credit report help?

Question

I have a couple of accounts that were in write-off but i paid them over 1 year ago. i have 1 account in collections that i do not remember at all. i read on website site that the statute of limitations for my state is about 5 years. all those items were placed on my credit report in 2001 and 2002. those accts that i paid off are still on my credit report as a negative. Can i call these collections agency and ask them to remove all those items on my credit report because it has exceeded the statute of limitations?

Answer 1

Never speak to a collection agency on the phone - always do everything by mail, sent certified mail return receipt.

Credit cards will fall off your report 7 years from the time you were 30 days late and never brought the account current leading to the charge off - with the original creditor.

Even if you had paid the collection agency for a charged off account they cannot legally re-age the debt. It still must fall off on the original 7 year date.

Since you are past SOL on collection, and you don't even think it is yours, send them a debt validation letter and after you receive a response or 35 days from when they signed the green card (from the certified mail return rec.) send them a SOL letter. That will tell them that the account is past SOL for collections and they cannot sue (if they have that on their minds) Be sure you are out of SOL before sending a SOL letter.

If the accounts are reporting inaccurately, you have a legal right to dispute the accounts. If the accounts you had paid are reporting inaccurately, send the credit reporting agency's disputes regarding the inaccurate info.

If the account that is currently in collections is reporting inaccurately, send a dispute to the credit reporting agency's after you received the green card back.

Never contact or start a new dispute with the credit reporting when you have a current dispute going - it will only delay your current dispute.

You might click on my profile and do some reading in the links for the FDCPA, FCRA, etc.
Learn your rights and how to use them.

Answer 2

The statute of limitations in your state is only the limitation on the time they can actively pursue collection of the account. It does not affect how long they can report on your credit files. The FCRA states that collections can remain on your credit report for up to 7 years.

Answer 3

How to Clean Up Credit Report: Before approving your loan, your lender contacts the credit bureaus to get your credit report. Bad credit report will severely restrict your credit. In some cases, you may not even get the credit. So it is vital to get your credit report cleaned. To enable you to achieve that you have to alter your financial habits