QUESTION
Can creditor add derogatory information to a closed account?
Asked on Jul 14th, 2013 on Bankruptcy - New Jersey
More details to this question:
I had a credit card that was closed by creditor, the account was in good standing at time of closure. The creditor re-open the account just to add derogatory information. I'm thinking this is wrong.
3 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
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If the information is not correct then you can file a dispute with the credit reporting agency. You can also check out the information at the Federal Trade Commission: www.FTC.gov.
Answered on Jul 16th, 2013 at 10:18 PM
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
2 Awards
The only issues are (1) whether the information is accurate or not, and (2) whether it is less than 7.5/ 7 years old. If it is accurate and timely, the time when it was listed is not important.
Answered on Jul 16th, 2013 at 7:45 AM
General Law Attorney serving Cherry Hill, NJ
at
Mark S. Cherry, Attorney at Law, PC
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You should certainly dispute this item with the creditor and all three credit reporting bureaus.
Answered on Jul 16th, 2013 at 4:14 AM