7 / 10 Year Rule, re: Credit Bureaus

[Doublecredit]

What is the name of your state? NH

If a bank or credit agency debt is aged off of your credit bureau file after 7 years or after the legal time expires, can that charge ever be placed back on your file?

Example, a past aged debt ages off per the credit bureau on April 08. I know a bank or CA can resell that debt, but can the new agency/bank put this charge back on your credit file? Essentially making you have another 7 years with an already aged debt?

I have posted a similar question before, however I always get mixed responses. It's a simple yes or no question. I don't care if another CA buys the debt and sends me letters, etc... what I care about is having an already aged debt reposted on my credit file after already "serving my sentence" of 7 years with another bank/CA...

Your feedback is appreciated!

 

[CollectionGuru]

No, they cannot. If they do, sue them.

 

[TigerD]

It isn't seven years. It is seven years plus 180 days from date of first default. It is a minor distinction but since it looks like you are seeking grounds for a lawsuit, it is pretty important.

Also, credit checks for insurance policies of more than $150,000 and job paying more than $75,000 a year can go back ten years.

DC

 

[ecmst12]

Technically, yes, they CAN re-age the debt and report it to the credit bureaus. It happens all the time. But no, it is not legal.

 

[Doublecredit]

But if they re-age the debt...

and it's not legal, why would they do it? At that point I have legal opportunities to sue them, is that correct? If yes, what is the reality of getting a lawsuit like that processed and at what amount can could you win? Or could it back fire on you? I'm hoping these non-validated debts that have been haunting me, that I have been fighting, is done and gone after it ages off. If it comes back, I will definitely look into an attorney. Credit agencies suck!

Thanks for the info!!!

 

[Debt Guy]

and it's not legal, why would they do it?

Either through error or because they want to keep the heat on you.

At that point I have legal opportunities to sue them, is that correct?

Yes. However, "them" is not the CRA. It is the data furnisher who is pushing bad data into the system. The CRA is nothing more than a data repository.

If yes, what is the reality of getting a lawsuit like that processed and at what amount can could you win?

Reality is in your hands. You would have to file a lawsuit and prove the violation. FCRA allows different levels of damages than does FDCPA. My understanding is that FCRA allows $1000 per violation.

Or could it back fire on you?

Well, you still owe the debt. Lots of things could happen. You could still be sued. Potentially, any award you win could be offset against what you owe on the debt.

I'm hoping these non-validated debts that have been haunting me, that I have been fighting, is done and gone after it ages off.

Non-validated. Does that mean you don't owe the debts?

 

[Grandma's house]

What absolutely blows me away is this. No one ever takes the TIME to sit down with a copy of their own credit report and WRITES to the credit bureaus. All 3 credit bureaus.
Make ONE really good letter detailing out each trade line and issue. Make sure your social security # is on it (this is your credit report acct. #) copy it 3 times for EACH bureau. Reguesting credit scores to be adjusted according to each trade line and it's updates for number of months reported well. When you pay off a credit card to adjust the credit scores accordingly. Requesting they remove what you don't believe should be there AGAIN adjusting YOUR credit score accordingly.
What people do is complain. They think THEY have no say in how their credit scores are reflecting or an old collection re-appearing.

It is really simple. Do you really think there is some guy running around within the bureaus to say: oops, here's an old collection, it's time to take it off now? Or this...oops...he has paid his mortgage 12 mos. with no 30 day lates, it's time to re score?

Judgement liens and collections get paid off all the time and no one even looks to SEE if it is reflecting a 0 balance AND that the credit score is reflecting accordingly.

This is YOU, Your blue print or financial finger print. TAKE THE TIME to fix it.

 

[Doublecredit]

I have sent letters to the bureaus!

First, thank you all for the info...

I have send multiple letters, certified, to the bureaus with account specifics, why the debt isn't valid, plus on one account - additional proof of arbitration in my favor.

You know what they did? The sent me back a new credit report in less than 30 days and said, we checked with the creditor (CA) and verified this debt. We have updated your account noting your dispute. HOW CAN THAT BE POSSIBLE?

