I've recently begun to clean up and rebuild my credit history. I defaulted with BoA for $1098 back in 2002...was hounded by collection agencies for a few years which I ignored....now that I'm actually examining at what's in my credit report, I noticed that my BoA collection acct. had been sold again and is showing a "new" date of assignment as 4/2007. I was waiting for this to fall off in 2 more years. My question is: If a collection account is sold, does this start the 7 year time clock all over again?? What can I do about this particular account? I have not yet attempted a PFD as I have some other collection accounts.
Thanks for your help guys! I'm trying to learn fast here. On the brighter side of things, I did speak with AMEX today and they confirmed that my Optima Oasis paperwork is in the mail! I'm on-my-way in some directions!!
rob
