Born-Again Debt: What Is Re-Aging, and Is It Legal? | The Simple Dollar

The world of credit is filled with terms that can sound quite foreign to most people who don’t work in the industry. Once such term is “re-aging.” And, if you currently have the unfortunate experience of collection accounts appearing on your credit reports, it’s a term you should definitely understand.

Re-Aging Defined

Credit problems are not allowed to haunt your credit reports forever. This is great news if you’ve made credit mistakes in your past. Thanks to the Fair Credit Reporting Act (FCRA) there are very strict limitations regarding how long derogatory information is permitted to remain on your credit reports.

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