JTsdaddy Posted August 28, 2008 Report Share Posted August 28, 2008 Lets say I have a CA for 107.00.. I pay 100.00 of this bill. it is NOT brought current. this will change DOLA ?? can The account be reaged ? I think I read somewhere that if the account is not brought current It will NOT reage the account.. Link to comment Share on other sites More sharing options...
swirlgirl Posted August 28, 2008 Report Share Posted August 28, 2008 Re-aging is when a CA tries to change the date of first deliquency (DOFD). The DOFD is the date used to determine the 7 year reporting period.If you make a payment, that would change the date of last activity (DOLA). This is the date used to determine the SOL. Link to comment Share on other sites More sharing options...
JTsdaddy Posted August 28, 2008 Author Report Share Posted August 28, 2008 If it is not brought current will it change the SOL.. If they ask for 107 and I pay 100 can they clos thecont as a paid collection even though it wasnt Link to comment Share on other sites More sharing options...
swirlgirl Posted August 28, 2008 Report Share Posted August 28, 2008 SOL is based on the last activity. So, whatever that activty maybe, it will affect the SOL.In your scenario, it would not make sense to send in $100 on a $107 debt just to keep it open. Have you tried a PFD? If you sent in anything, it would push back the SOL. But the 7 year reporting period would not change. Remember, these are two different things. Link to comment Share on other sites More sharing options...
JTsdaddy Posted August 28, 2008 Author Report Share Posted August 28, 2008 If they updated the account to PIF. would that be a violation since it was not paid in full Link to comment Share on other sites More sharing options...
lovebug5 Posted August 28, 2008 Report Share Posted August 28, 2008 Why, in Christ on a Pogo's name, would you only pay $100 of a $107 debt? No offense intended. Link to comment Share on other sites More sharing options...
Debt Guy Posted August 28, 2008 Report Share Posted August 28, 2008 If they updated the account to PIF. would that be a violation since it was not paid in fullShowing a zero balance on an old delinquent account would have to be better than an old delinquent account with any balance remaining. I'm having a hard time seeing how you think this would harm you. Are you worried about a hit to your credit score because the account gets updated? Any payment would cause that and it would have nothing whatsoever to do with either sol or reporting period.Technically, it might be a violation since FCRA says that anything reported must be accurate. But, I think you would need to whole lot of Botox to make that argument to a judge and keep a straight face. Link to comment Share on other sites More sharing options...
lovebug5 Posted August 28, 2008 Report Share Posted August 28, 2008 I'm still not quite understanding why the OP even has a remote concern about violations here and I keep coming back to this thread because I am so utterly confused.I cannot, for the life of me, figure out why someone would pay $100 of a $107 balance and leave the remaining $7 outstanding. Or consider a payment of $100 out of $107 to be a settlement. Link to comment Share on other sites More sharing options...
swirlgirl Posted August 28, 2008 Report Share Posted August 28, 2008 I think the OP's intention is to essentially pay off the debt, but leave a little open. That way, if the CA updated the TL to Paid, he can make some type of argument to the CA that this is not accurate and that because of this "violation" they should delete the entire TL or get sued.I think it's all a deletion strategy. Link to comment Share on other sites More sharing options...
lovebug5 Posted August 28, 2008 Report Share Posted August 28, 2008 If that is the OP's intention, I would suggest that he/she keep her strategy to herself. Behavior like this is irresponsible and fraudulent. If this is the OP's debt and the OP allowed it to go into collections for whatever the reason may be, the OP should pay off his/her debt and call it a day. Although I fully agree that CA's/JDB's can be quite scummy, I think intentionally setting them up to violate just perpetuates their scummy behavior. And quite frankly, it makes it rather clear that anyone thinking up this strategy is a wee bit too manipulative for their own good. (Getting off of my soapbox...) Link to comment Share on other sites More sharing options...
LeslieR Posted August 28, 2008 Report Share Posted August 28, 2008 If swirlgirl is correct, this is one of the more ridiculous schemes I've seen floated on these forums!!! Link to comment Share on other sites More sharing options...
swirlgirl Posted August 28, 2008 Report Share Posted August 28, 2008 I hope I'm wrong. JT, I hope I haven't offended you. Link to comment Share on other sites More sharing options...
lovebug5 Posted August 29, 2008 Report Share Posted August 29, 2008 If anyone offended the OP, it wasn't you Swirl. It was me. Link to comment Share on other sites More sharing options...
JTsdaddy Posted September 4, 2008 Author Report Share Posted September 4, 2008 The intention was to pay most of the debt.. That way with a $7.00 balance . lenders might precieve it as a billing error.. and dismiss it better than a 107.00 bill And while it may look as though Im trying to pull a fast one on the CA... I didnt put a gun to their heads and force them to report it incorrectly. That would be a decision they make on there own.. But If Im gonna have a TL on my report weather it be 7,000... 700... 7.00 or .07 cents It wll be reported correctly.. Link to comment Share on other sites More sharing options...
lovebug5 Posted September 4, 2008 Report Share Posted September 4, 2008 If it looks like a cow, sounds like a cow and produces milk...You can't call it a pig.You had very clear intentions here and although you didn't hold a gun to the CA's head, you pre-meditated everything in the hopes of having it deleted. You're also spending quite a bit of time on attempting to rack up reporting violations when, as was previously mentioned, the PIF status of the account is much better than showing an outstanding balance. Seems to many people here like you're spinning your wheels over a piddly debt that you should just let go of. Link to comment Share on other sites More sharing options...
LadynRed Posted September 4, 2008 Report Share Posted September 4, 2008 If it is not brought current will it change the SOL.. Yes, but it will NOT change the reporting period calculations, which runs from the DOFD. If not brought current, the account is still delinquent, the DOFD remains unchanged, and the reporting period expires 7 years PLUS 180 days from that date. Link to comment Share on other sites More sharing options...
Diane08 Posted September 5, 2008 Report Share Posted September 5, 2008 I have a question: If you have a DOFD being 11/2001, and a payment was made on the account 6/2003, but it wasn't paid in full, does the DOFD remain as 11/2001? Or, does it change to 6/2003? I think it brings the DOLA as 6/2003, but does that also mean DOFD if it wasn't paid in full??I am just trying to figure this out, because some of the credit repair stuff is very confusing to me---like this stuff.Thanks a lot for answer. Link to comment Share on other sites More sharing options...
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