The time period when a negative account should be removed from reports is 7 years and cannot be restarted by a creditor or collection agency. If the time period is restarted then re-aging has taken place, which is illegal.
Negative credit due to identity theft can be removed with the help of the Federal Trade Commission
Charge-Off Notification: Do creditors have an obligation to notify you directly when they close an account for late payments or charge-off an account?
Requesting debt validation does not always lead to getting that information from debt collectors. But can unverified debt be removed from credit reports?
Midland debt collectors do not always respond to debt validation request but you do have options.
Even though a collection agency cannot report a negative account beyond 7 years, they can still pursue you for an unpaid debt.
If you are sued by a debt collector, the first and most important thing to do is contact an attorney and prepare an answer within the proper timeframe – Otherwise, the debt collector can a obtain a judgment against you without having to prove their case. Question: I received a summons for an old account…
Consumers have a better chance at getting inaccurate items deleted from credit report when disputes are based on factual errors.
Can a company run your credit with just the last 4 digits of your social security number and does giving them a partial social security number count as permissible purpose.