Re-Aging

[FlaGuy]

I have an old Direct Merchants ca that was bought by cap1, and according to the tl it looks like cap1 has re-aged the account. Could someone plese let me know what the best course of action would be to remove both these entries from my cr. Thanks

 

Cap1

Profit/Loss Write-off

Updated 12/2002 Balance: $5174

Opened 12/2000 Most Owed: $5174

Closed 01/2001 Past Due: $5174

Status as of 01/2001: Charged off as bad debt

 

DMCCB

Purchased by another lender

Updated 12/2000 Balance: $5173

Opened 01/1997 Most Owed: $5623

Closed 08/1998 Past Due: $5173

Status as of 08/1998: Charged off as bad debt

[kwulabear]

If you accepted the cap1 offer, then this is legal as you created a new contract with them. However, if you did not, dispute it as reaged and show the DMCCB tl only and no other information.

[FlaGuy]

I never accepted the cap1 offer. I received several offer through the mail but never acted upon them. Do I dispute with the CRAs? Could you please let me know what types of things I should say in the dispute.

[Manequinne]

I have an old Direct Merchants ca that was bought by cap1' date=' and according to the tl it looks like cap1 has re-aged the account.

Could someone plese let me know what the best course of action would be to remove both these entries from my cr. Thanks

 

Capital one will buy a debt in a minute and quickly place it on your report.

 

Re-aging a debt is wrong, but I would dispute the Cap 1 debt as 'not mines'.

Whatever you do, don't dispute the date, because that is admitting it is yours.

 

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DMCCB

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This is suppose to be 0. But DON'T dispute it as that. (that is admitting it is yours).

DMB is having financial trouble, and they are moving things around. This would mean to me that they can't get to information quickly.

You could try to dispute this. You might have a chance of getting it off.

 

Others may differ, but this is what I would do.