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Here's what Debt Collectors do when they get caught screwing consumers:

BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: CATEGORY: Credit Disputes - Bankruptcy - Establish new credit: Here's what Debt Collectors do when they get caught screwing consumers:

SofaKing (Sofaking)	Wednesday, December 06, 2000 - 07:12 am They go BANKRUPT!! http://www.ftc.gov/opa/2000/08/performance.htm Basically, they got caught "re-aging" accounts. Shame... Shame.... P.S. Many agencies will re-age accounts in bulk to make their collections portfolios appear to have more "collectible" accounts than they really have. This makes their stock more attractive to investors and/or shareholders.
Stephen McLaughlin (Stevemc)	Saturday, December 16, 2000 - 08:20 am This "re-aging" accounts sounds like what has happened to me. What can I do to correct this? Should I take legal action or should I just inform the collection agency that I'm on to them. Thanks
SofaKing (Sofaking)	Saturday, December 16, 2000 - 09:58 am Consumers must dispute the innacuracies, be persistant, keep records, send certified, and know the law! The credit reporting agency could care less about dates. The collector/creditor has a vested interest in re-aging an account. If the SOL runs out they are SOL too!

Credit Forum CreditCourt Forum 2003 Credit Suit CreditFactors Order Credit Reports

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