Re: Old Debt
03-22-2012 01:58 PM
So to follow along w/ this topic....does after they sell it, they can report it all over again? I am just curious since I will be applying for mortgage soon, and I will have old things that won't be on my cr anymore. So then they report on your cr for another 7 years or what? Do you dispute? I understand they can still try to collect, but can they actually keep it on your reports for as long as they want?
No ~ the CRTP for both the original account and the collection account are based on the DOFD of the original account. At 7.5 years from DOFD neither the OC nor CA accounts should show on your credit reports.