Can a debt be put back on your credit report after 7 years?

Question

Be it the original creditor or the agency that it was sold to or resold to.

Answer 1

No. The origninal creditor or any collection agency must abide by the FCRA rules for reporting delinquent accounts. A delinquent account can only be reported for 7 years only. It doesn't matter when the account is sold or when a CA purchases the account, for credit reporting purposes, the OC and CA must abide by the original delinquency date. If an original creditor or a collection agency reinserts the item on a consumer's report, they are breaking the law.

Millionaire is correct and Gee-Gee is WRONG! There's a difference between someone who doesn't know the law and unknowingly gives incorrect information and advice, and someone claiming they know that old debts only come off a consumer's report when they are paid. I suspect Gee-Gee is either a troll or a collection agent trying to spread lies and misinformation.

I've had credit problems in the past. All of my delinquencies occured in 1999, guess what? All negative items have fallen off. I had to dispute one entry from a collection agency that tried to re-age my account, the dispute was found in my favor and their entry was deleted from my report. I don't advocate running up debts and not paying them. Due to life circumstances I defaulted on my obligations. I didn't pay my old debts because they were time barred after 2003 and paying old debts hurts your FICO score rather than help.

Answer 2

No. Even if the debt was sold to another company they must still go by the7 year rule from the debt's origination. The only way a company can report it back to your credit after seven years is if they can somehow trick you into signing a new agreement to pay the loan. At which point, the statute of limitation starts over and they get ANOTHER 7 years. So, watch out for companies that try to get you to re-sign a new contract on old debt.

Answer 3

Yes. Search for the term "zombie debt" and you will find a plethera of information about companies purchasing old debts from credit card companies and then reporting them as new debts.

Answer 4

The answer is yes as long as it is unpaid. Lets say that you had a collection account from a long time ago and you never paid it. Now he collector knows where you are, they can put it on your credit in hopes that you finally pay it.

The 7 year rule that the person above me mentioned is a lie. Most things once paid will fall off after 7 years, some are even 10 years these days. But for them to fall off your credit it has to be paid. Tax liens, collections etc, can stay on as long as there is a balance still showing.

Answer 5

Jan4 is absolutely right.My debts from 7 years ago are all gone.I have a clean record and no problems anymore.