Few Questions for the PROS???

[Anonymous]

I am working on rebuilding me and my wifes Credit and have a a few basic question.

If a Neg. main CC account & collection accounts for that main CC accout reaches the 7 year mark from the main CC account  falls off my report unpaid then a year later a new colection company picks up that CC account can they report it back on my credit report even though it would be 8-9 years for the account they are colecting for?

If I pay off a Debt on my report will that improve my FICO Score because it sounds by reading that paying it does not improve the score but the age of the account it then the falling off of the accout is what maters.

I have several acounts that have fallin off my EX & TU File but the EQ seems to be very delayed when removing them after the 7 year mark.

I have read that EQ goes 7 years from date of last activity but on several acounts there is no date in that spot so what would I go off of?

Thanks for the help! I tried to look this stuff up but came up empty handed. 

[Anonymous]

Im still new to this but I will try to answer from what I have learned so far.

First always now your SOL on any debt and always mail all items CMRRR.

They can not report if it is 7/ 7.5 yrs from Dofd or DoLA. Although this has not stopped some from reporting anyways.

If you are going to pay a debt try to PFD. If its close to drop off time just leave it be and let it drop.

EQ should list a date of drop off on your CR.

You can try to call the CRA and ask for your date of drop off or your DOFD or DOLA.

Also always keep a copy of your CR on your pc or print it out for future reference. Hope this helps

[future]

well put, i couldnt of said it better

[Anonymous]

Thanks for the responses! Now if a colection company does report for a CC that fell of do to being over the 7 year mark will it be a problem getting them off since they would be colecting a debt that is over the age and had droped off for being over the age?

Does paying a a colection of that has several more years to fall off help your score alot or not since it would be more about the age of the colection?

Thanks

[Anonymous]

As far as an answer goes for your first question, you never know how "hard" it's going to be to get it off your report.  Just like was said before, check your SOL for your state and make sure.  Then, go from there. 
As far as your second question, in my opinion, if a collection is on your report, get it off.  Especially if it has several years to go.  It will eventually make your score better and not raise a red flag when applying for anything such as a mortgage or car loan.  On those though, try to work with the OC.  Then, if you can pay the OC and not the CA, the CA doesn't have anything to report.  AND, you will have the proof that you paid the debt to the OC and not the CA.

I hope I was somewhat helpful for you. 

[Anonymous]

Paying a collection does not help your score in any way - only getting it deleted off our report helps (a PFD or failing to validate can accomplish this).

A new CA can try to report after the first 7 years have passed - so keep all reports and all documentation you may have regarding the debt.

IMO if a CA reports the debt after the 7 years and you have proof of the actual dates - you don't bother with a DV you go straight to an ITS combined with a C&D/SOL letter.  If they don't remove you would file in federal court (this is a $2500 violation plus attorney fees).