Experian re-age?

[stefanc]

I posted something about this a while back. It happened again!

I got an alert from CS and pulled my experian report this morning.

I have one account that has been bad since 2004 - seems to be reporting with a drop off at TU and EQ in 2011, seems right to me.

I have been making payments monthly, about 1/4 of what the payment should be. It has never been brought current since 2004.

Experian ups the drop off date every few months when the OC (still with the OC - internal collection) reports it. It's now sitting at drop off of 2014 with Experian.

Additionally the "reported since" date changes constantly to whatever the current reporting date it is, NOT when this account actually first started reporting. Shouldn't "reported since" reflect the date that it has actually been reported since? I have an old experian report from 2004 showing it way back then. In my mind it would seem that it has been reported since 2004.

The "account history" date always drops the last "collection as of XXX" and inserts the new current date, no historical (collection as of XXX) dates in there. Shouldn't this also reflect older account history dates?

Is this effectively looking as if it is a brand new collection every time they report?

Not sure what to do with this one! HELP -- Thanks

[Anonymous]

You need to keep all your old reports as evidence of when it should drop.

I know when collections update, the scoring model sees them as a "new" collection.

In your situation, where it is still with the OC, I don't know of that still holds true or not, but believe it does.

[stefanc]

---

@Anonymous wrote:

You need to keep all your old reports as evidence of when it should drop.

I know when collections update, the scoring model sees them as a "new" collection.

In your situation, where it is still with the OC, I don't know of that still holds true or not, but believe it does.

---

Thanks Sidewinder!

So what I am a bit confused about is if a collection updates occasionally and keeps "seeming" to be new, how does a lender sort through it as far as the age of it is concerned. So if I app for a credit card does the lender only see that there is a collection that is one month old, even though it is technically 4 years old?

Sorry if I'm a bit dense on this one!

Thanks