What Does Reaging an Account Mean?

Account re-aging generally refers to an old practice when some lenders or collection agencies would change the date when an account first went delinquent to keep it on your credit report longer. However, this practice is illegal, as creditors must report accurate information to the credit bureaus.

What is Reaging debt?

What Is Re-Aging Debt? Re-aging debt occurs when there is a restart on the clock on an old debt's statute of limitations. Re-aging debt can happen if a borrower talks to a creditor about an old debt or makes a payment on an old debt.

Is it legal to reage an account?

It is illegal for debt collectors to re-age credit accounts. Re-aging is a very serious violation of the Fair Credit Reporting Act. Re-aging credit accounts causes older negative accounts to look more recent which can ruin your credit score. Do not ignore any evidence of account re-aging.