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Re-aging

Posted on: 20th Mar, 2012 02:55 am
I have a tradeline which shows 10/2004 as the first date of delinquency. I think it should have fallen off my reports by now but it hasn’t. Now my report says it is scheduled to continue on record until July 2013. The original creditor is reporting on my Experian report and the collection agency is reporting on all three of my reports. Is this re-aging? If so, what can be done about it?
As far as I know, the original creditor or the CA can report it for 7 years. However, I guess there must be an misunderstanding and so they have mentioned 2013 as the year on which the negative item will fall off your credit report. I will suggest you to contact the credit bureaus and try to sort out the matter.
Posted on: 20th Mar, 2012 03:22 am
Hi Malta,

Well, re-aging a debt can be defined as an act of reporting an incorrect date of first delinquency to a credit reporting agency. Such an action may or may not be illegal depending on whether the consumer consents to the date change or the creditor's intent. If there is no change in date of first delinquency, then I don't think there has been any kind of re-aging.

Thanks
Posted on: 20th Mar, 2012 08:44 pm
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