ksm3672 wrote:
I just started on the most likely long road to repairing my credit. It states that negative items will come off in seven years, seven years from when? When the account opened, or when you had the first deliquency?
FCRA says they stay for 7 years and that 7 year period begins running 180 days past the date of first delinquency. Date of first delinquency is when you went delinquent and never caught up prior to charge off/collection.
I have two Capital One accounts, one opened in 2000 and one in 2001, both are charged off. However on both accounts I have a judgement on each and each has gone to two different collection agencies. So basically these two accounts are showing on my report six times. When the origingal account goes off, does the collection one and judgement one come off too?
When the OC is removed, the CA should be as well. The judgment will remain for 7 years from the date it was filed. Do you know what CA has the account now? DV the one's who do not have the account and they should remove it.
The collection ones indicate an account opening in 2005 and 2007, so by it being in collection does that give the deliquent account another seven years to be on my report?
The date open on a collection account is generally when the CA acquired the account. It is irrelevant to CRTP. DOFD is set by OC and does NOT change.
And if the collection account comes off, can another collection agency buy it and can it go back onto my credit report again even though the orginal debt was more than seven years ago?
Not legally. If it happens, it is called re-aging and is illegal.
Help I am sooooo confused about this!
