Re-aging an account

Credit and mortgage advice Forums Consumer Credit Re-aging an account

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    • #199612
      Anonymous
      Inactive

      Hello,

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      I searched the board for information on this, but all I could find was info on when a creditor illegally re-ages an account. I want to know about creditors re-aging to remove the late pays from your credit report. Here is my situation.

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      In February of 2009, my wife lost her job so we went to a Consumer Credit Counseling organization and got on a debt management plan. The CCCS negotiated with all my creditors and they lowered interest rates, waived late payment fee’s, etc. Everything was great and we were paying down our debt. I just checked my credit this week and I see that Sears/Citibank has been showing me as 30 days late for the past 6 months, and 60 days late for the 15 months before that! I was shocked, because all of my other creditors show a perfect payment history of the past 2 years, even another Citibank card that I have. Obviously, this is destroying my credit, so I contact them. They told me they could not change how the account has been reported because their hand were tied due to “Federal Law”. She did not quote any statutes.

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      My questions is, is this true or can they re-age the account if they wanted to? What should my next steps be? I’m frustrated because I have worked hard to pay back everything I owe and I’m still getting screwed.

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      Thanks in advance for any and all help.



    • #415402
      Anonymous
      Inactive
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