Can a creditor report a repo two years after it occurred??? Please read this!!!

[Brandon1972]

I've been posting some other threads related to my question. My ex and I purchased a car from a corner lot 3 years ago. They did in-house financing. My ex ended up getting the car as stated in our decree. She gave the car back 2 years ago and they're just reporting not a repo but a strict forclosure in an open account with a $6888 balance. This doesn't seem quite fair as they never reported the on time payments to the CRA's. I was just looking in a copy of the 2012 FCRA and came across this. Can someone tell me what this means? Is this saying a creditor has 90 days to report a delinquency???? (5) Duty to Provide Notice of Delinquency of Accounts (A) In general . A person who furnishes information to a consumer reporting agency regarding a delinquent account being placed for collection, charged to profit or loss, or subjected to any similar action shall, not later than 90 days after furnishing the information, notify the agency of the date of delinquency on the account, which shall be the month and year of the com - mencement of the delinquency on the account that immediately preceded the action

[Shogun]

Yes, they can add/update anytime within the 7 year CRTP.   that just says they must provide the proper DoFD within a certain timeframe.

[Brandon1972]

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@Shogun wrote:

Yes, they can add/update anytime within the 7 year CRTP.   that just says they must provide the proper DoFD within a certain timeframe.

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But they never provided the DoFD till now.  There was a deliquency 2 years ago and they're just now reporting, just not in a derog way.  I'm really hoping I have a leg to stand on to dispute this somehow.

[Shogun]

I don't see a reason to delete.  At the very most, they verify the DoFD.

[polno1234]

no lender is ever required by any law to ever report to the cras. the only laws are on accuracy of info on crs and how a debt collector must act. sullivan vs equifax- reprting a debt to a credit reporting agency is " a powerful tool designed, in part, to wrench compliance with payment terms"

exactly what they are doing by reporting it now that they see you are attempting to clean up your report.

umderstand that a violation of fcra from  does not constitute removal of said item from report. you may sue for damages and they report with correct info. fdcpa does not require deletion of the item either only a cease on activity until such time as it is validated or past crtp.