Posted on: 25th Jul, 2012 12:25 am
Which date are the agencies required to go by to delete negative credit information? Is it the last active date? And what if the accounts have been transferred to collection agencies? Does that same account start over with the new date that the collection agency buys that account?
Welcome Sarvin,
As far as I know, the agencies have to remove negative items from your credit report which are older than 7 years. If the account was sold off, then the new debt holder would start reporting that collection as well.
As far as I know, the agencies have to remove negative items from your credit report which are older than 7 years. If the account was sold off, then the new debt holder would start reporting that collection as well.
You can also go through this forum discussion http://www.mortgagefit.com/Rebuilding-credit/Remove-negative-items.html
we all know that there are millions of people having negative credit. so the agencies cannot take care of them all. they have to do it one by one. So i guess the agencies will have to remove negative items from your credit when they found it out and when they are available to.
