Does Debt Validation Re-Age an Account?

I have a old Citibank account which I do not know the charge off date, but it comes off my credit bureau on Dec 2007. I would assume that my account was charged off in Dec 2000. I have received letters from April 06 and recently May 9th…from different “collection” agencies.  The debt is mine but the SOL in South Dakota is 6 years.  What should I do?, should I send a letter for debt validation or would that reage the account?  I have 6 days to respond to the validity of the debt…

Lynn

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Hi Lynn,

Requesting validation of the debt is your right under the Fair Debt Collection Practices Act.  A collection agency can not lawfully re-age the account.  Send a CMRRR letter to the collection agency requesting validation and include a copy of the FTC Wollman letter.  If the account is beyond the applicable statute of limitations, then all the collection agency can do is attempt to plague your credit report.  Requesting Debt Validation within the initial thirty days puts the consumer in a better position to defend against a collection agency’s abuse of the credit reporting system.   

Thanks for the questions and hope this helps.

Paul

This author is not an attorney and this information should not be considered legal advice.  Please conult an attorney for legal advice.