I wanted to know how long a creditor can report a account which was deliquent. Is it from date of 1st deliquency or date of last activity? Which means if I spoke with them in 2003 they are reporting that as activity. Thank You
I wanted to know how long a creditor can report a account which was deliquent. Is it from date of 1st deliquency or date of last activity? Which means if I spoke with them in 2003 they are reporting that as activity. Thank You
Accounts can remain on your CR for 7.5 years from DOFD.
A CA cannot legally re-age an account just on the basis of a conversation or other contact. The only way an account could be re-aged is if you made a payment, or engaged in a written agreement to repay.
