possible re-aging attempt?

[Anonymous]

I have 2 accounts in question on my TU report:

LVNV and Portfolio Recovery are both reporting collection accounts.

Account 1:

OC- Hsbc/ Orchard Bank

Collector-LVNV (purchased)

both are reporting

both have same account number

OC date open 06/2004

LVNV date open 01/2009

OC balance amt $0

LVNV balance amt $1345

OC balance date 02/2007

LVNV balance date 01/2010

Account 2:

OC- HSBC (different account than acct 1)

Collector-Portofolio Recovery (purchased)

both are reporting

both have same account number

OC date open 7/2004

Portfolio date open 11/2007

OC balance amt $0

Portfolio balance amt $882

OC balance date 11/2007

Portfolio balance date 01/2010

IS THIS POSSIBLY A RE-AGING ATTEMPT?

IS THIS REPORTED PROPERLY?

My report states that I had a late payment in the last month (negative factor) and this is the only thing I can see. All other accounts are current.

[llecs]

There's not enough info to tell if it has been re-aged. The open dates aren't used to determine whether or not it was re-aged.

You'd want to look for the DOFD. You can find it on your EQ report if you pulled it directly from Equifax.com. TU and EX don't list it, but if you go to their websites and order a report, you should see a drop off date on at least the CA accounts. Subtract 7 yrs from that date to get the DOFD. You can also find DOFD via the OC. It is the month and year you first went late and never recovered. All baddie references must fall off by 7 years from that DOFD date.

The DOFD for both the OC and CA must match. If not, then double check and make sure that one isn't reporting an earlier date in your favor, as it sometimes happens.

The open date listed for the CA is never important. Ignore it. It basically is the date the CA took over the account. The open date for the OC is important in determining your length of history and helps in part in calculating AAoA.

[Anonymous]

Thanks, I will have to order directly from Equifax. I have pulled my TU and Equifax through myFico. I doesn't show DOFD but it does show DOLA and those do match.

Another question, on the collection accounts under "current status" it reads "120+ past due". Is that reported correctly?

How do I determine if they are only collectors or JDB?

[llecs]

There's debate in here as to whether or not a CA can report a late. I don't think they should ever report under "Accounts", but there's nothing in the FCRA that precludes them from doing so. Per your FICO score or under a manual review, it doesn't matter one bit. A prospective lender would know that it's a collection and FICO looks at the worst delinquency and that's the collection itself, which is worse than a 120 day late.

Generally JDBs are CAs that buy old, outdated, uncollectible, and out-of-SOL debt. But that's not always the case. Using your examples, LVNV and Portfolio are well known JDBs but both are reporting and it could be that both debts are within SOL (YMMV based on state). JDB is a term that no longer means what it once meant. IMO, treat all CAs equally (IMO....with disgust and contempt )