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Collections Law/Reaging old accounts
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Question
HELLO MICHAEL, I HAVE WORKED SO HARD AT REPAIRING MY CREDIT BUT THERE ARE FOUR REAGED ACCOUNTS ON MY CREDIT REPORT. MY SCORE IS SOMEWHERE AROUND 608 OR SO. I HAVE REVIEWED MY REPORT AND SEE THAT ALL FOUR OF THE ORIGINAL DATES ARE WRONG. IT LOOKS AS THOUGH THE ACCOUNTS WERE SOLD TO A NEW AGENCY WHO PICKED UP THE ACCOUNT AND THEN CHANGED THE DATES. IS THERE ANYTHING I CAN DO TO GET THIS TO STOP?
Write a letter to all 3 credit bureaus and dispute each debt individually. Demand they verify the dates of these debts and remove outdated info. Request a copy of your updated report be sent to you to verify they verified the info. All inaccurate information must be removed.
Keep in mind that although the information may only be reported for 7 years they may be able to continue to collect depending on your state statute of limitations.
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Answers by Expert:
Michael Brotherton
Expertise
Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).
Experience
Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
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