2007-09-30 06:33:02 · 6 answers · asked by andyc 1 in Business & Finance ➔ Credit
The date on your bad debt is the date of delinquency and it should roll off your report in 7 years. Reporting it with a later date just to cause you trouble and keep it on your report to get you to pay is called "re-aging" and is illegal. That said, it is, unfortunately a common practice, even if it isn't legal. You can complain to the credit bureau that the date is in error, if they have changed it, but that's about all you can do.
2007-09-30 09:40:01 · answer #1 · answered by Ted 7 · 0⤊ 0⤋
Depends on what state you are in. I assume you are referring to the Statute of Limitations (SOL). Making a payment generally restarts the SOL. In some states agreeing to make a payment or even acknowledging that the debt is yours will restart the SOL.
Check you state here http://www.fair-debt-collection.com/SOL-by-State.html
2007-09-30 15:33:18 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
The SOL starts to run from the date of last activity. That is usually your last payment or last purchase if its a credit card.
2007-09-30 21:40:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In Florida they can only reset the collecting SOL IF you acknowledge that you owe the debt "in writing and signed by you" or if you make a new agreement/contract with the collector/creditor and it is "in writing and signed by you"
Florida statute -
Title VIII
LIMITATIONS Chapter 95
95.04 Promise to pay barred debt.
--An acknowledgment of, or promise to pay, a debt barred by a statute of limitations must be in writing and signed by the person sought to be charged.
2007-09-30 14:33:51 · answer #4 · answered by echo 7 · 1⤊ 0⤋
Paying or agreeing to pay.
2007-09-30 13:36:54 · answer #5 · answered by shipwreck 7 · 1⤊ 0⤋
activity is you answering their call, because then they can say, they have made a contact with you.....
2007-09-30 13:37:48 · answer #6 · answered by bill the businessman 5 · 0⤊ 2⤋