Re: lexington law-settling restarts 7 year clock on cra

Posted by WHY CHAT (12.94.8.149) on March 12, 2003 at 08:16:30:

In Reply to: Re: lexington law-settling restarts 7 year clock on cra posted by patti on March 12, 2003 at 08:02:41:

There is NO WAY you can restart the SOL clock for either reporting OR legal action UNLESS you sign a NEW contract with the creditor, or have the debts rewritten, (consolidated).

IF you reach a "settlement" with a collection agency AND you have signed an agreement with them, that THEY have agreed to, they MAY resell the balance to another CA, AND this CAN be used to "re-age" the account on your credit reports, however, it is NOT LEGAL and you can have it taken off, but it is a LOT of trouble.

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