Can a debt be put on your credit file from 2000?

Question

Can a debt be put on your credit file from 2000?

Answer 1

That would depend upon what type of debt it is.  The normal reporting period for debt on credit reports is as follows

Unpaid Tax Lien - Indefinitely

Chapter 7 Bankruptcies - 10 years from date filed.

Public Records - 7 years from the date of payment;

Closed or Inactive Accounts - 10 years from the date of last activity;

Derogatory Accounts - 7 1/2 years from the date of original delinquency;

Now if this is for a credit card debt or loan, then it CAN NOT be redated to be placed on your credit report as per the following:

RE-DATING OF THE DEBT IN VIOLATION OF

[CITE: 15USC1681s-2]  Ã‚§ 623. Responsibilities of furnishers of information to consumer reporting agencies

a) Duty of furnishers of information to provide accurate information (1) Prohibition (A) Reporting information with actual knowledge of errors A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. (B) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if-- (i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and (ii) the information is, in fact, inaccurate.

If a collections agency does redate the debt, then you can sue them in court but the limit is $1000 plus court costs and legal fees.

Hope this answers your question

LEGAL DISCLAIMER:  The advice contained herein is for informational purposes only.  It is not to be construed as Legal Counsel nor Legal Advice.

Answer 2

maybe not unless you settle it with the officer incharge for the records.

I work in a lending firm what we do is we send a black list to CIMAP, LECAP etc... to change it is

1. to settle the account

2. talk to the right people (money might be envolved in this process)

Answer 3

yes!

Answer 4

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