Mayday! Mayday! how many times can a collector re-age your debt per year? Im lost!

[Anonymous]

thanks a bunches 

[llecs]

They can never re-age a debt. It is illegal. The DOFD is always the DOFD and that cannot be changed. However, your "date of last activity", "reported date", and/or "updated date" can change at any time and results in a FICO drop. It can be caused by a DV, dispute, payment, GW, and so on.

[Anonymous]

thanks Lec.. whatsa GOOD WILL?

[Anonymous]

Also a DV <----------- means that collectors are selling the accounts to other collectors?

[llecs]

A GW letter is a letter sent to a paid OC or CA or a current OC (like a CC, loan, etc.) asking them for a favor to fix this or that.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=6834

The above link has a thread in it called "Goodwill Primer" and has some examples of GW letters.

ETA...a DV is a letter allowed by the FDCPA to challenge a CA on the validity of a debt. You may also find examples or info on DV letters within the above link.

Message Edited by llecs on 03-25-2009 07:19 PM