I have several charge offs on my credit report that are over 4 years old. the original credit card company has since sold the debt to a collection agency, which showed up on my credit report, and in turn that collection company sold it to another, which again showed up on my credit report. so no my original debt of $1,000 now shows up three times with the most recent date being a few months ago. i've been told that as long as the debt continues to get sold, the "date" stays current, meaning that the 7 years for it to fall off keeps getting restarted. is this true? i thought that the date from the original date of default (which again, was 4 or 5 years ago) was the date that determined when it would fall off my credit report? help! otherwise, i'm doomed to continue having bad credit until i pay it, or file bankruptcy. by the way...i've had NO late payments, charge offs, etc. on my credit report in the last two years...it's been completely clean, and still sits at a 497.
------------------
you dont have any new current credit either
You need 2 years of it or at least 1
get new credit with the cards on my website for bad credit that reports to bureaus.
Pay the debt if you can.
Send this free-letter to the current collection agency.
Thursday, September 27, 2007
Charge offs Collections sold and another account is on my report for the same thing.
Posted by
OskieGuy
at
9:36 AM
Labels: collection, collection sold, collections, get new good credit, good credit, negotiate, remove collection
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment