Jessica
Long Beach,#2Consumer Comment
Tue, October 04, 2005
Tim, What they are doing is a violation of the FCRA. Charged off accounts remain on the credit file (just like any other account except ones in bankruptcies) for 7 years from date of LAST ACTIVITY. Since technically your last activity was in 1999 when you paid it, it should be coming off your credit report next year. Do you have the proof of payment in 1999? Did you keep the collection letter and can you get a copy of that check? They probably sent you a notice of satisfaction, do you still have that? You can dispute it. It's possible what happened in 2003 is they just updated their info. Maybe another company bought out the one you owed the debt to and they updated the info with the CBR's. It's possible it will fall off next year. It's not supposed to be off any sooner than 2006. Good luck!