Credit Repair 1-2-3

Hi Paul,

1. I have a collection from ’95 that I was advised to try to satisfy and made some recent payments. Is there still a chance to have the debt removed since the date it was originally opened was back in ’95?

2. I have some other accounts that went to collection back in ’02 that were sold to a collection agency and the collection agency is reporting it as currently 90 days late for the past few months, is that legal?

3. I found some medical collections on my credit report that were satisfied by my employer under my insurance policy, but they are on my credit report. Shouldn’t those be able to be removed since technicaly it wasn’t my obligation to pay them, it was my insurance companies obligation?

Thanks for you help.

Josh

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Hello Josh,

1) Making payments on a collection does not change the date of first delinquency, or rather it shouldn’t (see Equifax date of last activity).  You may have created a problem by resetting the statute of limitations for a lawsuit.  Those are two separate issues; the statute of limitations is state law and the reporting is governed by federal law.

2) Collection reported as a tradeline?

3) The medical collections must be ‘complete and accurate’.  It sounds like a case of collections and mortgages.

Thanks for the questions and I sent you an email.

Paul