I called CIBC Directly that they said it takes 45 days to update the credit reports, meanwhile I confirmed all the settlements and amounts

I told them about my "last activity" issue and they said its incorrect, it should be 2005 instead of 2007

They said they will request a manual update for correction as well as payments made and I should check back in 10 Business Days

http://img509.imageshack.us/img509/4497/91455242.jpg

Above is how transunion reads it? bad shape

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From what I read SOL is 2 years in ON after 1 Jan 2004, that is if I made a payment in June 2005 and then stopped, they have till June 2007 to sue me or collect it I guess

Can anyone confirm on this

Is it 2 year from the account being started or when I stopped the payment? then the SOL starts

You need to check out Ontario's fair trade act (or simular) for credit reporting practices. In Alberta, it drops off from 6 years from date of last payment or if no payment, last activity. Collection agencies can change the date of last activity (if your paying them) but it's the last payment date that counts (TO THE CREDITOR). If it's november of 2005 then it would be november 2011, it drops off and if it doesn't then file a dispute with equifax and trans union saying its over that time.

As for your HBC stuff? It has no info so should affect your FICO score, and since it says 2006, it's unlikely now it will be updated. So just leave it and don't call anyone.

I have a cancelled by creditor on mine but thats just because the creditor GE Money that did Wal-Mart credit cards isn't doing it anymore. Cancelled by creditor can mean anything, and you do have that magic line in their that says paid and no late payments.

I had a Sears card that went to collection in 1991 and it's still on my transunion credit file, but it boosts my score by 40 points over equifax, because it says paid and no late payments and the account is open.

High Credit/Credit Limit: $0.00
Payment Amount: Not Available
Association to Account: Individual account B
BalanceAmount: $0.00
Type of Account: Revolving
============
Past Due: $0.00
Date Opened: 2001-08
Date of Last Activity: 2006-10
Months Reviewed: 01
Date Reported: 2006-11
Status: Paid as agreed and up to date
Payment History: No payment 30 days late
===============
No payment 60 days late
No payment 90 days late
Prior Paying History:
=============
Comments: Amount in h/c column is credit limit
Closed by credit grantor

What does the comment mean? Closed by Credit Grantor
This is HBC Card account ( Ontario 2005 ) , I am pretty sure I owe them money but my latest credit report reads this
I called them, left messages and they still haven't called back
I am settling all debts but looks like these guys don't want any money

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I had another CIBC account which got settled recently but not yet off the credit report, now the date of last activity says 2007-09 but I stopped paying them back in 2005 so how come it became 2007?
How can I clear this ?

All my loans are Ontario loans which I stopped paying in year 2005/2006