Armando Candelario

Review of SOUTHWEST CREDIT SYSTEMS

Got a 3+ year old debt and reported it as brand ne...

Got a 3+ year old debt and reported it as brand new. This is against federal law. "It is a violation of law for a collection agency to report old past-due amounts as if they are new again when the debts are sold. If an agency persists in reporting old debts with updated activity dates, you may have a legal case against them. Georg Finder, an independent credit evaluator, knows of plaintiffs who have been awarded damages in cases where collection agencies have willfully disregarded the rules and caused financial harm to the plaintiffs. He says, It is very important that good records of the account charge-off, and of subsequent collection activity, be kept by the consumer to document the abuse and violation to her. "