In less than 30 days the bureaus confirm and verify a debt? National Arbitration couldn't get the CA to validate the debt, but the bureau does in less than 30 days? It sounds like someone picks up a phone or maybe not, and just say - yup, we have something in this guys name, it's good. No creditor can proove to me, with my signature, that any of these accounts are valid.

How are the legally able to keep this crap on my account? The can't validate the debt, there is not proof of my signature, but they just keep it on my account... I don't get it?

What else can I write or say to get this off my account? Credit companies claim they can get this removed forever, but I have my doubts... there has to be something to make this go away 100%... paying is not an option, as they can't prove to me the debt is mine!

 

[ecmst12]

But IS it yours? You can't make them stop trying to collect, ever, unless you pay them. Even if the SOL expires, that is only a defense to a lawsuit, it doesn't mean they can't still keep asking you for money. Even if it's supposed to be off your credit report - even if it IS off your report - they can keep trying, and keep selling it to new agencies, and keep calling you, forever.

 

[Doublecredit]

That's the problem...

The accounts I'm disputing have not been proven, validated, verified, etc... that they're mine. I did have some old OLD accounts that were closed, paid off, etc. This was more than 7 years ago! Then out of the blue, new banks, CA, etc.. start adding on duplicate items to my credit report.

These companies tried arbitration, which was dismissed in my favor - but they continue to keep the debt on my account. I tried to explain this to the bureaus (but we all know they're idiots and work for the CA's/Banks) so the debts remain... I don't know how this is possible??

Seems like a big BIG flaw in the system if ANYONE can just reassume crappy data and debt records that can not be proven, are past 7 years old, are past SOL, etc. etc. and keep it on your credit history. They say bankruptcy is bad - but I'm thinking it's the only way to clear my name and credit. I do things right and the system gives me a BIG middle finger... it's not right! Am I mad? YES!!!

I don't care that they send letters, etc.. they can do that until I'm dead - it's the non-factual, non-validated, no signature proof debt that they stamp on my account that is pissing me off. I have been fighting this for 8 years now!! I'm thinking bankruptcy would have been easier on me... unreal....

 

[TigerD]

I don't care that they send letters, etc.. they can do that until I'm dead - it's the non-factual, non-validated, no signature proof debt that they stamp on my account that is pissing me off. I have been fighting this for 8 years now!! I'm thinking bankruptcy would have been easier on me... unreal....

You may not be -- but that is typical deadbeat talk. They don't need signature proof of anything. Validation is the name and address of the original creditor. Validation has nothing to do with SOL or credit reporting. The one question you have consistently avoided answering is: Is this your account? The fact that you evade that question tells me that it is your account and you are doing everything within your power to use the system to screw your creditor -- don't be surprised when the system screws you back.

Because of people like you that fight for 8 years to find every loophole, we have trained people for many years to find loopholes too. Doesn't it suck when they are used against you?

DC

 

[Doublecredit]

You MUST be a debit collector...

because you add NOTHING to a conversation and just piss people off!

You may not be -- but that is typical deadbeat talk. They don't need signature proof of anything. Validation is the name and address of the original creditor. Validation has nothing to do with SOL or credit reporting. The one question you have consistently avoided answering is: Is this your account? The fact that you evade that question tells me that it is your account and you are doing everything within your power to use the system to screw your creditor -- don't be surprised when the system screws you back.

Because of people like you that fight for 8 years to find every loophole, we have trained people for many years to find loopholes too. Doesn't it suck when they are used against you?

DC

First, I'm not a deadbeat. The question I have NOT avoided is: Is this my account = NO, this is not my account. I have never had an account with THIS bank and/or CA. Therefore this is NOT my account. Did this bank / CA pick-up a bad account, something that previously paid, etc?? Who knows, as they haven't validated crap!!

