mmarley66

Re-aged debts legal or not

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I was hoping someone could point me to a post that explains re-aged debts. I tried searching but I need a definition on this and also what to know if it is legal or not.

I sent in my dispute letter to a cb the last week of June. To my surprise three things have vanished, my credit score went up 10 points, most are still noted as “under investigation” but my biggest issue is with two accounts with Asset Acceptance. Both accounts are noted as “Meets requirement of the Fair Credit Reporting Act”. The open dates for one is 08 and the other is 09. I never opened any such accounts during those times; I know one was open in 05 and the other 06. When I disputed them with the cb I put open date is wrong, amount owed is wrong.

I received a letter yesterday from asset and they want to cut my bill in half for one account. This one I will fight to death not to pay. It is for Bally total fitness that I had an account with since 02. In 05 I became pregnant and was considered high risk. I was told by Ballys that all I needed was a letter from my doctor stating that I could not work out and my account would be closed. I complied and they told me I was misinformed and had to continue to pay or sell my membership to a friend. I was in good standing before this happened and I know it was childish, I’m paying for it now believe me but I know for 100% fact it was opened in 05. The other one is a Capital one credit card that I fell behind on. I couldn’t catch up to save my life. This one I know for a fact was opened in 06, not 08 like they say.

So my question is should I send asset a DV letter, wait until the cb finishes there full investigation and re dispute it…..not sure what to do from here.

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I believe that the "Date Opened" field is just when they got your account and doesn't affect "re-aging."

You would need to know if the date of last activity was changed. You can get that information of sort of backtrack based on the date it's expected to fall off your credit report. It should be 7.5 years from the the 05/06 dates, not 7.5 from the 08/09 open dates.

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The date opened merely means the date the reporting CA or JDB took the account over, it's not the opening date for the original account.

Re-aging usually means they changed the date of first default (DFD) or date of last activity (DLA) to extend the SOL.

For example, on one credit report Midland listed the DLA as December 2000. Two years later, Midland suddenly started reported the DLA as September 2002, then sued me. With the DLA of 2000 it would have been out of statute, with the 2002 it was just under the wire for account stated. That's re-aging.

Edited by ALVA
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Here is what it says on my cr:

ASSET ACCEPTANCE LLC

Address: Account Number: Original Creditor:

PO BOX 2036 XXXXX BALLY TOTAL FITNESS

WARREN, MI 48090

(800) 614-4730

Address Identification Number:

XXXXXXXXXX

Status: Collection account. $1,003 past due Status Details: This account is scheduled to as of Jun 2009. continue on record until Dec 2013.

Date Opened: Type: Credit Limit/Original Amount:

04/2008 Installment $869

Reported Since: Terms: High Balance:

05/2008 1 Months NA

Date of Status: Monthly Payment: Recent Balance:

06/2008 $0 $1,003 as of 06/2009

Last Reported: Responsibility: Recent Payment:

06/2009 Individual $0

Account History:

Collection as of Jun 2009, Apr 2009, Oct 2008 to Mar 2009, May 2008 to Jul 2008

Next One:

ASSET ACCEPTANCE LLC

Address: Account Number: Original Creditor:

PO BOX 2036 XXXXXX CAPITAL ONE BANK NA

WARREN, MI 48090

(800) 614-4730

Address Identification Number:

XXXXXXX

Status: Collection account. $680 past due as Status Details: This account is scheduled to of Jun 2009. continue on record until Jun 2013.

Date Opened: Type: Credit Limit/Original Amount:

04/2009 Installment $670

Reported Since: Terms: High Balance:

06/2009 1 Months NA

Date of Status: Monthly Payment: Recent Balance:

06/2009 $0 $680 as of 06/2009

Last Reported: Responsibility: Recent Payment:

06/2009 Individual $0

Account History: Collection as of Jun 2009

CAP ONE

Address: Account Number:

PO BOX 30281 XXXXXXX

SALT LAKE CITY, UT 84130

No phone number available

Address Identification Number:

XXXXXXX

Status: Transferred,closed. $660 written off.

