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.