topic Re: CA reaging account?!? in Rebuilding Your Credit

CA reaging account?!?

Anonymous — Thu, 24 Dec 2009 15:12:35 GMT

I had a credit card that was orginally reporting to my CR. Now they have sold the closed account to a CA. The OC is no longer reporting, but the CA is. It now looks like they have changed the DOFD. Why would that be? I thought it wasn't legal for them to change the DOFD? Any help is needed! Thanks

Re: CA reaging account?!?

Anonymous — Thu, 24 Dec 2009 16:34:35 GMT

With this situation should I PFD the CA so its not a baddie anymore? Thanks in advance

Re: CA reaging account?!?

llecs — Thu, 24 Dec 2009 16:59:23 GMT

Swtrandi wrote:
I had a credit card that was orginally reporting to my CR. Now they have sold the closed account to a CA. The OC is no longer reporting, but the CA is. It now looks like they have changed the DOFD. Why would that be? I thought it wasn't legal for them to change the DOFD? Any help is needed! Thanks

It is illegal to change the DOFD, assuming it was reporting accurately the first time. DOFD is the day you first went late and never recovered. On an OC baddie, it typically looks like a 30 day-60-90-120-CO-etc.etc.etc. The month the 30 first appeared is the DOFD. DOFD is usually the basis for SOL and for CRTP. Therefore, moving the DOFD forward re-ages the account to extend the SOL and extends the CRTP. If your DOFD as listed on your CR pulled directly from EQ changed to an incorrect date or if the drop off date changed on your TU or EX reports to an incorrect date, then it was re-aged. Remember that CRTP is legally 7-7.5 yrs as set by the FCRA and make sure your correct DOFD falls within that period.

Re: CA reaging account?!?

LIGHTNIN — Thu, 24 Dec 2009 17:00:43 GMT

What was the name of the CC? What was the original DOFD and what is the CA reporting now?

Re: CA reaging account?!?

Anonymous — Thu, 24 Dec 2009 17:11:53 GMT

Salute Credit Card, which Jefferson CA is now trying to collect! They are saying the DOFD was Dec 2009 when the OC was saying June 2009! I know its not that big of a difference, but everything counts! Any suggestions? Thanks in advance