Date Opened: Type: Credit Limit/Original Amount:

03/2006 Revolving $500

Reported Since: Terms: High Balance:

03/2006 NA $877

Date of Status: Monthly Payment: Recent Balance:

06/2009 $0 NA

Last Reported: Responsibility: Recent Payment:

06/2009 Individual NA

Creditor's Statement: Purchased by another lender.

Account History:

Charge Off as of May 2009, Apr 2009, Mar 2009, Feb 2009, Jan 2009, Dec 2008, Nov 2008, Oct 2008, Sep 2008, Aug 2008, Jul 2008, Jun 2008, May 2008, Apr 2008, Mar 2008, Feb 2008, Jan 2008, Nov 2007, Sep 2007, Aug 2007, Jul 2007, May 2007

150 days past due as of Mar 2007

120 days past due as of Feb 2007

90 days past due as of Jan 2007

60 days past due as of Dec 2006, Aug 2006 30 days past due as of Nov 2006, Jul 2006

Balance History:

05/2009 $877 04/2009 $868 03/2009 $859 02/2009 $850 01/2009 $841 12/2008 $832 11/2008 $823 10/2008 $814 09/2008 $805 08/2008 $796 07/2008 $787 06/2008 $777 05/2008 $769 04/2008 $759 03/2008 $751 02/2008 $742

01/2008 $732 11/2007 $714 09/2007 $696 08/2007 $687 07/2007 $678

Between May 2009 and May 2009, your credit limit/high balance was $877

Between Apr 2009 and Apr 2009, your credit limit/high balance was $868

Between Mar 2009 and Mar 2009, your credit limit/high balance was $859

Between Feb 2009 and Feb 2009, your credit limit/high balance was $850

Between Jan 2009 and Jan 2009, your credit limit/high balance was $841

Between Dec 2008 and Dec 2008, your credit limit/high balance was $832

Between Nov 2008 and Nov 2008, your credit limit/high balance was $823

Between Oct 2008 and Oct 2008, your credit limit/high balance was $814

Between Sep 2008 and Sep 2008, your credit limit/high balance was $805

Between Aug 2008 and Aug 2008, your credit limit/high balance was $796

Between Jul 2008 and Jul 2008, your credit limit/high balance was $787

Between Jun 2008 and Jun 2008, your credit limit/high balance was $777

Between May 2008 and May 2008, your credit limit/high balance was $769

Between Apr 2008 and Apr 2008, your credit limit/high balance was $759

Between Mar 2008 and Mar 2008, your credit limit/high balance was $751

Between Feb 2008 and Feb 2008, your credit limit/high balance was $742

Between Jan 2008 and Jan 2008, your credit limit/high balance was $732

Between Nov 2007 and Nov 2007, your credit limit/high balance was $714

Between Sep 2007 and Sep 2007, your credit limit/high balance was $696

Between Aug 2007 and Aug 2007, your credit limit/high balance was $687

Between Jul 2007 and Jul 2007, your credit limit/high balance was $678

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Somewhere on your reports there should be a DLA (date of last activity) or Date of default, date of last payment, or similar. These are the dates used to determine the allowable reporting period as well as the SOL.

You can also work it out from the payment history

ie: 60 days past due as of Dec 2006 indicates last payment was October 2006. Does that seem correct?

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Everything that was on my credit report is what I posted. I looked at the other two credit reports I have and they state:

Date Open: 4-21-08

High Limit: 869

Last Reported: 7-6-09

Account Status: Closed

Amount Due: 1013

Date Open: 4-09

High Limit: 670

Last reported: 7-09

Account Status: Open

Amunt Due: 687

I cant seam to find what you are asking for. No where does it state that. Maybe I am looking in the wrong place but I've read these 900 times and still cant find it.

Edited by mmarley66
Forgot to add something
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EQ is the CRA which shows DOFD.

Status: Collection account. $1,003 past due Status Details: This account is scheduled to as of Jun 2009. continue on record until Dec 2013.

You would subtract the 7.5 years from Dec 2003 to determine your DOFD.

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