The fact that they only need to confirm my name and address is BS! And once again, your replies only add confusion and misdirection to the true answer. Can a CA or bank repost a non-validated, non-signature, SOL, etc... etc... etc... debt back on my credit report. From what I've read, yes they can - but it's illegal. Either way, until someone sends me my signature on a legal document with validation and proof that this is my debt - they are not getting any $$$. It's that simple.

And as for the bureaus not needing more than my name and address for proof of debt- that system needs to be fixed. That's probably the biggest scam and problem out of all of this...

So I have 3 options: Bankruptcy to clear it all, sue the bureaus for posting crap data, or an agency that "guarantees" removable of non-valid debt (which I concerns with, as I've gotten no where in 8 years). Thoughts on this???

Everyone aside from a low life !@#* !%&@!%! named debt collector feel free to respond. As he/she clearly has underlying motives to confuse and misguide folks that are really looking for honest support. To those folks, thank you for your feedback.

 

[AnotherMoron]

Either way, until someone sends me my signature on a legal document with validation and proof that this is my debt - they are not getting any $$$.

You will never get this, they're not required to provide it and they likely won't. You're fighting a losing battle. You're going to end up wasting time and energy and money fighting this when you could just pay what you owe and get on with your life.

I'm siding with debtcollector on this one. You say you've never had an account with THIS bank and you're being evasive about whether or not this is your debt. That tells anyone with half a brain that it's yours and you know it, but you're trying to get out of paying. This isn't rocket science. The 30 day turnaround has also already been explained. It's not only reasonable, but required by law. So complaining about how they were 'too quick' is ridiculous.

Just because you don't like the answers or the way in which they're delivered doesn't automatically negate them. You'd be wise to listen to the people who are trying to help you instead of copping an attitude.

 

[Doublecredit]

I'm not being evasive...

...you're being evasive about whether or not this is your debt.

Not really. I said, this is NOT MY DEBT - there. I said it. This is not my debt. How about this... tomorrow a 3rd party company, that you've NEVER heard of, dealt with, or know of sends you a letter saying you owe them say $5k. Are you just going to pay it?? If you do, you truly are "AnotherMoron"...

That's what happen to me. 2 separate businesses put identical charges on my credit file. I have tried for years to validate this, get proof, etc... no luck. So I should just rollover and take it?? Pay a debt that I can not confirm is mine?? All of my past accounts were up-to-date, paid, settled, etc.. in the late 90's. How or why these 2 are hanging on - I don't know?

And if the law is that they don't need to prove crap about this debt, then I have a new business plan... I'm going to create a company and hit everyone's credit file with $1k - just 'cause**************.. cool, right? Figure even if a 1/8 of the people pay it just 'cause************** without validation - I'm rich, right???

No validation or proof required to dog my account "forever" is the dumbest law I've EVER HEARD OF!!! WTF?!

Bankruptcy clears everything, right? I guess that's my "out" as I'm done fighting with the bureaus... it's shame the laws around credit and collections SUCK!

 

[Zigner]

Not really. I said, this is NOT MY DEBT - there. I said it. This is not my debt. How about this... tomorrow a 3rd party company, that you've NEVER heard of, dealt with, or know of sends you a letter saying you owe them say $5k. Are you just going to pay it?? If you do, you truly are "AnotherMoron"...

That's what happen to me. 2 separate businesses put identical charges on my credit file. I have tried for years to validate this, get proof, etc... no luck. So I should just rollover and take it?? Pay a debt that I can not confirm is mine?? All of my past accounts were up-to-date, paid, settled, etc.. in the late 90's. How or why these 2 are hanging on - I don't know?

And if the law is that they don't need to prove crap about this debt, then I have a new business plan... I'm going to create a company and hit everyone's credit file with $1k - just 'cause**************.. cool, right? Figure even if a 1/8 of the people pay it just 'cause************** without validation - I'm rich, right???

No validation or proof required to dog my account "forever" is the dumbest law I've EVER HEARD OF!!! WTF?!

Bankruptcy clears everything, right? I guess that's my "out" as I'm done fighting with the bureaus... it's shame the laws around credit and collections SUCK!

Why go BK? It's not "your debt"