twt11 wrote:
I have an account that sent to collections and is only showing up with the CA.
The dates are:
Date of first delinquency: 07/2002
Date closed: 09/2002
Date of last payment: 03/2005
Current status: Collection account
Payment history only shows one late payment code: 120 days in August 2005
I spoke with the CA and they are saying that it will remain on my credit report for 7 years from the date I paid it off: 03/2005. They are saying that since it was still past due at the time I paid it off then it will be 7 years from that date. Can this be right? I thought is was supposed to be 7 years from when it first became delinquent.
Once an account is closed for any reason and a payment is made the CRTP does not change!!
If the account is open & you are late making payments....IF at any time you become current this starts the CRTP over if you become late again.You MUST become current!
SOL Most states go by DOLA.....any payment at any time will reset SOL.
They lied to you! Only Public Records....liens,judgments etc.....drop 7 years AFTER being paid!
All other things...like CO drop 7-7.5 years from DOFD not when it was paid.
Yours should drop in 2009
This is not accurate reporting!!!!! DO NOT talk to a CA!!! everything in writting!
Who did you pay the OC or the CA?
Message Edited by HappyDays on
01-26-2008 01:44 PM
