Hi, A credit card account was charged off almost 7 years ago and was bought by a collection agency just before the 7 year mark. I understand that although the account was bought by a collection agency, it is illegal for these accounts to appear on my credit report after 7 years. My question is, even if I dispute this item with the credit bereaus after 7 years to have it removed, what stops the collection agency from reporting it again making the problem start all over again? Doesn’t it become a revolving door? Dispute, delete, dispute, delete, over and over again. Thank you so much.
Brooklyn, New York