10-2000 as that is the balance date line. Since this is way over 7 years old, shouldn't this have fallen off and became just the lessons of the history of my youth? and if so, how can i get experarian to remove it?
2007-11-25 06:03:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
the state was texas. I went to experian and its being listed as a good paid account, so i dont know whats up.
2007-11-25 07:59:49 · update #1
it looks like a collection account from an equafax 3-in1 report, BTW.
2007-11-25 08:01:56 · update #2
I called their customer service and problem taken care of.
2007-11-25 12:29:48 · update #3
Credit card debt does NOT follow under written contracts....Credit Card debt falls under "Open" accounts. Regardless, credit card debt that has been charged-off can only stay on your credit file for an absolute max of 7.5 years regardless of what state you live in...The clock cannot be restarted.
Predatory collection agencies are notorious for tampering with credit files for their advantage. You need to file a dispute with Experian.
2007-11-25 06:16:06 · answer #1 · answered by CatDad 7 · 1⤊ 0⤋
If the credit card was charged off in 1997 it should have been removed around 2004. Sometimes if a new company gets the account they will list the date opened as the date they got it. However, this does not re-age the original date.
You need to send a dispute letter to Experian. State that this account needs to be removed because it was charged-off in 1997 and is beyond the 7 year reporting limit. Send it by certified mail with a return receipt. Depending on where you got the credit report from they have 30-45 days to investigate and respond to you.
2007-11-25 06:44:44 · answer #2 · answered by OC1999 7 · 1⤊ 1⤋
How do you get it removed? PAY IT. Collection accounts do not fall off your report until seven to ten years after they are paid in full. They just get resold to other agencies every seven to ten years to keep it a fresh negative mark on your credit report.
2007-11-25 11:35:49 · answer #3 · answered by zippythejessi 7 · 0⤊ 1⤋
It depends what state you live in. This would fall under a "contract", because you did sign something. In my state the statute of limitations for contracts is 15 years, so depending upon where you live you could still be liable.
2007-11-25 06:08:40 · answer #4 · answered by GovernorJason 3 · 0⤊ 2⤋