@Anonymous wrote:
mine updates on the 8th of every month and it is legal so long they dont change dofd, they are allowed to renew their reporting montly.
Again! It's NOT the date it's updated or last reported! It's the status date and the date reported since! NOT the last updated date!!
They remove and reinsert making themselves look like a NEW collection! The only date they are allowed to change is the last reported date!
For example:
Hubs and my accounts went into collection in 2012, PRA purchased it in Feb 2015. The status should read past due since Feb 2015 when PRA purchased it! The date reported since should read Feb 2015 which is when PRA first reported the collection on my report!
How can the date of 1st reported be April 2016 when they have been on the reports since February 2015??!! When you 1st report something, that is the date it is 1st put on your report, it is similar to the date opened!
Date Reported
The date reported is the date that financial information about your account was reported to the credit bureau. This date is important because it impacts whether or not financial information such as your credit card/mortgage/auto loan balance will be used when determining your credit score. Because the balance amount on your credit accounts helps to determine your credit utilization, the inclusion of the most up-to-date information is critical. If the date reported is too old, the information may not be accurate so the credit bureau excludes the information when calculating your score. https://www.myhorizontoday.com/bankruptcy101/four-important-dates-and-what-they-mean-to-your-credit-score/
Starting all over again!
