Old charge off re-aged???

[Anonymous]

I have an old chage off that is supposed to fall off my credit file next year.  Experian shows that first deliquency was in OCT 2014,  then after a few months there was no info reported, until AUG 2016 they reported another deliquency on it, and on SEPT 2016 they reported I made a payment, which I never did, no more info reported after that. Is this considered re-aging?   Equifax and Transunion both show the  Charge off, but I don't see any payment history from them.  

Any tips would be very much appreciated!!  (debt was sold off some time ago, I managed to PFD that one, but the company behind the charge-off says they can't delete since they dont own the account anymore)

Thank youphoto1111111.png

[vntrsc]

The 7-year reporting period begins 180 days after the delinquency (DOFD) that led to collection or charge-off.  It is not based on payments.  In addition, once an account is charged off, that DOFD cannot be changed.  

[OmarGB9]

---

@vntrsc wrote:

The 7-year reporting period begins 180 days after the delinquency (DOFD) that led to collection or charge-off.  It is not based on payments.  In addition, once an account is charged off, that DOFD cannot be changed.  

---

+1

In addition, if you want to verify that the DOFD is correct, you could pull all 3 reports from annualcreditreport.com and check that it's listed correctly on all 3 reports.

[RobertEG]

It is "re-aging" in the sense that it increases the length of the overall current period since initial delinquency.

Each time a creditor makes an updated reporting to the CRA, they must specify under current status whether or not the debt is paid/settled, or whether it remains delinquent.

Thus, updated reporting re-ages the period and thus scoring impact of the delinquent account, regardless of whether or not the updated reporting also includes statement or receipt of a partial payment/balance decrease on the delinquent debt.  That is proper and common re-aging of the reported period of debt delinquency.

What is commonly referred to as improper re-aging applies to updating of the reported date of first delinquency (DOFD), which then improperly resets and extends the ultimate exclusion of the charge-off or collection, which is mandated under FCRA 605(c) to run from the DOFD.