on an old report showing the original date. The credit card company deleted their entry, but the collection agancy has an entry stating that the account was opened in 2004. The Credit agancies [TU & EX] are showing the 2004 open date. Is this legal? Should I dispute again this time sending them a copy of the original documents and date showing that the Collection agancy's account was opened in 2001 and that they are extending the 7 year drop off date? >>>


Yes, creation of a new Open Date without reporting the prior history and date of first delinquency. It is not legal to mis-report the Open Date or the DFD [date of first delinquency]. You need to contest it. If you have proof of the DFD then send a copy of those.

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