Negative re-aging occurs when a debt collector or other company reports incorrect dates to the credit reporting agencies with the goal of having the account reported longer than it should be reported by law.
Under the federal Fair Credit Reporting Act, collection accounts can only be reported for 7.5 years from the date the consumer first fell behind on payments with the original creditor. If that date is not reported accurately, the item may remain on the consumer’s account longer than it should.
Re-aging an account in this way is illegal. Talk with a consumer law attorney if this has happened to you.
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