Recent Change On Credit Report Regarding Repo

**diggingmyselfoutinnj** · 12-14-2006, 06:39 AM

Hello All,
I got myself into such a whole with my credit and recently started working on repairing. I recently sat down with 2 different credit reports from same company. To begin with there are 2 entries one from the original creditor and one from the collection agency. It appears that the dates from my credit report dated 3/2003 are different from the latest report that I just received on 11/2006. The dates seems to have been adjusted from 7/2000 to 7/2001. Should I fight this with the credit bureaus. I reviewed all three credit reports and have found the same exact thing. Can you also tell me what is the SOL on a car loan in the state of nj. I beleive that it is 6 years.

**Mr. Knowitall** · 12-15-2006, 07:21 AM

Object to any errors or multiple entries, and ask that they be corrected.

Bad credit entries can be reported even if the statute of limitations has run. For a car, that could be seven years from the date of the last bill after default, the date of the write-off, or the date collection activity commenced, up to seven years plus 180 days after the date of the delinquency.

**diggingmyselfoutinnj** · 12-16-2006, 06:44 AM

Mr Knowitall,
Thanks, I am very confused, the collection agency is reporting totally different dates of last activity than what the OC is reporting. It seems that since the SOL is about to expire both the CA and OC are trying to collect. Would asking both the OC and CA for transaction history reset the time clock for the SOL? On the credit report where they display when the item is scheduled to be removed why does the OC show 1 date and the CA show another??

**Mr. Knowitall** · 12-16-2006, 08:00 AM

Disputing the debt will not reset the clock, nor will asking for it to be validated.

There is an error on your credit report, obviously, so if you want it corrected dispute the incorrect information.

**diggingmyselfoutinnj** · 12-20-2006, 05:22 AM

I just found another CR dated Dec. 6, 2001 on this CR it states that the date of last activity was 9/2000 and at the time of the CR the car was already in their possesion. On my most recent CR it has the date of last activity as 9/2002. Could this be the date the car was auctioned off? I disputed this information with the CRA and they sent me a letter that it was verified and remains the same. What can I do from here??