Credit? Can something be added to your credit bruea after it was all ready on there?

Question

I have defaluted on my student loan. It was way back in 97. It was on my credit bureua for 7 years it just came off now I have a collector calling me to collect. Can they put this back on the bureau isnt there a time limitaion. Help doe anyone know?

Answer 1

Actually I just encountered a similar issue. Back when I was 18 I had a BofA checking account that I wrote some bad checks on and it went to collections. I never paid the balance and it's not reporting on my credit report. 11 years later, i have excellent credit with no collections or derogatory credit reporting. Recently I got a letter in the mail from Asset Acceptance trying to collect on the BofA collection, at first I ignored it since it's so old and I knew it wouldn't affect me. Then I got a voicemail on my home phone, again no harm no foul. Then they called my cell phone the other day, this got me angry, so I called them back and the lady told me that they were trying to collect a debt for Bofa, i told her that she can not collect on a debt that is 11 years old. She said "says who" i tell her i've heard it before and she just can't. Then she tells me that they can't report it to the bureau but there is nothing saying they can't try to collect. I just told her it's not happening and she got snotty with me saying she will mark in my file that i'm not willing to pay my bills and hung up on me. I haven't heard from them since. If the collection that they are calling on is over 7 years old, the statute is up and they have no right to try to collect a debt that is not legeally owed. That's all you have to tell them and they will have to stop calling you or you can report them to the authorities for harassment.

Answer 2

The Fair Credit Reporting Act, a Federal law in the US, prohibits reporting ACCURATE negative information more than 7 years after you default. Bankruptcies can be reported for 10 years. The way to tell is a collection agent is lying is to listen for their voice. If you hear it, they are lying. That does not mean you no longer have to pay. Government backed loans can be collected though garnishment and seizure of tax refunds until paid in full with no statute of limitations. You no longer owe the bank, you owe the Federal government.

Answer 3

No it shouldnt show up again if it has already been taken off. There are a couple things you can do. 1. Contact the credit agencies to ensure that it has not shown up again, if it has, file a dispute and they will investigate. 2. You have the FDCPA to protect you. it stands for fair debt collections practices act. Look it up online and depending on what state you live in you have many laws to protect you. Tell them not to call anymore and they HAVE to stop calling. Again, read up on the laws for your specific state and it will save you the agony of going through it again. good luck.