Asset is killing me!!!

[smhaines65]

last year i recieved a letter from Assest on an old auto loan from 96, i DV them and they sent me the original contract, i sent another letter asking for proof of the debt being with in the SOL, which in south dakota is 6 years, i have not recieved anything since but looking at my credit reports from the big 3 and assest with report on one CRA for a month then remove the trade line but at the same time report to another CRA for another month and they keep on doing this bouncing back and forth between the 3, is there anything i can do about this??

[SOC]

do you mean its being removed from one report and then put back on, or its just being updated on different reports at different times.

[smhaines65]

thats exactly what i mean, they remove from one and show up on another for like one or two months at a time

[IHateCAs]

If the account defaulted in '96, it shouldnt be on your report at all.

[Ahntara]

"...auto loan from '96..."

Was the account OPENED in 1996?

"...report on one CRA...then remove...report to another CRA..."

There is no law which compels or requires credit reporting. The FCRA dictates that IF they report, it must accurate. So, if the debt is within Reporting Time Period of 7 years from the Date of First Delinquency, it can appear, but doesn't HAVE to.

However, that time limit applies only to accounts generated after (sometime in) 1997 {technically "...455 days after the enactment of the Consumer Credit Reform Act of 1996..."}. So, there actually may be a loophole that Asset is working.

Additionally, creditors are Data Furnishers. They pay for the priviledge of placing information into various files. It's a financial decision. It's conceivable that if they are engaging in this kind of shadow reporting, they might do it in a hit-n-run, less expensive way.