Selling a debt

Did you sign the account with your ex-wife?

Make Pinnacle validate the debt. You will be confirmed if they have the authorization to hit your credit report. It looks like they are re-aging the dates so that the negative item stays longer. This is a clear violation of the FDCPA.

If you haven't signed the debt with your ex, it must not be reported in your CR.

So how do I get them to validate? and how can they charge interest?

FDCPA clearly defines your consumer's rights and ask for debt validation from the collection agency. They need to give you details from the original creditor and prove their authorization.

Read the fine prints signed with the original creditor. It should mention about the collection fees when the account is defaulted. collection agencies are regulated by the state laws and add permissible charges. Go to your state attorney general's office for knowing about the legal fees in your state. The charges mentioned in the contract should not exceed from the state laws.

Okay thanks but I am still not clear on one thing. How can they keep updating it as new? Shouldn't it fall off my credit report after so long? This seems like it is illegal for them to keep updating it. It's almost like it will never go away unless I pay someone to get rid of it. I have worked very hard cleaning up my report, even went as far as paying debts that did not belong to me in order to get them removed, but not this one. This one is alot of money and it keeps growing.