northron77 Posted February 20, 2020 Report Share Posted February 20, 2020 I had a credit card that went bad and was charged off in May 2018. Last month ( Jan 10th 2020 ), I paid this account off in a settlement to a collection agency that bought the account. When I paid the account I had asked how long it would take to reflect on my credit bureau reporting and was told 60 to 90 days. When I asked if there was a faster way they said to give it a week or so for processing and if not reflected on my credit bureau than do a dispute and that may speed up the process. So I did and the collection agency did there job and reported the tradeline accurately. But the original creditor who reported the charge off in May of 2018, instead of answering the dispute as a settled charge off, re-aged the charge off date to 2-1-2020 three weeks after it was paid to collection agency and it really knocked my score down because the credit bureau says it shows as a recent charge off instead of a older paid in settlement charge off. The original creditor refuses to correct the tradeline. Am I wrong in assuming that the original creditor should report this as a paid in settlement tradeline and not re-aged the date of charge off. That's in advance for any advice you can give. Quote Link to comment Share on other sites More sharing options...
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