Question: I’ve heard that it’s best not to contact creditors for old derogatory information because re-starts your last activity date…is this true?
Answer: (VIDEO HAS MORE DETAIL) Yes in some cases. Although the activity should not be resumed unless you have made a payment or agreed to a
payment arrangement, some creditors will try to adjust the date. The “clock” or date of last activity starts from the date of your last delinquency.
If it’s an older debt like an old collection, it’s best to deal with it through a dispute process with the credit bureaus.
Submit your questions and help to educate on principles of good credit management. Contact us today for FREE credit consultation at 877-896-2831 or email assessment@visioncreditservices.com. Also, visit our website for more information about our services or to download a free copy of “Your First Step to Credit
Restoration” at www.visioncreditservices.com.
