Expired SOL

What is the name of your state? CT

I have many charged-off accounts in 1998 & 1999. Recently I noticed that some accounts were taken over by collection agencies on my credit report but these accounts were given recent dates. How can I stop this from happening because it is making my credit report worse. They make it seem that some of the accounts are recent but in truth they are 4 to 5 years old.

Help anyone - Thanks

[Ladynred]

The only thing that counts is whether or not these CA's changed the Date of Last Activity. THAT would be illegal re-aging. They can accurately list they date they aquired the account, that will NOT extend the 7 year reporting period. Collections cannot outlive the original account's negative entry and 7 year reporting period. Any collection is going to trash your score.

On my old accounts, my credit reports show "last updated" as of this year (2003).

Mine are about 7 years old and were charged off in '96. What do you think TransUnion means by "last updated 2003"?

[Ladynred]

Usually it means the last time the CA reported on it.

That is exactly what I mean about the last update date. They list when they get the account then list the update date. The reason why I ask this because I was trying to buy car and the guy who ran my report said these account are current. Can they do that?

[bigun]

Unfortunately, a lot of credit scoring models see date opened and assign a recent value.
You need to get someone to actually look at the account and see the chargeoff date.