By Martyn HermanUEFA president Michel Platini’s vision of a European Championship spread across the continent came to fruition on Friday as London’s Wembley Stadium was chosen to host the climax of Euro 2020 with 12 other cities joining the party.The 90,000-seater Wembley, rebuilt from 2003 to 2007 and venue of the 2011 and 2013 Champions League finals, will stage both semi-finals and the final of the 60th anniversary tournament dubbed a “Euro for Europe”.It will be the first time in the competition’s history when a tournament will be hosted by more than two countries.Wembley got the nod over Munich’s Allianz Arena, the other stadium initially bidding for semi-finals and final hosting rights. Munich had to make do with being one of 12 cities awarded one of the standard packages, comprising three group matches and a knockout round tie.The home of Bayern Munich will host a quarter-final, along with the Baku Olympic Stadium in Azerbaijan, Rome’s Olympic Stadium and the Zenit Arena in St Petersburg, Russia.Last 16 ties will take place in Copenhagen, Amsterdam, Bucharest, Dublin, Bilbao, Budapest, Brussels and Glasgow.Cardiff’s Millennium Stadium along with bids from Stockholm, Skopje, Jerusalem, Sofia and Minsk were all rejected.The vote for Wembley comes as a welcome tonic for the Football Association after its failed bids to host the 2006 and 2018 World Cup finals but FA chairman Greg Dyke denied any deal had been done with their German counterparts, the DFB.“There is no deal,” Dyke told reporters at the ceremony in Geneva. “Other than we will not bid (to stage) Euro 2024 because it would be a waste of time because we wouldn’t get it.”Dyke, however, hinted that England would support a German bid to host the 2024 tournament.DFB president Wolfgang Niersbach, whose federation are believed to have pulled out from trying to host final and semi-final games with an eye on a 2024 bid, said: “I am very satisfied and happy that we could convince UEFA with our bid and have in 2020, after 32 years, European championship games again in Germany.”England has hosted only one major tournament since the 1966 World Cup, the much-praised Euro 96, the final of which between Germany and the Czech Republic was played at the former Wembley.“It’s nice to win one,” Dyke said. “Wembley is a great stadium and we are delighted to be hosting the finals of this tournament. Wembley has been completely rebuilt since 96 and it’s now a beautiful stadium.“I would also like to say what a good idea this is when you sit and watch all these capital cities across Europe, what a good idea to play a tournament across all those, so congratulations to UEFA.”“This bidding process was open to more than 50 UEFA countries so for Wembley to be ultimately recognised in this way is testament to a lot of hard work behind the scenes,” Dyke added on the FA website.“It will be a great honour to be part of what will surely be a superb celebration of 60 years of the European Championship.”Dublin’s inclusion in the tournament coincides with the Football Association of Ireland’s 100th anniversary.“This one off opportunity to host part of the European finals at our home stadium will provide a major boost for Irish football and the country as a whole,” FAI chief John Delaney said in a statement.There was relief too for Russia, given the current conflict near its border with Ukraine.“I want to congratulate all supporters of Russian Football,” Russian Minister for Sport Vitaly Mutko said.“Of course, there was a chance that because of the current political situation, the powers would refuse to let us host matches at Euro 2020. But we are really happy that the world of sport and politics are kept separate.”The choice of Rome’s Olympic Stadium for a quarter-final match, follows on from Thursday’s UEFA announcement that Milan’s San Siro would be the venue for the 2016 Champions League final.Football Federation president Carlo Tavecchio said it showed the country is making strides after years battling problems with hooliganism and crumbling stadia.“From a sporting perspective our intention is to consolidate the international dimension of Italian football, contribute to the renewal of our stadiums and support the growth of the football movement, in particular at grass roots level,” he said.No French cities will be used although France is hosting the next finals in 2016.
I received the following question from a Minter regarding disputing information on his credit report.“John, I have a negative item on two of my credit reports that is scheduled to come off in just under 2 years, December 2015. I would like it to be off by June 2014 because I’d like to open a few accounts to use for my business. If I am not successful having the item removed early is it possible that disputing the item could cause it to remain on my credit reports longer than December 2015?”What the Minter is asking, in layman’s terms, is whether or not disputing information on your credit reports can accidentally cause it to remain on your credit reports longer than allowed by law.It’s a fair question due to a problem referred to as “re-aging.”Re-aging is when the “purge from” date associated with a negative credit report entry is inadvertently changed to be more recent, thus causing the item to remain on the credit report longer for a longer period of time.The Good NewsThankfully, there’s nothing you can do that will cause a negative item to remain on your credit report longer.You can pay collections, settle defaulted credit card accounts, dispute negative entries, or interact with your credit accounts any other way you can think of and none of them will magically allow a negative credit entry to remain longer.Both the Fair Credit Reporting Act (hereafter “FCRA”) and the credit industry’s reporting guidelines (called the “Credit Reporting Resource Guide”) are very clear that once an item goes into default (in any form or fashion) that item must be removed no longer than 7 years from that date.There is no language in the FCRA that allows a credit reporting agency to maintain defaulted credit entries simply because some sort of activity has taken place on that item.What this all means is consumers can continue to engage with their lenders, collection agencies and/or credit reporting agencies without fear that their actions will somehow backfire and cause their negative credit entries to hang around longer than originally projected.But…Beware of Reviving Old DebtsThere’s one thing you should be aware of, however, when dealing with old collections…and it’s likely where this myth about extending the credit reporting timeframe comes from.If you default on a debt the lender has a finite period of time to sue you to collect that debt.After the time expires the debt becomes “time barred” and the lender cannot use the courts to pursue you for payment. I wrote about time barred debts for Mint, here.In some states a debt becomes time barred in as little as 3 years. In some states a debt becomes time barred after 15 years.Most states fall between 3 and 15 years as to when a debt becomes time barred. And before we continue…remember, this has nothing to do with credit reporting.If you have a debt that went into default 2 years ago, and you happen to live in a state where it becomes time barred at 3 years, then you just have 1 year left and you won’t have to worry about a lawsuit filed by your creditor.But, if you make a payment on that debt, then you may have just reset the clock to 0 and now your creditor can sue you for the next three years. And the bad news doesn’t end there.According to the Federal Trade Commission:“In some states, if you pay any amount on a time-barred debt or even promise to pay, the debt is ‘revived.’ This means the clock resets and a new statute of limitations period begins. It also often means the collector can sue you to collect the full amount of the debt, which may include additional interest and fees.”John Ulzheimer is the Credit Expert at CreditSesame.com, and a credit blogger at SmartCredit.com, Mint.com, and the National Foundation for Credit Counseling. He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry. The opinions expressed in his articles are his and not of Mint.com or Intuit. You can follow John on Twitter here. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) RelatedCan You Win When Disputing Accurate Credit Report Items?January 28, 2013In “Credit Info”How to Get Rid of Closed Accounts on Credit ReportsJanuary 13, 2014In “Credit Info”Does Disputing a Credit Report Hurt Your Credit Score?May 6, 2013In “Credit Info” Post navigation