2007-08-28 04:11:56 · 9 answers · asked by Jessica t 2 in Business & Finance ➔ Credit
Heck no! Making a payment on the account would cause the date of last activity to update. Disputing through the bureaus will not. Dispute away! Also, if you're looking at your credit report, you can see the date the company last reported. If it was a long time ago then its more likely that they have just forgotten about you. Good luck to you!
2007-08-28 04:19:34 · answer #1 · answered by Bobbie 3 · 2⤊ 1⤋
It should show on your credit report how long the item has been active and the expected due date for it to drop off.
If you file a dispute via the credit bureau, they have to contact the company/creditor in order to resolve the dispute. When contacted by the credit bureau, the creditor has a choice of responding or not responding. If they don't respond, the item gets wiped off your credit report.
BUT if the company responds to the credit bureau in any way whatsoever, their response and the DATE of their reponse will be listed on your credit report -- then it will stay on your credit for 7 years from the response date.
AND if the item has not already been written off as a bad debt by the creditor (which closes the item out officially), this contact may cause the company to decide they do indeed want to pursue you for the money and that will also re-start the time because the item has become active again.
2007-08-28 11:30:17 · answer #2 · answered by Goddess 5 · 0⤊ 3⤋
I will not restart the time if you dispute the debt.
The length of time a negative mark can stay on your credit report starts from the time you were late or the late payment went into collection, not from the last time you made a payment on the account.
2007-08-28 15:40:39 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Any activity on an account will restart the time. Its best to leave it alone if possible. I am actually referring to a situation if you let a car go back under as a repossession and then 3 years later you go back and start payments again, it starts the time over again. If would have fallen off after 7 years but the time starts again after each payment or activity. If you are talking about your credit report, thats different. I have corrected many itmes that were wrong, through disputing it with the credit agency that it is listed with.
2007-08-28 11:16:47 · answer #4 · answered by The Wižard 5 · 1⤊ 6⤋
Check your records first , ( for last payment )
Then , a dispute to the credit agency should not restart the clock . . .
Only the last payment to the lender counts ( I think )
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2007-08-28 11:18:03 · answer #5 · answered by kate 7 · 0⤊ 1⤋
Wizard is WRONG if you are talking your credit reports. If you are talking state regs on collections then YES if you even contact a collector in a couple of states you start the time for COLLECTIONS but not the credit reporting.
7 years from 1st delinquency on the credit reports period.
2007-08-28 11:20:19 · answer #6 · answered by Anonymous · 0⤊ 2⤋
No it will not.
There are a lot of people that think this happens but according to the F.C.R.A. this is not legel.
I looked it up after Studly busted my for posting it in a previous answer.
2007-08-28 11:19:41 · answer #7 · answered by ? 7 · 1⤊ 2⤋
It only starts over again if you pay on it...and thats it...
2007-08-28 11:21:27 · answer #8 · answered by Crazy cat lady >^ ^< 4 · 0⤊ 2⤋
No it does not, if someone re-ages it, then you can sue
them.
www.creditinfocenter.com
2007-08-28 13:53:39 · answer #9 · answered by Anonymous · 0⤊ 1⤋