charge off and collections

[Anonymous]

Hi all, I would like to know if a credit card company can continue to report a charge off if they continue to resell my debt, or if they are limited to the seven year statute of limitations. Subsequently, can the collections company continue to report a collection past the seven years of the original debt, or is it considered a "new" debt. Thanks ukanduit?

[Anonymous]

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ukanduit wrote:
Hi all, I would like to know if a credit card company can continue to report a charge off if they continue to resell my debt, or if they are limited to the seven year statute of limitations. Subsequently, can the collections company continue to report a collection past the seven years of the original debt, or is it considered a "new" debt. Thanks ukanduit?

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welcome, please read these threads..they are all full of info.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

Newbie guide

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=38534

Crtp and SOL

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=17466

Yes an OC can remain on you CR for 7-7.5 years  after DOFD or DOLA

A CA can also report at the same time as the OC......but only 1 CA at a time!

[Anonymous]

Thanks