WantToKnowMore Posted August 6, 2006 Report Share Posted August 6, 2006 Calling all Experts,Need some advice please. Here's the problem. DH has HHLD acct. on his CROpened: 1995Closed: 08/99 by the credit grantor Charged Off: 2000My question is, the acct. history was showing late every month from 1996 until 2000, according to OLD CR from EQ, could I calculate the 7 year reporting period from the date the acct. was closed?Even more intresting this acct. shows on EXP and TU as CO in 05/01. Hmmm can we say re-aged!Under the FCRA 605© the "Commencement of the delinquency" doesn't apply to this acct. because the acct. was reporting (neg.) info. prior to the new enactment. The new enactment only applies to items of information after that date. Am I understanding this correctly?Any help and advice is greatly appreciated!!!! Link to comment Share on other sites More sharing options...
nevermore Posted August 6, 2006 Report Share Posted August 6, 2006 Have you disputed it yet? It seems likely it would fall off at the first dispute. You can dispute it as obsolete/older then 7 years. It does seem like they may have played with dates to keep it on longer. Link to comment Share on other sites More sharing options...
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